In April of this year, Forbes posted an article to its site entitled “The Most Profitable Small Businesses” in which authors Brett Nelson and Maureen Farrell listed the 20 most lucrative entrepreneurial ventures in this current economy. Offices of Certified Public Accountants, other accounting services, and tax preparation services ranked in 1st, 3rd and 5th place respectively. Nelson and Farrell explain, “The data are drawn from financial statements on nearly 300,000 companies, most with under $10 million in annual revenue… The figures were gathered between 2000 and 2009, to capture an entire billing cycle.”Forbes is not alone is awarding financial services a high ranking. The US Department of Labor has reported that accounting jobs will increase by 22% between 2008 and 2018! They explain, “As the economy grows, the number of business establishments will increase, requiring more accountants and auditors to set up books, prepare taxes, and provide management advice. As these businesses grow, the volume and complexity of information reviewed by accountants and auditors regarding costs, expenditures, taxes, and internal controls will expand as well.” Regardless of current unemployment rankings and what may feel like a never-ending recession, the future is bright for freelance accountants and tax preparers!In order to attract skilled and experience bookkeepers and accountants, many firms are offering higher salaries and more appealing benefit packages. When companies cannot find the applicants they need, they’ll look to skilled and reputable freelance accountants and tax preparers to step in and provide the services required. These proactive professionals can get a foot in the door before the hiring process even begins. This is the time when financial professionals can leverage this advantage, get high-profile clients, and request higher fees.
Universal’s Training Programs Can You Launch a Profitable Accounting and/or Tax Practice
Start-up costs for an accounting and tax practice are minimal. You can begin part-time and work from home. In a market pining for accountants and bookkeepers, you’ll quickly build the client base that will allow you to work full-time and enjoy the lifestyle of which you’ve always dreamed.
Universal’s Professional Bookkeeper Program (PB) will train you in the practical application of small-business accounting, while enabling you to earn a professional designation, which demonstrates your expertise and true professionalism. Not only that, but the PB Program will also train you to market your practice, eliminating the competition because of the unique and valuable services you offer clients.
And why not offer more than just accounting services? Many people would like to find a one-stop financial provider where someone will meet their accounting and tax needs. By learning how to prepare individual and business returns you will become a full-service financial provider. Not only that, but the income potential for tax preparers is significant. You can charge $100 + per hour for your tax services!
Like the PB Program, Universal’s Professional Tax Preparer (PTP) Program enables you to earn certification that can put your clients at ease, especially in this day and age of changing tax law and occasional fraud committed by paid tax preparers.
We’re in the business of seeing individuals like you successfully launch and/or grow their own accounting and tax practices. But don’t take our word for it. Read from the many testimonials we have received from students, thanking us for the training that has helped them gain the knowledge, skill and confidence necessary to earn promotions, start their practices, and/or secure more clients. Enroll in one of these valuable programs today!Resources Nelson, Brett and Maureen Farrell. “The Most Profitable Small Businesses.” 15 April 2010 Forbes.com“Accountants and Auditors,” US Department of Labor