Booming Industry
Over 134 Million Tax Returns
Tax professionals are in high demand. In 2006, over 134 million individual income
tax returns were prepared and filed with the IRS. This is an overwhelming number
of tax returns and a fantastic business opportunity for all Roni Deutch Tax Center
franchise owners because each and every year tax returns need to be prepared and
filed with the IRS.
Relentless Growth
The tax industry is growing at an unprecedented rate. According to IRS estimates,
the number of prepared tax returns will increase from 134 million now to over 146
million in the next 8 years. That is a jump of 12 million additional tax returns,
which is comparable to preparing a tax return for every man, woman, and child living
in the states of Wyoming, Vermont, North Dakota, South Dakota, Alaska, Delaware,
Montana, Rhode Island, Hawaii, New Hampshire, Idaho, and Nebraska. Take advantage
of this growing market. There is no better time to be a part of this flourishing
industry.
Increased Demand
Each year, more people are turning to tax professionals. In the year 2000, the IRS
reported that 56% of personal tax returns filed were professionally prepared. This
percentage has grown each year and is currently 62%. This is a 6% jump in less than
a decade. This number is projected to continue to grow. Similar to Roni's experience,
more people are seeking tax professionals that can provide accurate and competent
tax service. With this demand and the name "Roni Deutch" you have a built in business
opportunity.
Recession Resistant
Unlike other industries, the tax return preparation industry is recession resistant.
Regardless of the weather, the economy or the price of gas, each year Americans
must file a tax return. Everyone understands the significance of April 15th. Filing
a tax return is mandatory for the millions of working taxpayers across the country.
This IRS requirement reduces the danger of obsolesce.