Between the television commercials, news articles,and blog posts.. I have a feeling that it’s finally tax season. Why would I say finally? Well, because I’ve literally been thinking about this tax season for a year now. I work as a CPA by day and specifically in tax. Ever since leaving my first job in public accounting, I’ve been contemplating starting my own accounting business on the side. I actually enjoy preparing tax returns but I hated working in a large firm setting.
Where We’re At
After finally deciding to take the plunge, I hired a business coach. Her advice was worth every penny. It was so nice to have someone experienced to bounce ideas off of and make sure I was on the right track. After speaking with her I began the process of becoming a sole proprietor CPA. This required me to complete two registrations with the IRS and one with my home state. It was a little intimidating and took about 1.5 months to complete. It felt like forever : ) I also hired a graphic designer on Fiverr to make me a cute little logo. It turned out beautifully. You really can’t beat $5.
This week I published a status on my personal Facebook page letting my friends and family know that I was available for tax prep this year. I got a fairly good response. I had a few people email me and I am hoping that at least two of them will hire me. I think my rates may have surprised some of my friends. I’m guessing that most of them go the DIY approach when it comes to filing their income taxes. That’s totally fine. However, I think they are comparing my rates (as a service provider) with the cost of purchasing tax prep software ($40-$50). They are truly two different things and obviously hiring someone to do the work is going to be more expensive. While I may cost more than software, I know my rates are extremely competitive. I’ve done my research.
What I’ve Learned
I’ve learned a lot through starting this business. The biggest thing I’ve learned is that I need to be confident in myself. The most stressful part of starting this business was the anxiety I felt about advertising it on Facebook. Turns out that my friends were very supportive and I don’t know why I was so worried about what they’d think. I’ve also discovered that I feel much more peaceful since starting this little business of mine. It feels so liberating just go for something you want. Who really cares about what others think! I’m going to stop worrying about what other people think and just worry about what I feel for now. I believe that my business will be a success. I believe that I can provide an excellent service and with that, my business will do well.