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Looking for side hustles for accountants?
Whether you’re a recent graduate or a seasoned professional, chances are you’ve considered picking up a side hustle at some point. After all, who couldn’t use a little extra cash? And with the rise of the sharing economy, there are more opportunities than ever to get started.
5 Clever Side Hustles for Accountants
If you’re an accountant, you may be wondering if there are any side hustles that are particularly well-suited for your skillset. The good news is that there are plenty of options out there. Here are just a few ideas to get you started:
1. Offer tax preparation services
This is a great option if you’re already familiar with the tax code and have experience preparing returns. You can offer your services to individuals or businesses, and you can even set up a website to market your business.
How much do tax preparation service businesses earn?
The average salary is around $51,000/year for tax prep, according to the U.S. Bureau of Labor Statistics.
This is a good job for accountants that have a tax background. You can do this throughout the year or, what a lot of accountants do is just work during tax season, like from January through April and then take the rest of the year off.
2. Provide bookkeeping services
This is another service that businesses of all sizes need, and it’s something that you can easily do from home. There are a number of software programs available that make bookkeeping simple, so you don’t need to be an expert to get started.
How much do bookkeepers earn?
Bookkeepers earn an average of $18.45/hour, according to Payscale.
3. Offer financial consulting services
If you have experience in the financial industry, you may want to consider offering your services as a consultant. You can help businesses with everything from budgeting to investment planning.
How much do financial consultants earn?
Tax consultants can earn an average of $70,000/year. Financial consultants that specialize in other areas like financial planning will earn a different amount.
4. Start a blog about personal finance.
Do you have advice about saving money or investing wisely? Why not start a blog and share your tips with the world? You can even make money from your blog through advertising or affiliate marketing.
How much do personal finance bloggers earn?
Personal finance bloggers can make up to $3,500 to $15,000 per month but, this isn’t the norm.
While some bloggers are able to make a full-time income from their blogging, others may only earn a few hundred dollars per month. The amount of money that a personal finance blogger makes depends on a variety of factors, including the niche they blog in, the number of readers they have, and the amount of work they put into their blog.
Niche is one of the most important factors in determining how much a personal finance blogger makes. Bloggers who write about money management and investing tend to make more money than those who write about other topics, such as budgeting or saving for retirement.
This is because there are more opportunities for monetizing a money management blog, such as through affiliate links or selling products.
Additionally, readers of money management blogs are often more engaged than readers of other types of blogs, which can lead to higher ad rates.
The number of readers a personal finance blogger has is also a major factor in determining earnings. Bloggers with a large following can command higher ad rates and may be able to sell products or services directly to their readers. However, even a small personal finance blog can be profitable if the blogger is able to attract a dedicated readership.
Finally, the amount of work a personal finance blogger puts into their blog also has an impact on earnings. Bloggers who post regularly and provide valuable content are more likely to earn more than those who do not put as much effort into their blog. Additionally, bloggers who are able to build a strong relationship with their readers are more likely to see success in the long run.
Overall, there is no one-size-fits-all answer to the question of how much personal finance bloggers make. The amount of money a blogger can earn depends on many factors, including niche, readership, and work ethic. However, with dedication and hard work, it is possible for personal finance bloggers to make a full-time income from their blogging.
5. Offer financial coaching services.
If you’re good at helping people manage their money, you may want to consider becoming a financial coach. You can help people get out of debt, save for retirement, and make other smart financial decisions.
How much do financial coaches earn?
This is a difficult question to answer, as there is no set salary for financial coaches.
Instead, their earnings depend on various factors, including their experience, the number of clients they have, and the location in which they work. That said, financial coaches can typically expect to earn anywhere from $30,000 to $100,000 per year.
Financial coaches with extensive experience and a large client base can earn towards the higher end of this range, while those who are just starting out or working with fewer clients may earn closer to the lower end. Similarly, financial coaches who work in high-cost areas such as New York City or San Francisco will likely earn more than those who work in smaller cities or towns.
Ultimately, the amount a financial coach makes depends on a number of individual factors. However, most coaches can expect to earn a comfortable salary that allows them to live a modest lifestyle.
There are endless possibilities when it comes to side hustles for accountants. So if you’re looking for a way to make some extra cash, don’t be afraid to tap into your skillset and put your accounting knowledge to work!