How to Turn Your Part-Time Tax Business into a Full-Time Income

💼Bookkeeping services offer a stable monthly income and can generate long-term revenue from lifetime clients.

💸Tax resolution services help clients with complex tax matters, such as offer and compromise, and provide additional revenue after tax season.

💰Financial coaching allows you to help clients achieve specific financial goals and can bring in larger fees for your services.

📚Becoming an enrolled agent can enhance your tax resolution services and provide more credibility to your clients.

📣Utilizing social media platforms like Facebook, LinkedIn, and Instagram can help you attract clients and grow your tax business.

How can I incorporate bookkeeping into my tax business?

—You can offer bookkeeping services to clients on a monthly retainer basis, providing them with consistent monthly income while reducing your dependence on seasonal tax preparation work.

What is tax resolution?

—Tax resolution involves helping clients with more complex tax matters, such as negotiating with the IRS for lower tax debt through offers and compromises. This service can provide additional revenue after tax season.

How can I become a financial coach?

—To become a financial coach, you can develop a unique step-by-step process to help clients achieve specific financial goals, such as buying a dream home or wedding, and charge higher fees for your services.

What are the benefits of becoming an enrolled agent?

—Becoming an enrolled agent gives you the ability to handle more complex tax matters, such as offers and compromises, and provides credibility to your clients. You can self-study and take the exam to become an enrolled agent.

How can social media help grow my tax business?

—Utilizing social media platforms like Facebook, LinkedIn, and Instagram allows you to reach a wider audience, attract potential clients, and showcase your expertise. It is an effective marketing strategy for growing your tax business.

00:00Many people start a part-time tax business as a short-term income source, but it's essential to have a long-term plan for sustainable income.

02:10Offering bookkeeping services can provide stable monthly income and long-term revenue from lifetime clients.

03:29Tax resolution services, such as helping clients with offers and compromises, can generate additional income after tax season.

05:29Financial coaching allows you to help clients achieve specific financial goals and can bring in larger fees for your services.

06:32Becoming an enrolled agent enhances your tax resolution services and provides more credibility to your clients.

09:23Utilizing social media platforms like Facebook, LinkedIn, and Instagram can help you attract clients and grow your tax business.