8 Tax Consulting Business Success Stories [2024]

Pat Walls

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Updated: December 9th, 2023

Start A Tax Consulting Business

A tax consulting business involves providing tax preparation, planning, and advisory services to help clients manage their financial obligations and opportunities.

As a consultant, you use your expertise to oversee tax filings, maximize returns, and minimize liabilities while identifying legal savings strategies.

Given the complexity of tax codes, the demand for specialized guidance tailored to individual situations creates a great opportunity for building a successful practice.

If you have strong financial acumen, a tax consultancy presents a versatile business model that combines vital compliance services with year-round planning and advisory services, leading to robust revenue potential.

Here are some real life success stories of starting a tax consulting business:

Learn more about starting a tax consulting business:

Where to start?

-> How much does it cost to start a tax consulting business?
-> Pros and cons of a tax consulting business

Need inspiration?

-> Examples of established tax consulting business

Other resources

Part of

Starting A Tax Consulting Business: Everything You Need To Know

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1. SimplySolved ($6M/year)

Haroon Juma, founder and managing director of SimplySolved, came up with the idea for his business when taxes were introduced in the GCC in 2017. Recognizing that many companies would struggle to manage their operations and legal obligations, he saw an opportunity to provide a simple all-in-one solution. With a deep understanding of good service design and operational know-how, Haroon started the company and has since grown it to manage over 300 companies, with a revenue of $4 million per annum and an annual growth rate of 40%.

How much they make: $6M/year
How much did it cost to start: $500K
Current team size: 27

Building A $4M/Year Company For SMEs: A Slow And Sustainable Growth Approach

Dubai-based SimplySolved has flourished since it was founded six years ago, thanks to its ISO certifications and skilled team. It manages more than 300 companies, handling all aspects of their back-office operations, and turns over $4m annually, experiencing growth of 40% a year, while retaining 4.9 out of five in Google rankings. Founder Haroon Juma says a solid platform, automation and providing a seamless user experience were among his priorities when launching.

About

Haroon started SimplySolved almost 7 years ago

Revenue

Haroon grew the business to $500K/month

Costs

It cost Haroon $500000 to start the business

Read this case study

Read by 1,364 founders

4. incfile

Start your business today for as little as $0 + state fees. Incfile helps you quickly and easily create your LLC or other business entity. Learn more.

Where they're located: Columbus, Georgia, USA
Website traffic: 860K/month

5. Ryan

Ryan is a global tax services, software, and technology firm providing an integrated suite of federal, state, local, and international tax services.

Where they're located: Garland, Texas, USA
Website traffic: 100K/month

6. O'Connor

Texas property tax protest provider - expert tax consultants providing property tax reduction services for both residential and commercial property owners.

7. Paddle

Helping B2B & B2C SaaS increase global conversions, reduce churn, stay compliant, and scale up fast

How much they make:
Website traffic: 1.4M/month

8. KPMG

KPMG is a global network of professional firms providing Audit, Tax and Advisory services.

Website traffic: 620K/month