8 Tax Service Business Success Stories [2024]
A tax service business helps individuals and businesses prepare and file their tax returns accurately and efficiently. This business typically offers tax preparation, tax planning, and consulting on tax-related matters.
To run a successful tax service business, it is essential to stay up-to-date on the latest tax laws and regulations and any changes that may affect your clients. You should also invest in reliable tax preparation software and thoroughly understand how to use it.
Another key to success in this business is building strong relationships with your clients. This may involve offering personalized services and being available to answer questions and provide guidance throughout the tax preparation process.
Marketing and networking are also crucial for attracting new clients. This may involve utilizing social media, creating a website, and attending local business events.
Overall, a tax service business can be a rewarding and lucrative opportunity for entrepreneurs with a strong understanding of tax laws and a dedication to providing excellent customer service.
Here are some real life success stories of starting a tax service business:
1. Divly ($120K/year)
Carl, one of the co-founders of Divly, came up with the idea for the business after experiencing the difficulties of declaring taxes on his cryptocurrency gains. He saw that the existing solutions were heavily focused on the US and saw an opportunity to create a more practical and localized solution. After building a beta version in just two months, they launched in time for the Swedish tax season and used content marketing, partnerships, and an affiliate program to attract and retain customers.
How much they make: $120K/year
Current team size: 3
Divly is a startup that helps customers calculate and pay taxes on their cryptocurrency gains, with a revenue of $50k since launching and a plan to expand into multiple markets for 2023.
So... can you actually make money with a tax service business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
2. Gauvreau Accounting Tax Law Advisory ($4.44M/year)
Robert Gauvreau, founder and CEO of Gauvreau Accounting Tax Law Advisory, started his business in 2008 with just three employees and $220,000 in revenue. Over the years, through innovation and a focus on proactive financial services, the company has grown exponentially, now generating over $10 million in revenue and employing 90 to 100 people. Gauvreau's goal is to continue scaling the business and reach $200 million in revenue within the next ten years.
How much they make: $4.44M/year
Current team size: 80
Gauvreau Accounting Tax Law Advisory has gone from $220k in revenue in its first year to over $10 million with 90-100 employees, offering compliance solutions, strategic financial advisory services, leadership coaching, and specialized tax, wealth management, and business financing services; their primary goal is to positively empower business owners to maximize their impact in changing the world, and they plan to go from $10 to $200 million revenue in the next ten years.
5. Department of Taxation and Finance
Welcome to the official website of the NYS Department of Taxation and Finance. Visit us to learn about your tax responsibilities, check your refund status, and use our online services—anywhere, any time!
Where they're located: Manhattan Community Board 1, New York, USA
Website traffic: 5.16M/month
So... can you actually make money with a tax service business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
7. Tax Preparation Services Company
Need help with tax preparation? H&R Block offers a wide range of tax preparation services to help you get your maximum refund.
Where they're located: Mobile, Alabama, USA
Website traffic: 4.38M/month
8. National Board of Revenue (NBR), Bangladesh
Where they're located: Dighalia, Dhaka Division, Bangladesh
Website traffic: 80K/month
- 4,818 founder case studies
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- 8,628 business ideas
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
