Tax prep business continues it’s nice growth ramp

Posted by on April 15, 2009 in Business Valuation [ 0 Comments ]

A common question I get is: What’s a good business to start?

Of course, this is one that involves saying “depends.”

But on Tax Day, I think there is something to consider; that is, a tax prep business.

In fact, according to a BizEquity research report, there’s been continued strength in the industry. For the past year, the valuations of tax prep firms has increased 9% (based on a sample of 35,000 companies).

Let’s face it, taxes are complicated – and things will likely not get any better. Besides, with the recent raft of new tax regulations, it’s even more important to have sage advice.

And, the good news is that with operators like H&R Block, it’s fairly straightforward to setup a franchise.

So, if you want to see the full report, you can check it out here.

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