1. Accounting, Tax Preparation, Bookkeeping and Payroll services
Net Profit Margin – 19.6%
The most profitable business to start this year has something to do with this particular industry – accounting, tax preparation, bookkeeping and payroll services. Therefore, if you’ve specialized in this domain you can create a company that does the accounting for other companies, keeps up the books, does the payroll and prepares all the documentation needed to be filed with the authorities. If you create such a company, you’re basically catering to all other companies, or at least, to those that are not big enough to have their own department handling such things.
The 19.6% net profit margin puts this industry at the top of the list among the 15 most profitable businesses to start in 2016.
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