Many of us want to work from home because of personal choice or family responsibilities. Because of the Internet, many online opportunities are now available. 1040TaxBiz has developed an Internet-based online system that makes it much easier to start and run a small tax preparation business from home.

How To Start A Bookkeeping, Accounting or Tax Preparation Business From Home

Whether you are starting a bookkeeping, accounting or tax preparation business from home, many of the ideas, concepts, tools and activities are very similar. A bookkeeper is a person who records the day-to-day financial transactions of a business. A tax accountant examines financial and tax statements to ensure that they are accurate and comply with tax laws and regulations. A tax preparer gathers tax information for an individual or business, fills out tax forms and files those forms with the appropriate government agency, such as the IRS (federal) or Georgia Department of Revenue (state). These activities could all be performed by the same person. The primary difference is the amount of knowledge, experience and certifications required for each. A tax preparer needs some knowledge of basic math, tax forms and filing processes. He / she also needs to be registered with the agency (such as the IRS) that the tax forms are being filed with. A bookkeeper needs to understand best practices related to data entry. It would also be useful to be certified with Quickbooks accounting software since this is the most common choice of small businesses. A Certified Public Accountant (CPA) needs to be very familiar with tax laws and financial practices. He / She has to have at least a bachelor's degree with a focus on accounting and business, pass the CPA exam, pass the Ethics exam, obtain experience as an accountant, and be licensed through a specific state as a CPA.

Once the core requirements for being a bookkeeper, accountant or tax preparer have been met, the remainder for starting and running a small business from home are essentially the same. The basic steps are listed below.

Step 1: Identify Why You Are Starting A Business From Home

Understanding why you are in business is much more important that what you do or how you do it. Watch this video for more information.

Step 2: Identify Your Customers

Those who shop at Saks Fifth Avenue and Neiman Marcus are usually not the same group of people who shop at Big Lots or Goodwill. Identify what your potential customers need and want. Which is more important: price or service? Are they looking for a CPA or a tax preparer? Who is your ideal customer? The better you understand the wants and needs of your potential customers, the better your chances of becoming successful.

Step 3: Identify The Products And Services Being Offered

Based on your level of knowledge, experience and certifications in the tax industry, offer a specific set of products and services. A bookkeeper would offer services geared more towards data entry where a CPA would offer services related to financial advice and consulting. It is also important to develop products and services that fulfill the needs of your customers. 1040TaxBiz can help you determine, design and develop the products and services related to the tax business that are best for you.

Step 4: Choose A Business Location

Since you will be working your business from home, you need to decide if you will be going out to see your customers or if your customers will be driving to see you. If they drive to you, you need a home office that is functional and looks professional. If you drive to them, you need to be able to perform all your tasks with a cell phone and laptop. You also need reliable transportation and a meeting location.

Step 5: Finance and Setup The Business

There are certain things you need to run a business, such as computers, software, Internet, printer, scanner and supplies.

Step 6: Market The Business

You now need customers to buy your products and services. As a business owner you need to find ways to pull in customers. There are numerous options, but not all are effective. With decades of experience as a successful business owner in the tax industry, 1040TaxBiz can help you market the tax business you run from home or small office.

Step 7: Maintain and Grow The Business

A business changes over time because you learn new things and have identified new business opportunities. 1040TaxBiz is your business partner. Leverage the products and services offered to grow your business.

Home-Based Tax Business Opportunities For Sale, 1040TaxBiz

The Home-Based tax preparation program developed by 1040TaxBiz gives everyone the opportunity to start their own tax business from the comfort of their own home. This program was designed for someone wanting to prepare taxes from their home office. You get everything needed to professionally prepare taxes.

  • Online training
  • Marketing tools
  • Client management
  • 100% web-based (online)
  • Customer and technical support
  • Bilingual support (English and Spanish)
  • Available in all US states and territories
  • Bank enrollment and registration assistance
  • IRS enrollment and registration assistance (EFIN and PTIN)
  • and much more.
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