Every year, many tax professionals start their own tax practice. While they have many different motivations, and their firms take on different structures, many of these tax professionals agree: starting your own practice can be a rigorous but rewarding experience. How do you know if this is the right path for you and the right time to take this big step in your career?
We spoke to three tax professionals and QuickBooks ProAdvisors® who started their own practices. We wanted to learn about their motivations to go out on their own, the structures they chose for their businesses, the challenges they faced, and the advice they have for others who want to start their own practice. We asked them several questions you can also answer yourself. The most important question: Are you ready to start your own tax practice?