This tax year I have been helping others do their tax returns. This has turned out to be very lucrative for the amount of time that I have put in. I charged $33 per return completed and my costs for the software was $13 per return. Each tax return too about 20 minutes to complete. This tax season I completed 9 returns for a total profit of $180 for about three hours of work. I know my rates are crazy low so next year I will have a proper business plan along with business cards. This will be accompanied with a new fee of $40 per return.
I will be attempting to line up clients throughout the year in order to get the maximum number of returns in. I am hoping to get 50 people signed up, this will give me just over $1300 in my pocket less taxes. This client base will also allow me to offer financial advice to assist people in getting out of debt. I have been working on this for a long time and I believe I can offer assistance to people i order to live their lives in a financially responsible way.
How to Face Your Future…Literally
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4 comments:
Excellent; good foresight on your part for lining that up in advance, sounds like you're well on your way to your own private practice.
That is my hope and dream one day. I have just 2 semesters of school left in my BBA in Accounting, once I have that pice of paper I can start the certification process.
How does one start learning how to do taxes for other people? Obviously you said you're in school for finances, did you learn there?
I dream about being able to do my own taxes, and once I've done that, do others for them as well. Is it difficult? How would I go about starting the process?
Alan,
Check out my latest post!
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