Tax Preparation Business

Business Idea: Start A Tax Preparation Business in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$16.5K
Avg Startup Costs
$11.7K
Market Size
Avg Revenue
Avg Days To Build
32 days

Do you have experience in tax preparation? You can capitalize on your math abilities and attention to detail by starting a tax preparation business.

Basic tax types include:

  • Individual income taxes
  • Corporate income taxes
  • Sales taxes
  • Property taxes

To start a taxation business, you can use an in-home taxation preparation service or build taxation software. Taxation experts can specialize in certain taxation types or offer general tax consultations.

Revenue & Profitability

How much do tax preparation businesses make?

Startup Costs

How much does it cost to start a tax preparation business?

  • It can cost as low as $497 to start a tax preparation business.
  • It can cost as high as $1,000 to start a tax preparation business.

Learn more about the costs of a tax preparation business.

Examples Of Successful Tax Preparation Businesses

Successful tax preparation business businesses and case studies

A case study about FreeCashFlow.io, an accounting agency that specifically caters to the financial needs of Onlyfans models and entrepreneurs, helping them with bookkeeping, taxes, and financial management, all while overcoming the stigma associated with the industry.

$25K Monthly Revenue
$500 Startup Costs
Read by 6,790 founders

A4E, a full-service accounting business, grew five times from when it started about a year ago when it was only offering tax services, and its current MRR is around $8k with a targeted MRR of $13k, providing 100% done-for-you accounting solutions that combine bookkeeping, taxes and CFO services under one roof and for an amazing value for US-based businesses in tech-related industries and services.

$8K Monthly Revenue
$1K Startup Costs
Read by 10,163 founders

See full list of successful tax preparation businesses.