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Tax preparation can be an intimidating thing for the average American. Guiding them through this process, as painlessly as possible, is the role of an income tax franchise. If you like the idea of using your know-how of taxes and finances to help others, this is a great business option. Not only is it a business that is essentially recession proof, but it also allows you to extend your professional expertise to assist clients in your community.
Did You Know?
Income tax revenues are forecasted to increase to $2.71 trillion by 2027.
SOURCE: SOURCE: U.S. Congressional Budget Office
The IRS estimates that almost 60% of taxpayers use a tax return preparer.
SOURCE: SOURCE: U.S. Treasury Department
The average cost of professional tax preparation is $261.
SOURCE: SOURCE: National Society of Accountants (NSA)
The tax preparation services industry experienced average growth of 5.7% from 2012 to 2017.
SOURCE: SOURCE: IBISWorld
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