Starting a home bookkeeping business

[bibit612]

Look into being an S-corp as opposed to being an LLC. You can deduct many expenses you cannot in an LLC through an S-corp but you will be filing a different tax-return (a K1 I believe instead of your normal 1040 with a Schedule C). You will need to analyze costs and benefits in each regarding SS taxes, SEP contributions (remember you will lose your ability to have a 401K by being self-employed). Lotsa lotsa FUN reading!

Happy happy JOY JOY!

[CTR36]

Thanks so much to those of you who responded and sent me a direct message. I really appreciate your help. CD is AWESOME

[MissShona]

It may also help to become a certified bookkeeper...

American Institute of Professional Bookkeepers (AIPB), the bookkeeping profession's association recognizing bookkeeping as a profession and bookkeepers as professionals, and certifying those bookkeepers who meet high, national standards.

[CTR36]

Thanks MissShona. Another poster suggested that as well. And I will most definitely do that.
I am thinking about going back to school to take the classes needed to take the CPA exam.
All of your comments and recommendations will be taken to heart.

[Tammy Smith]

The best help I found was reading books on bookkeeping from home. The one with the most detail and down to earth style on starting a bookkeeping business was from a book called "How to open your own in-home bookkeeping service 2nd Edition" by Julie Mucha-Aydlott. I got it through Amazon and found it through an article from Paul and Sarah Edwards at entrepreneur magazine.com which linked to the authors website
http://www.inhomebookkeeping.bizland.com she actually responded to my emails and answered my questions even before i bought the book which shocked me. Also, read Successful QuickBooks Consulting also available on Amazon which was really informative as well.

Right now there is a lot of competition because of people getting laid off, so the best suggestion I can make is to make sure you are attentive to your clients needs and network!
Tammy