start a tax preparation business

The rise of fast-speed internet, multi-function smartphones, and reliable laptops gave way to a new type of industry—the home-based work industry. Since 2013, there has been an increase in the number of U.S. citizens that work remotely or from their home.

Accessibility to affordable and reliable internet connections and better work machines gave the opportunity for workers to complete tasks without the office. Working from home paved the way for workers to build an online business by becoming service providers.

One of the great advantages of working from home is being able to follow CDC guidelines of staying at home during the pandemic. When the World Health Organization (WHO) declared COVID-19 as a pandemic, everyone was asked to stay inside their homes.

Employees were not able to work. Businesses were not earning enough to stay open. Some employers had no choice but to reduce the pay of some workers. Others needed to let go of their employees until the business can bounce back.

There is a silver lining. You can still get a home-based job and build a business at this time. You may think that it’s difficult, but all it takes is research and perseverance. Here’s a list of what you need to start your online career (and business).

1.  Reliable internet connection

The first essential infrastructure you need is a reliable internet connection. You don’t need to spring for a high-speed internet immediately.

The keyword is “reliable.” As long as you have a stable internet connection that can accommodate basic programs like internet browsers, communication tools, and productivity tools, then you’re good to go!

2.  Laptop or Personal Computer

Next, you need a sturdy device to conduct your tasks in. In some cases, a good tablet or smartphone can do the trick. However, it’s better if you invest in a laptop or personal computer. It doesn’t have to be a high-end device either. As long as it can perform the tasks you need for the job, it’ll be fine.

Other home-based jobs such as SEO consultants, IT professionals, or tax preparers may need some specifications based on the tools that need to be installed on your computer.

3.  Knowledge on the Home-based Job

The next step is to learn all you can about the home-based job or career that you are aiming to get. There are many tutorials available on reputable websites and online courses that you can take advantage of.

If you’re planning to start a business as a service provider, look for online jobs such as IT professionals, online sellers, and tax preparers. If you know how to code or design websites, you can step it up by learning from Udemy and Coursera. There are free courses available online.

There are many blogs and video tutorials on how to become an online seller. You can learn more about how to start a tax preparation business by attending the IRS Annual Filing Season Program.

Learn all you can from the available resources. Put all of it on your CV. Don’t forget to include all the skills that you already have from your previous work experiences.

4.  Other Tools

Depending on the online career you want, you also need basic tools such as headsets, graphic tablets, extra monitors, or dedicated microphones. Programs such as video editing, audio editing, tax preparation software, and CRM tools may be needed as well.

You don’t have to spend and buy all those tools immediately. Focus on what tools you have now and then slowly invest in the tools you need in the future.

It’s not a surprise that online careers are slowly on the rise. Getting the freedom to work anywhere and anytime helps with your productivity. You can also live a well-balanced life: juggling your personal and professional life without comprising time and location.

Think about it and you can start your online career soon!

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