Tax Facts
Tax Preparation is a Vast and Booming Industry
Recession-Resistant Business
Unlike other industries, the tax-return preparation industry is resistant to recession. Regardless of the weather, the economy or the price of gas, millions of working Americans must file a tax return each year. They understand the importance of the April 15 tax filing deadline and react accordingly. For this reason, there will always be a need for tax preparers.
Increased Demand & Relentless Growth
Two things are certain in life, Death &Taxes. The tax industry is growing at an unprecedented rate. According to IRS estimates, The tax preparation industry is a solid add-on choice to your business! IRS data shows 223 million tax returns were prepared last year and this base is expected to grow to 250 million in the next few years. That is 19 million more tax returns! Cash in on this never ending opportunity.
Tax Professionals are in High Demand
The tax industry is enormous. In 2007, more than 134 million individual income tax returns were prepared and filed with the IRS. This huge number of tax returns represents incredible small business opportunities for vendors of Target Tax Preparation (TTP) because tax returns must be prepared and filed with the IRS-every single year.
Tax Refund loan is a win win situation.
A Tax Refund loan is also known as a refund anticipation loan. This is a loan that the client borrows against what they expect they will be receiving after they file their taxes for the year. This is how a refund anticipation loan works: A customer receives a loan with the anticipation that the refund amount they receive from filing their taxes will cover the cost of their loan and associated fees. This appeals to the customer, because they are able to get their money immediately without having to wait for the IRS to deposit it or send it in the mail.




