Starting your own tax business will enable you to meet this ... business. Recent advances in cloud computing coupled wit
Why launch your own tax business? Over 15,000 million tax returns will be prepared in Australia in 2014 and over 80% of us pay a tax professional to prepare and lodge our tax return every year. And every year the government continues to make more and more changes to tax laws. These changes make taxpayers even more confused and frustrated and they are seeking out the help of tax professionals more than ever. As the number of taxpayers continues to grow, so does the need for qualified people. And now, with the recent changes to our economy, it’s more important than ever for taxpayers to claim all of the deductions due them and pay no more than the exact amount of taxes they owe. Starting your own tax business will enable you to meet this growing demand and also give you the flexibility and security you deserve. The amount of money you can make will depend on your market and how easily you can attract clients. An experienced tax professional can earn up to $200 per hour when busy! It’s unlikely you will earn that much right off the bat because you will still be learning and recruiting new clients. But by marketing effectively and providing excellent client service you can grow through high client retention and referrals and quickly attain that level of income and continue to grow your tax business! What’s even more exciting is that as your business grows through new clients and referrals, your future earnings potential is much greater! Plus, you can enjoy your summers and holidays because most of your business in generated during the concentrated tax season from July through October. Or you could consider providing other services for your tax clients and generate income year-round. Here are just a few reasons why you should consider getting into your own tax business. Earn $200/hour or more with experience. Once you receive your training and start, you’ll be surprised how efficient you’ll become in preparing returns. Experienced tax professionals can easily earn $200 per hour and above in tax season if they have demand for their services. Take charge of your own destiny! Take the leap into entrepreneurship! Being self-employed is challenging, but it can also be very rewarding, offer independence, financial freedom and more. Getting into your own tax preparation business can be relatively low cost, quick to launch, rewarding and lucrative. Think it’s too risky? Self-employed people often have the greatest job security as they are not subject to unexpected redundancies or downsizing. Supplement your existing business. If you currently own an existing client centred business (such as accounting or bookkeeping) and are concerned about tough competition, margin squeeze and the effects of self-service cloud based software - adding tax return services to your portfolio may assist in increasing revenues and profits. Overall, it’s an ideal way for professionals to both expand their current service offering and launch a profitable new venture in tax preparation and lodgement. Work part of the year and make a great income Some of us simply want to work less and enjoy life more. Having you own tax business allows you to plan longer holidays outside of tax season but also earn enough to get ahead in life.
Tax School – Professional Tax Educators. Copyright 2014. All Rights Reserved. ABN: 46 167 668 889 PO Box 2366. Marmion. Western Australia. 6020. Ph. 1800 220 230
Reduce your own tax liability Most Australians pay 25-35% of their earnings in income taxes. This can add up to hundreds of thousands or even millions of dollars over your life. Finally, apart from saving on tax preparation fees every year, by learning to do taxes you can maximise your tax refunds, minimise your income tax liability and save thousands of dollars. Start quickly with minimal expenses Because there is no expensive inventory, it’s generally quite easy and fast to get into your own tax preparation business. Recent advances in cloud computing coupled with the increasing demand of convenient over-the-phone (or now even webcam!) tax services have also made it easy to set up tax preparation businesses from home. The industry has become almost entirely portable and thousands of tax interviews are conducted by tax professionals in their home by phone every year – reducing your costs and making more profits! Tax School can help you get into the industry. Getting into the industry is easier and less expensive than you think: • • •
Minimal start-up costs Get your tax business started quickly Accounting background or degree helpful but not required
At Tax School we can help teach you everything you need to know! We offer all training to help you get into the industry. Tax School also partners with national tax chains such as Mr Tax Refund to offer students the opportunity to get into your own business, at very low entry cost and service backup and a proven business model. Click here for more details. There are so many reasons why starting your own tax business is a great investment in your time, effort and money. To find out more about our great tax program contact us today. Copyright, 2013, Tax School Pty Ltd
About tax school Tax School teaches a wide range of people who wish to become expert income tax return preparers and advisors. We offer industry leading education and engage our students in innovative and practical ways to allow them to rise to the top of their field. We also make the process fun. For additional information visit www.taxschool.com,.au contact us at
[email protected], or call 1800 220 320.
Tax School – Professional Tax Educators. Copyright 2014. All Rights Reserved. ABN: 46 167 668 889 PO Box 2366. Marmion. Western Australia. 6020. Ph. 1800 220 230
