Would an online accounting business be practical?

ClockworkClockwork New MemberPosts: 6Registered
I've recently hit the AAT books to begin a long and grueling journey to becoming a qualified accountant.
I'm confident, if all goes well and my motivation levels stay at the level they're at atm, I would finish the whole qualification in 12 months.*

I got thinking about what I wanted to do wih my AAT qualification once I was done, so my question is this:*

is it possible for me to pay a web designer to set up an accounting website? I would offer several services including tax returns and preparation, preparing statements etc basic service for a basic business.

So a client would upload/electronically scan the documents in question or would send them by post. I would work on it and re-upload onto the website where the client can log in with his ID and Password and view the documents.

Advertising/marketing would be an issue as well as pushing the site through the ranks on Google. I imagine there are web marketing firms which specialise in this and could get your site optimised and 'out there'
*
It would obviously be less costly then setting up shop somwhere but is it practical and does it work?

I wouldn't give up a full time job for it but it could prove to be a useful money maker on the side.

I would love those who have experience in this matter to get back at me.

Regards

Clockwork

Comments

  • MonsoonMonsoon Font Of All Knowledge Posts: 4,071FMAAT, AAT Licensed Accountant
    Yes, it's not only practical but it's also lucrative.

    For example:

    www.cheapaccounting.co.uk

    www.myaccountantonline.co.uk

    SEO is important but you would also be looking at social networking as a way to get clients.
  • piratepirate Trusted Regular Posts: 469Registered
    Absolutely

    Thats how we do it.
  • readerreader Experienced Mentor Posts: 1,039MAAT, AAT Licensed Accountant
    Clockwork wrote: »
    I've recently hit the AAT books to begin a long and grueling journey to becoming a qualified accountant.
    I'm confident, if all goes well and my motivation levels stay at the level they're at atm, I would finish the whole qualification in 12 months.*

    I got thinking about what I wanted to do wih my AAT qualification once I was done, so my question is this:*

    is it possible for me to pay a web designer to set up an accounting website? I would offer several services including tax returns and preparation, preparing statements etc basic service for a basic business.

    So a client would upload/electronically scan the documents in question or would send them by post. I would work on it and re-upload onto the website where the client can log in with his ID and Password and view the documents.

    Advertising/marketing would be an issue as well as pushing the site through the ranks on Google. I imagine there are web marketing firms which specialise in this and could get your site optimised and 'out there'
    *
    It would obviously be less costly then setting up shop somwhere but is it practical and does it work?

    I wouldn't give up a full time job for it but it could prove to be a useful money maker on the side.

    I would love those who have experience in this matter to get back at me.

    Regards

    Clockwork

    Seems like the way forward:

    http://www.mazumamoney.co.uk/

    http://www.theaccountancy.co.uk/
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