The reward of entrepreneurship is independence, financial freedom and more.
The choice is yours, and always may be when you’re a business owner. Millions of Americans pay a tax professional to prepare and file their tax return every year and Congress continues to make more changes to the tax code. Imagine creating your favorite secure source of income with unlimited potential! Although, these changes make taxpayers even more confused and frustrated and they are seeking out the total amount of taxpayers continues to grow. Many people shy away from taxes as they think it going to be ain’t accounting, it’s law, while having an aptitude for dealing with figures is essential. You don’t even need to have a college degree to prepare taxes. The truth is you really don’t need to be an accountant to be a tax professional. Now please pay attention. Starting your personal tax business will enable you to meet this growing demand and on top of that give you the flexibility and security you deserve. Now, with the recent changes to the economy, it’s more important than ever for taxpayers to claim most of the credits and deductions due them and pay no more than the exact percentage of taxes they owe.
Our beginner tax preparation course assumes no prior tax knowledge and the tax preparer software available today makes tax preparation a lot easier.
That’s not all, It’s amazing exactly how many people think that tax preparation is all about the numbers. That being said, tax preparer software is NOT a substitute for tax knowledge. On top of this, tax preparation is a people business. If you enjoy working with people, you could do very well in the tax business. It’s about building relationships and trust. That’s where it starts getting very serious. You must never rely on any tax software program to train you or to prepare a tax return for you accurately. It must simply be used as a tool to improve your service and make you more efficient. It’s extremely important that you are able to complete tax returns by hand as the computer programs don’t always think of everything.
And so it’s extremely important that you have the knowledge to prepare taxes accurately.
You could prepare a client’s tax return perfectly but if you don’t provide personal service, they may not be back. It’s a well your client trusts you to take good care of him/her and hopes you have their best interests in mind. Your client is looking for guidance and has come to you since they see you as an expert in the tax industry. When you are dealing with a client’s financial information it becomes very personal. I am sure that the experience that your clients have throughout the tax preparation process and after is just as important. On top of that, relationships are paramount!
The percentage of money you can make will depend on your market and how easily you can attract clients, you have the ability to charge less than your competition, With a tax preparation home business, you will have very little overhead. By marketing effectively and providing excellent client service, you can grow through high client retention and referrals and quickly attain that degree of income for just 3 months work, and continue to grow your tax business! You won’t likely earn that much during your first tax season being that you will still be learning and recruiting new clients.
What’s even more exciting is that as your business grows through new clients and referrals, your future earnings potential is much greater!
You could consider providing other services for your tax clients and generate income yearround! You can enjoy your summers and holidays as a bunch of your business in generated in the course of the concentrated filing season from mid January through ‘mid April’. Due to recent changes in the economy, plenty of people are looking for additional revenue streams in case you are going to maintain their current lifestyles.
You are in the position to provide them with the additional financial services they need, as the trusted tax advisor to your tax clients. You can also provide bookkeeping and payroll services for your individual biz tax clients to produce additional year round revenue. By obtaining the required licenses, you can provide financial services and products like IRAs, retirement plans, insurance, and stuff You can choose from a couple of reputable ‘broker dealers’ that specialize in helping tax professionals to meet their clients’ financial service’s needs. Thousands of small businesses are started nearly any day and the trend is accelerating because of the large number of displaced workers turning to self employment.
Other opportunities to generate ‘yearround’ revenue exist, just like becoming a realestate broker to take advantage of the inevitable recovery of the housing market in the coming years.
Starting your favorite home based tax preparer business is easier than you think. The most important thing you need is good solid tax knowledge, that is available online, 24/7 7 with instructor support right here at The Income Tax School! A well-known fact that is. Income tax knowledge is a great asset for many financial services professionals and having tax expertise will provide you with a key competitive advantage.
High income potential. >
You going to be qualified to prepare individual tax returns for almost all after successfully completing the ’60 hour’ omprehensive Tax Course at The Income Tax School. Once you are a registered Tax Preparer you will have your personal ‘home based’ tax preparer business up and running in a very short time! On top of that, the Small Business I Tax Course at The Income Tax School will meet the individual entrepreneurship requirements for the IRS exam. You will also need to take a tax course on small entrepreneurship income tax, I’d say in case you wish to prepare business tax returns. Basically, non exempt tax preparers who do not complete this program wouldn’t be able to represent their tax clients before the IRS, should an issue arise. You see, learn more about the new Annual Filing Season Program. IMPORTANT. You must register as a tax preparer and take 15 continuing hours education every year going forward, Therefore in case you choose to complete the AFSP program. Continuing education is a great thing as it will any year and to continue their education any year.
The Income Tax School is acknowledged by tax industry and IRS executives as the national standard for tax preparer training and was ranked #1 by Trendlists for online tax education.
All tax preparation courses are developed and taught by practicing income tax pros and are written in easy to understand language. Besides, iTS was chosen above all tax schools to partner with a Fortune 1000 company and is referred to by them as Best in Class. You will benefit from tax class authors and expert instructors who have years of real world experience working with individuals and small businesses on a daily basis. With that said, this practical knowledge will transfer to you.
while allowing you to work at your favorite pace from anywhere with internet access, All tax classes are available online -24/7 7. In addition to access to student and instructor forums, you will receive personalized instructional support and feedback. Notice, you will have the skills and knowledge required to prepare tax returns for the general public, as soon as you have successfully completed the Comprehensive Tax Course of our tax school. No previous experience in tax preparation or accounting is required, if you were wondering.
It’s easy to get started today -so put yourself on the short path to earning more income with a tax education from The Income Tax School! As a student of The Income Tax School, you are not in this alone! Additional revenue stream. >High income potential. Year round’ income opportunities. >Additional revenue stream. Year round’ income opportunities. Minimal start up costs. Minimal start up costs. >Launch your favorite tax business in weeks -no franchise fees or royalties. Launch your tax business in weeks -no franchise fees or royalties. >