Startup cost: $500 - $5k

Low-end estimate includes basic tax software ($200), a reliable computer or laptop if not already owned ($300), and minimal marketing costs like business cards or a simple website ($100). This setup is for someone leveraging free resources and word-of-mouth marketing. High-end estimate covers professional tax software with more features ($1,000), a high-quality computer or laptop ($1,500), professional website development and SEO services ($1,000), marketing and advertising on social media platforms ($500), and professional liability insurance ($1,000). This setup is for someone aiming to establish a more robust and professional presence from the start. Essential costs include tax software and a computer. Optional costs are advanced marketing, professional website, and insurance. Hidden fees might include software updates or additional training courses. Online communities often suggest that while starting costs can be low, expenses can increase as the business grows and more professional tools and services are needed. For someone serious about this side hustle, budgeting on the higher end ensures a smoother operation and better client acquisition.