Welcome Your Tax Season
Feb. 11, 2010 by Heidi BohiNext year at this time, instead of approaching tax season with the certain dread of piles and papers, and the possibility of owing the IRS a big chunk of change, for the first time, April 15 could mean the opportunity to make bank as you celebrate the annual deadline by collecting thousands of dollars from clients of your tax service franchise.
Despite the shaky economy, the income tax industry remains recession-proof and continues to grow exponentially, making tax service franchises one of the most promising business opportunities for veterans. As more people file tax returns and a higher percentage of the workforce pays preparers to help them muddle through increasingly complicated paperwork, the market continues to grow and has ushered in 23 million customers in just the past 10 years. At the same time, the number of small businesses is approaching 9 million – each employing less than 20 people – and all signs show that this need will continue to boom as the demand for business-to-business financial services increases, including tax preparation, government compliance, and financial reporting.
Although general business experience helps, it is not necessary to be an expert in tax preparation. As a tax franchise owner, your investment comes with a proven business model developed by tax industry experts, as well as training and year-round support in all aspects of business operations. The tax-preparation industry also offers flexibility. Many franchisees continue to keep their existing jobs and work only during the four-month tax season crunch, leaving them the rest of the year to pursue other interests.
