7 Most Profitable Businesses With Low Startup Costs In 2020

5.Tax Preparation

Millions of people in the United States and other countries have a problem with filing their tax returns and even preparing their tax papers in the first place. Most of these people cannot hire a professional accountant, yet fear running afoul of the IRS; but you can help and make good money in the process. Millions of individuals and small businesses will be willing to hire you for a good fee if you are good with tax preparation and filing.

With millions of potential clients to serve, you could make this a low startup business by printing cards and setting up a service website as well as putting out the word in your neighborhood about what you do. With bookkeeping and auditing skills as well as legal knowledge of what obtains in your state of operation, you stand to grow your business every tax season and with time, people and businesses may begin to even consult you on tax matters for a juicy fee.