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So you want to put up a Consultancy firm? by Jack Founder
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So you want to put up a Consultancy firm? |
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Business
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It is a well known fact that most individual who works for a living and business enterprises would have to pay taxes to the state or federal government. People like you who may have a degree and experience in accounting and finance, especially in the field of taxation, would be able use this knowledge to earn an income by setting up a consultancy office that handles tax preparation for business and tax preparation for individual worker. If you have the manpower and capital, you can extend your offers to include tax management services because there are small businesses that don’t have the capacity to set up its own finance management section. In starting this kind of business, it is prudent to initially make your home as your office. This will be economically advantageous for you since rent expense will be eliminated. Home based tax consultants can earn as much as two thousand dollars a month for a client of 20. This would go up to about 150% during the tax month of April. Setting up a home consultancy business is not that easy. There would be things to consider prior to opening this kind of a trade. The first thing to consider is training and certification. If you are an accountant and a CPA and a former worker handling business finance, this should be an easy road for you to take. Even if you already have the knowledge and experience in taxation, it would be to your credit to go on a tax and accounting seminar just to improve yourself and learn the current issues that involves accounting and finance. Second is having the basic equipment that is needed. A computer with an internet access is required. In earlier times, tax preparation and management was done manually but now that everything is hi-tech, data information and data storage are being done through a computer. Third are advertising and promotion and the amount that you will charge your client. Starting out a tax consultancy business at home might give you a problem in getting clients. The best thing to do is start looking for clients among your family circles and friends. These two groups of people will surely hire you and if the work done is satisfactory, they will surely tell others of your excellent work. Initially charge your clients with rates below the market standard. Go on social networking to introduce your business and perhaps create your own website and hire an SEO to promote your business. All of these considerations are a guarantee that your consultancy business would take off successfully.
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