PTM 024 – Unemployed Accountant? Here’s How to Start a Tax Preparation Business

Part Time Money PodcastToday's episode is with Vincenzo Villamena, owner of Online Taxman. With tax season just around the corner, I thought this would be a good interview to share.

Vincenzo has prepared taxes for friends and family in the past, but never really taken his skills to an entrepreneurial level. In the Summer of 2010, his employer was running into financial troubles so he was laid off. He started looking for work, but also started Online Taxman. In the interview, Vincenzo shares how to start a tax preparation business.

Listen to the Podcast

Play

Some more highlights from the interview:

  • Why you should start your own service instead of going with a franchise?
  • How to build the website.
  • How to deal with overflow business.
  • Why you should specialize.
  • Why you should use Google Adwords.
  • How to market through companies with affiliate relationships.
  • How to setup an online quote system.

Mentioned in the podcast: The 4-Hour Workweek

Full transcript coming soon.

Join 38,500 subscribers improving their financial life.

Subscribe for free. Get my book (31 Days to Improve Your Financial Life), intro series, and article digest.

Powered by ConvertKit
Last Edited: July 25, 2017 @ 5:24 pm
About Philip Taylor

Philip Taylor, aka "PT", is a former practicing CPA, blogger, podcaster, husband, and father of three. PT is also the founder and CEO of FinCon, the conference and community dedicated to helping other financial influencers and brands. He created this website back in 2007 to share his thoughts on money, hold himself accountable, and to meet others passionate about moving toward financial independence.

PT uses Personal Capital to keep track of his financial life. This free software allows him to review his net worth regularly, analyze his investments, and make decisions about his financial future.

PT keeps a portion of his emergency fund in Betterment, the automatic investing tool that makes investing super simple. Betterment focuses on what matters most: savings rate, time in the market, investing costs, and taxes. PT recommends this service to anyone looking to get started investing for themselves.

All the content on this blog is original and created or edited by PT.

Comments

  1. Expatriate from the US says:

    Such an inspiring story. I met several people who were in a similar situation but they didn’t take it as a failure. They built a new career for themselves.

  2. This is an awesome example of taking a skill and passion and building a business around it.
     
    So many people default to just trying to find another job without evaluating whether or not it’s feasible to create their own source of income.