Alas, tax season is upon us once again, but it doesn’t have to be taxing at all.
If you have noticed that your daughter has an uncanny knack for numbers and money, then put her noodle to work. Many taxpayers are overwhelmed with the daunting tasks of getting their information together for filing taxes. It can be a real headache. A headache your daughter can alleviate by organizing receipts by date and/or creating a filing system that will allow filing taxes to be smoother and less time-consuming.
This is a chance for your daughter to not only earn money, boost her confidence, and ignite an entrepreneurial spirit – but also gain experience. And consumers will be more than happy to avoid paying expensive and high tax prep fees. It’s a win-win for both your daughter and her customers!
Here are three easy ways to get started:
Create a flyer and share a benefit
One of the biggest things often missing from flyers are the specific benefits that a buyer gains. List one or two results that would happen if they book the organizing service – ie. more time on the weekend, less time in the bookkeeper’s office, less money at the accountants.
Your daughter will convince people to hire her by sharing these benefits. Yes, they might still need to hire an accountant or tax professional. But, if she can take work off their plate and show value for their time, it makes it easier to believe a young person is valuable.
No one likes to think about organizing for the tax season. But if you can focus on the benefits that they will gain..it makes it a bit less painful.
Start with organizing receipts
One of the most painful things to get your taxes organized is organizing receipts! Whether you are an entrepreneur who needs to itemize or an employee who needs to get reimbursed for work-related expenses, it can be painful to wade through a box or bag of receipts and organize them by date.
Yes, there are alot of apps that exist on the market that can help. But if someone can had the bag to your daughter, they can gain back time if someone else can scan the receipts and give them one spreadsheet with all of the information already organized.
Learn some basic bookkeeping principles
Google a few sites or watch a few Youtube videos about the basics of bookkeeping.
Your daughter doesn’t need to learn the differences between single entry or double-entry bookkeeping. It is strictly an opportunity to learn a few terms and understand how things like receipts, year-end statements, and other important documents need to be organized.
Let me encourage you to reach out to 10-15 people and have your daughter share her new business idea. This is often a time consuming part of running a business or doing tasks so she will be potentially helping many!
