Finance Business Idea: Tax Accountant


Experience for Tax Accountant business:

You should have well knowledge on tax preparation, changing tax related laws towards the individuals, small or large business, Partnership, corporate etc…

Skill required for Tax Accountant business:

Financial Management, Tax Laws, Analytical skill, Tax Management, Professionalism, dependability, integrity and trustworthiness combined with a cooperative Attitude, Negotiation, Communication, Creative Thinking, Critical Thinking, Personal Presentation Skills, Verbal Communication, Effective Speaking, Active Listening, Reflecting, Innovation Skills, Risk Management, Decision Making, Managing the Event

Investment required for Tax Accountant business:

No Constraint…

Planning and Strategy required for Tax Accountant business:

  • You will be the self-employer to start a business as Tax accountant or Tax Consultant.

  • Among one of the scary confusing thing always a tax form fill up. So People are reluctant to take this financial tax calculation puzzle. Mostly they consult with one tax consultant who can make their job easier.

  • As a tax adviser, you should advice to the corporate regarding working for business clients to make sure they are not paying any more tax than is necessary.

  • Being able to work with a team. Having time management skills. Being able to retain historical facts.

  • As a tax adviser, you should advice to the individual regarding providing advice to individual clients, some of whom are private clients with large assets.

  • You have to do researching, analyzing and interpreting changing tax legislation for making more effective tax returns.

  • You should provide guidance on indirect taxation issues such as VAT, customs planning and environmental taxes etc…

  • Your role is to implement client’s engagements from start to finish (planning, executing, directing, and completing tax projects).

Location required for Tax Accountant business:

Location is not constraint. But mostly client location is your location.

Infrastructure required for Tax Accountant business:

Small office with basic facility like table, chair, cupboard, water facility, Telephone, Training manual, Computer, Printer, Fax, Existing and New client detail , Tax related books etc…

Cost / Return on investment required for Tax Accountant business:

  • You can get a good basic fee with a percentage of the amount you saved for your client.

  • Most of the cases you can take multiple clients to make more money.

Marketing / Selling required for Tax Accountant business:

  • Your clients can be individuals or businesses. Get yourself the business by placing ads in your local Yellow Pages and newspapers, networking with professional and small-business organizations in your area.

  • Direct-mail your brochures to local businesses or to individuals who have just moved to your area.

Challenge n Risk required for Tax Accountant business:

Challenge is here that how much you can save the tax return by your knowledge on the tax laws with your analytical skill.