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Ok, so I'm thinking of starting a business where I do other people's tax returns. I'm in school for accounting. I've learned how to do personal and corporate tax returns. I want to do this more for the experience and less to make money (I may offer my services for free).
I know a lot of people my age (early-twenties) who get their taxes done by H&R Block and pay ~$35 for something that takes a whole fifteen minutes. Most of the people I know have their one T4...maybe a T5...and maybe their T2202a (tuition), so doing their taxes would be pretty simple.
I wouldn't want to do anyone's taxes who is dealing with RRSPs or anything more complicated because of my lack of experience.
I plan on setting up a simple website where people can make an appointment with me, learn about exactly what I do, etc. And then just pimp out the website on facebook, as I figure I'd only offer to people I know...or friends of friends, to start.
So I have two questions:
a) Do you think people will be comfortable having their taxes done by someone who isn't a "professional"? Are people uncomfortable letting others know how much they make?
b) Does this plan sound reasonable? Any ideas/suggestions? Am I way out to lunch with this?