Open / Start a Tax Preparation Business or Office
How do you start or open a tax preparation business, office, or practice? You can make good money in a short amount of time by opening a tax office and providing tax prep services. Over 98% of individual tax returns are filed between late January to April 15. When you open a tax office with 1040TaxBiz, we work to get your average charge up to an average of $300 per tax return. One return a day for 120 days and you’ve just earned $36,000!
Bring Your Own Retail Location
Tax preparation integrated into a business with foot traffic is a lucrative addition. This package is for owners of brick-and-mortar locations to expand their services.
Revenue share 60/40 or 40/60
Whether you’re experienced or new to tax preparation, we offer everything you need to build a tax business including software, training, and marketing assistance.
Revenue share 70/30
Among other benefits, corporate tax capabilities and an improved revenue share make this an attractive package. One SWWIM wifi location allows you to learn how to build a new revenue stream.
Increase your year-round income with the SWIM business opportunity helping businesses improve their marketing efforts. This package includes 5 SWIM locations bonuses earnings for referring clients who purchase tax offices.
The best of all our white glove services are included in this package. Maximize your year-round income with 20 SWIM marketing locations, receive bonuses and revenue shares for referral offices.
Start or Grow Your Own Tax Prep Business with 1040TaxBiz
Find how to open or start an income tax preparation business, office, practice or service in the United States. For starting or opening your own location, there are a number of things you need to know and steps you need to follow to become a professional income tax preparer.
Opening or starting a tax prep office is made easier with 1040TaxBiz.
We customize training and resources to your needs.
Training is broken down into simple easy to learn steps.
First, we train clients and their staff on tax law, ethics, bank compliance, and tax office management. After learning tax law and ethical procedures, clients learn how to enter personal and small business tax returns.
Hands on training is the best!
We offer live webinars as well as online training support that can be accessed 24/7. We can also schedule one-on-one office and tax software training sessions.
We are located in Indianapolis IN.
Our training has a value of $2400, which is included in the package. We never charge you or your staff for training.
Ultimately our clients know the area where they would like to place an office better than 1040TaxBiz. All clients have access to our location search resources to find a space on their own. Start with one office and grow your business to multiple locations!
Location Search Training
Finding a location can seem a daunting challenge to some new business owners. 1040TaxBiz assists our Business and Corporate Package partners by suggesting locations. Learn about your competition through a market analysis that lists businesses that previously filed tax returns in a zip code and how many tax returns they transmitted.
If you find a great location that is accessible to a lot of customers but is a bit pricey, 1040TaxBiz can provide assistance with lease negotiation. 1040TaxBiz can give pointers on how to negotiate a better rental fee.
1040University offers a variety of classes to help build your tax business. Learn how to employ marketing tactics, utilize social media, and network with other businesses.
Live Marketing Webinars
Attending live marketing webinars give clients access to real-time ideas for promoting their businesses. Learn about designing guerilla marketing, advertising on social media, and creating effective flyers through questions and feedback from other clients.
Signage / Advertising
For a nominal fee, 1040Taxbiz offers eye catching banners and posters. Learn about other signage ideas in our webinars.
Establish office management routines and stick to them.
Routine tasks need routine procedures if you want to stay organized and keep things running smoothly.
Set up clearly delineated responsibilities.
Good office management depends on people knowing who is responsible for what – it’s people who are accountable who will get things done.
Keep records – and keep your business out of trouble.
Keeping records sounds like the easiest part of good office management – until you consider the need to keep those records both accessible and updated.
Frequently Asked Questions
Here are a few of the common FAQs that we receive, along with answers to the questions. Contact us if any of your questions are not answered here.
Is this a franchise?
No, we are more of a partnership than a franchise. You name your business, set your prices, set your work schedule, and choose your own location all without paying a franchise fee.
Can I work from home or do I need an office?
You can work from home, but with a brick and mortar tax office location, you can attract more clientele. Also, as long as you have internet you can access the software anywhere in the Continental U.S.
Do you offer financing?
If you contact one of our sales reps they can provide you with different payment options over the phone.
What kind of marketing do you provide?
We provide you with banners and posters. We also assist with marketing strategies that let you reach out to clients through various media (i.e. Facebook, Twitter, etc.…). If you want to purchase fliers and yard cards you can do so at your discretion.
How long does it take to get an IRS EFIN and PTIN?
- An EFIN can take up to 45 days from the time you turn in your fingerprint card.
- A PTIN takes up to 20 minutes from start to finish.