How To Start an Accounting Business: A Step-by-Step Guide
- Nate Jones, CPCU, ARM, CLCS, AU
- Aug 15
- 2 min read
Updated: Aug 19
Starting your own accounting business can be a rewarding and profitable venture—especially if you have a strong foundation in finance, tax, or bookkeeping. Whether you're launching a solo practice or building a full-service firm, understanding the steps to get started and protecting your business with the right insurance is essential.
In this guide, we’ll walk you through how to start an accounting business, attract clients, and secure insurance for accounting professionals to safeguard your operations.
Why Start an Accounting Business?
Accounting services are always in demand. From small businesses to individuals, clients need help with:
Bookkeeping and financial reporting
Tax preparation and planning
Payroll services
Business consulting
With low overhead and high scalability, accounting businesses offer strong profit potential and long-term growth.
Steps to Start Your Accounting Business
1. Get Certified and Licensed
Depending on your location and services, you may need certifications like:
2. Choose Your Niche
Focus on a specific market such as:
Small businesses
Freelancers and contractors
Nonprofits
Real estate or construction firms
3. Register Your Business
Choose a legal structure (LLC, sole proprietorship, etc.), register with your state, and obtain an EIN from the IRS.
4. Set Up Your Office and Software
Invest in accounting software like QuickBooks, Xero, or FreshBooks. You can work remotely or set up a physical office depending on your budget and client needs.
5. Market Your Services
Use SEO, Google Ads, LinkedIn, and local networking to attract clients. Offer free consultations or webinars to build trust.
Back Office Support for Accounting Professionals
Marketing your accounting services while managing daily operations can be time-consuming. Contractor Back Office helps streamline your workflow by handling invoicing, website, bookkeeping, and social media management so you can focus on serving clients and growing your business.
Insurance for Accounting Professionals
Even in a low-risk industry like accounting, having the right insurance protects your business from unexpected issues. At Wexford Insurance, we specialize in helping accounting firms find tailored coverage.
Recommended policies include:
General Liability Insurance – Covers third-party injuries and property damage.
Commercial Auto Insurance – Covers vehicles used for job site transportation.
Commercial Property Insurance – Protects your office, warehouse, and equipment.
Workers’ Compensation Insurance – Required if you hire employees; covers workplace injuries.
Equipment Insurance – Covers restoration tools and machinery from theft, fire, or accidental damage.
Call to Action
Ready to launch your accounting business with confidence? Let Wexford Insurance help you protect your firm with customized coverage designed for financial professionals.
👉 Contact Wexford Insurance to get a free consultation today
