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  1. #1
    Berry18 is offline Junior Member
    Join Date
    Jun 2007
    Posts
    18

    Tax Preparation Business

    My idea is VERY simple; Over the past years i hear many cases where people hated going to H&R Block or some other places to get their taxes because either they had to wait or they had to return home to get more documents. Also, sometimes you are just unable to make it to the office because of the kids....College students often struggle with taxes and are unaware how to maximize their refund legally..

    Those other tax services charge upwards of $200+ to have an instant refund (RAL) or can charge 125+ to have a rapid refund (RF)

    My tax service would charge flat rate
    $70 for simple returns
    $80 for simple return + Rapid refund
    $90 for simple return + Instant Refund
    **complex returns would be decided on a case by case basis**
    College Students flat rate of $40 (RF)

    You can also make appointments for us to come to where you are (whether its at home or on your lunch break)...I am thinking about charging an extra $5 for this service
    -------
    I've been doing my family & friends taxes since I was 16. Instead of attending summer classes; I went and got my tax prep certification from National Tax School (I am thinking about attending H&R Block also just in case I missed something)

    I already have my EFIN
    I also have the bank I am going to work through (approved)
    I know which software I am going to use

    Basically everything is in order; I just want to know do you think this could work?
    Last edited by Berry18; 07-19-2009 at 02:01 PM.

  2. #2
    rookietrader's Avatar
    rookietrader is offline Junior Member
    Join Date
    Oct 2009
    Location
    atlanta, ga
    Posts
    37
    Quote Originally Posted by Berry18 View Post
    My idea is VERY simple; Over the past years i hear many cases where people hated going to H&R Block or some other places to get their taxes because either they had to wait or they had to return home to get more documents. Also, sometimes you are just unable to make it to the office because of the kids....College students often struggle with taxes and are unaware how to maximize their refund legally..

    Those other tax services charge upwards of $200+ to have an instant refund (RAL) or can charge 125+ to have a rapid refund (RF)

    My tax service would charge flat rate
    $70 for simple returns
    $80 for simple return + Rapid refund
    $90 for simple return + Instant Refund
    **complex returns would be decided on a case by case basis**
    College Students flat rate of $40 (RF)

    You can also make appointments for us to come to where you are (whether its at home or on your lunch break)...I am thinking about charging an extra $5 for this service
    -------
    I've been doing my family & friends taxes since I was 16. Instead of attending summer classes; I went and got my tax prep certification from National Tax School (I am thinking about attending H&R Block also just in case I missed something)

    I already have my EFIN
    I also have the bank I am going to work through (approved)
    I know which software I am going to use

    Basically everything is in order; I just want to know do you think this could work?
    i've thought about the same idea. which tax software are you going with? my issue would be you can go to people office or meet up with them at there home but you need to copy and print documents for them to sign? how would you do that? you would go back to there house the next day or do you have a portable printer/scanner? also i live in the atlanta area...not sure i would want to go to any and everyone's house. some people are crazy. doesnt seem safe. but meeting them at there place of employment would be fine or meeting at a coffee shop. would this business still be professional if you dont have an office? also i think those fees are a little low if you are traveling to someone's house or job. and i've looked at drake tax software...they charge $19 for e-file for each tax return. i really think you fees are a bit low imo.

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