Could Tax Preparation Be A Side Hustle?

By Chuck | May 12, 2016
Posted in: Misc

Have you heard the term “side hustle”?

It’s a fairly new phrase that refers to making extra money on the side. Side hustle could be extra money you earn while pursuing your passion or a way to delve into your passion by pursuing it on the side. Either way you look at it, tax preparation fits the bill for side hustle and in some cases is a complimentary service to many other careers.

For Stay at Home Moms

Tax preparation allows you the flexibility to work from home during the hours that you choose. It’s the perfect side hustle for moms looking to earn money while keeping their most important job (being a mom) at the forefront.

For Military Spouses

For military members and their spouses, relocation is inevitable. Finding a job or career you can take with you is not always easy to come by. Tax Preparation is a great option because of the portability! You can be a tax preparer anywhere – wherever there are U.S. taxpayers, there is a need for tax preparers. That includes bases overseas. And you can continue to service your clients via the internet, with email, Skype, FaceTime, etc.

For Travelers

Want to travel the world? Tax preparation is seasonal. Hunker down and work during January-April during tax season and spend the rest of the year traveling!

For Retirees

Retirees looking for a way to earn extra cash without committing to a schedule should take up tax preparation. It allows for summer free time with the grandkids and the flexibility to work when you want.

For Professionals

Tax preparation can be a great complimentary add-on service for professionals who are already in the financial industry. Financial Advisors, Accountants, Lawyers, and even Realtors can add some additional income by making tax preparation their side hustle.

For Entrepreneurs/Startups/Wantrepreneurs

Looking to start a business and pursue your passion but still need some sort of cash flow while you figure it out? Tax preparation can be a great option. Not only will it give you the flexibility to build your business because of its seasonal nature, it will provide you with a base of knowledge in tax law. Knowing tax law will help you make better business decisions and will save you some money come tax time.

Forget moonlighting. Pursue your passions while earning extra money by making tax preparation your side hustle. You may decide you like it so much it becomes your passion!


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