Tax Service Business

2 Tax Service Business Success Stories [2024]

Pat Walls

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Updated: October 6th, 2024

A tax service business helps individuals and businesses prepare and file their tax returns accurately and efficiently. This business typically offers tax preparation, tax planning, and consulting on tax-related matters.

To run a successful tax service business, it is essential to stay up-to-date on the latest tax laws and regulations and any changes that may affect your clients. You should also invest in reliable tax preparation software and thoroughly understand how to use it.

Another key to success in this business is building strong relationships with your clients. This may involve offering personalized services and being available to answer questions and provide guidance throughout the tax preparation process.

Marketing and networking are also crucial for attracting new clients. This may involve utilizing social media, creating a website, and attending local business events.

Overall, a tax service business can be a rewarding and lucrative opportunity for entrepreneurs with a strong understanding of tax laws and a dedication to providing excellent customer service.

In this list, you'll find real-world tax service business success stories and very profitable examples of starting a tax service business that makes money.

1. Gauvreau Accounting Tax Law Advisory ($4.44M/year)

Robert Gauvreau, founder and CEO of Gauvreau Accounting Tax Law Advisory, started his business in 2008 with just three employees and $220,000 in revenue. Over the years, through innovation and a focus on proactive financial services, the company has grown exponentially, now generating over $10 million in revenue and employing 90 to 100 people. Gauvreau's goal is to continue scaling the business and reach $200 million in revenue within the next ten years.

How much money it makes: $4.44M/year
How many people on the team: 80

Our Accounting Tax Law Advisory Firm Will Surpass $10M Revenue in 2023

Gauvreau Accounting Tax Law Advisory has gone from $220k in revenue in its first year to over $10 million with 90-100 employees, offering compliance solutions, strategic financial advisory services, leadership coaching, and specialized tax, wealth management, and business financing services; their primary goal is to positively empower business owners to maximize their impact in changing the world, and they plan to go from $10 to $200 million revenue in the next ten years.

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2. Divly ($120K/year)

Carl, one of the co-founders of Divly, came up with the idea for the business after experiencing the difficulties of declaring taxes on his cryptocurrency gains. He saw that the existing solutions were heavily focused on the US and saw an opportunity to create a more practical and localized solution. After building a beta version in just two months, they launched in time for the Swedish tax season and used content marketing, partnerships, and an affiliate program to attract and retain customers.

How much money it makes: $120K/year
How many people on the team: 3

How We Built A $100K/Year Crypto Tax SaaS (In Just 1 Year)

Divly is a startup that helps customers calculate and pay taxes on their cryptocurrency gains, with a revenue of $50k since launching and a plan to expand into multiple markets for 2023.

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