Over 141 million individual tax returns were submitted in 2010. For the tax year 2010, 81.2% of tax returns were e-filed. Only 32% of people claim an itemized deduction, while 65.7% use the standard deductions. Learn about tax preparation franchises for sale below.
Filing taxes is an annual chore that few people look forward to completing. Of course, it’s important to file an accurate return, so this is something that people spend a lot of time on each year – even if they would rather be doing just about anything else. By opening a tax prep franchise business, you can take this unwanted chore off their plate so your customers can spend that time on other things critical to their business. But how do you convince people that it is worth their money to invest in a tax prep service when they could file on their own? Here are the top-selling points –
Getting It Right
No one wants to get on the wrong side of the IRS. Taxes can be complicated, and since they are only filed once per year in most cases, it’s hard for the average person to master the process. As an expert in tax prep, you can assure them that the forms will be filed correctly and no unwanted consequences will be waiting down the road. The promise of getting the details right will make it an easy decision for many people to pay for tax prep services from a professional.
Saving Time
For busy people, it’s hard to fit in tax prep work. Even if they don’t mind the task that much, the hours that it can take to complete the tax prep process may be hard to come by. Your service will save them that time in exchange for a reasonable fee.
Maximizing the Amount of a Return
It’s possible that your tax prep services will pay for themselves in the form of a more significant return. If you can track down deductions or credits that the individual would have missed when filing the return alone, catching those savings will make a choice to pay for tax prep services an obvious win.
