Why you should start a tax business and how to get started

[IrmaSKoehler]

Myth #1: “You need to be a CPA or have an accounting degree to be a Tax Professional.”
Many people shy away from taxes because they think it will be too difficult and you must be a Certified Public Accountant (CPA) or have an accounting degree, or the equivalent. The truth is you really don’t have to be an accountant to be a tax professional. While having an aptitude for dealing with figures is essential, high level knowledge of math and finance are not necessary and tax preparation is not accounting, it’s law. You don’t even need to have a college degree to prepare taxes.

Then what DO you need?
You will need to take at least one tax preparation course to give you a solid foundation in individual tax. In addition, if you choose to complete the voluntary IRS Annual Filing Season Program (AFSP), you would also need to complete a 6-hour Annual Federal Tax Refresher Course (AFTR) with a 100 question competency test to confirm your tax knowledge. To receive a Record of Completion from the IRS for this program, you must also complete additional hours of continuing education. The 6-hour AFTR Course and CE is a voluntary annual program of the IRS. Continuing education is a great thing and super important, as it will help you increase your tax knowledge and remain current with the tax code. If you wish to prepare business tax returns, you will also need to take a tax course on small business income tax. Learn more about the AFSP program.

Our beginner tax preparation course assumes no prior tax knowledge and the tax preparer software available today makes tax preparation a lot easier. That being said, tax preparer software is NOT a substitute for tax knowledge. It’s extremely important that you are able to complete tax returns by hand as the computer programs don’t always think of everything. You should never rely on any tax software program to train you or to prepare a tax return for you accurately. It should simply be used as a tool to improve your service and make you more efficient.

[Carol Bratton]

Very good explanation but if you want to get more information about it. Then you need to check my tax preparation business plan  I have mentioned all the tips in this plan which can helpful for you. But I really appreciate you because of your ideas. These are also the best ideas. 

[Elling Chowne]

Wow, tax business must be something really difficult to manage. There are always unhappy clients who want to reduce taxes and think that they were overcharged! This eats a lot of time. I think you shall work with this app https://fieldd.co/will-a-scheduling-app-help-my-business/ and it will control and manage your time.