Professional

Tax Preparation Service

$150-500 per return. 150 returns over 10 weeks = $22,500-75,000.

Monthly Revenue
$3K–$20K
realistic range
Startup Cost
$1K–$3K
to get started
Hourly Rate
$100–$200
per hour billed
Complexity
3/4
skill required

The Business

Tax preparation is highly seasonal (January-April) but concentrated. Simple returns pay $150-250; business returns $400-1,500+. Enrolled Agents (EA) can represent clients before the IRS and handle complex situations at premium rates. Year-round services (estimated taxes, tax planning, bookkeeping) extend income beyond the filing season.

How to Start

Register for a PTIN (free from IRS). Buy professional tax software (Drake, ProSeries, $500-1,500/year). Start by doing returns for friends and family. Market heavily January through March. After 3 seasons consider the Enrolled Agent exam (opens doors to $300-1,000+/hour tax planning work).

REAL EXAMPLE

Maria operates a seasonal tax prep service earning $35K during the 4-month busy season, supplemented with bookkeeping year-round for $4K/month.

Equipment Needed

  • Tax software
  • Computer
  • Printer
  • Secure file storage
  • E-file subscription

Licensing

PTIN from IRS; EA or CPA for complex returns

Monthly Search Volume

2,800
people/month search for this business
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Revenue Calculator

15
$250
40 hrs
$2,000
Weekly Revenue
$3.8K
Monthly Revenue
$16.1K
Annual Revenue
$193.5K
Monthly Profit
$15.7K
Break-Even
1 month
Hourly Rate
$94
Monthly costs: $400/mo (insurance, fuel, supplies)
CHRIS'S TAKE

Tax prep is one of the most defensible local businesses. Customers return every year without marketing effort. A good tax preparer with 200 clients doing $250 average does $50K in 3 months.

PRO TIP

Niche into small business and self-employed — their returns are more complex (higher fees) and they need year-round bookkeeping. One self-employed client can be worth 3x a W-2 employee.

READY TO MAKE IT OFFICIAL?

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ACQUISITION ROUTE

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