2. Providing tax preparation services
Industry: Accounting, tax preparation, bookkeeping and payroll services;
Ranking on Forbes’s list: #1;
Tax preparation, together with accounting, bookkeeping and payroll services is by far the most profitable industry in 2016, according to Forbes’s list. These businesses gain 18.3% profit margins on average. If you are a professional accountant, you will earn much more money if you start your own company than by having an accounting ‘9 to 5’ job at a corporation. Even if you are not a professional accountant, you can earn money from freelance tax preparation. After some time try to diversify your agency’s business by introducing virtual assistant or payroll services.
TaLaNoVa/Shutterstock.com
