Advantages of a Career as a Tax Pro A career in tax preparation has always been rewarding. Recent changes and trends in the tax preparation industry driven by technology, legislation and demographics will make the outlook for tax professionals even more attractive. Below are 11 reasons why tax preparation may be more rewarding for you. 1.Savings on Your Own Taxes How much money do you pay in income taxes each year? For most middle-income taxpayers,somewhere between 1/4 and 1/3 of earnings are paid out in federal and state income taxes. This adds up to a great deal of money over one’s lifetime. Tax knowledge will enable you to minimize your income tax liability and potentially save thousands of dollars over your lifetime. You will also save on tax preparation fees! 2. High Income Potential Experienced tax preparers may earn $25 per hour or more and self-employed tax professionals can earn more than $100 per hour. During the 3-month tax season (mid-January to mid-April) it is possible for a self-employed tax preparer to earn $50,000 or more. Year-round income opportunities also exist for tax preparers who provide taxpayer representation or related services such as small business bookkeeping, payroll and financial planning. 3.Fast Track to a Professional Career Most people think of tax preparation as requiring expertise in accounting and high-level math. The reality is that tax is law not accounting. Becoming a tax professional requires no previous accounting experience and only basic arithmetic skills. A college degree is not a requirement. The most important attributes for success as a tax preparer are the ability to read and comprehend the tax laws and excellent people skills. You can become a tax preparer in 10-weeks or less by completing The Income Tax School’s 60-hour Comprehensive Income Tax Course and meeting the IRS requirements.The Tax Pro package helps you to meet all of the IRS Preparer Regulations at no extra cost. 4.Career Stability Ben Franklin said “...in this world nothing can be said to be certain, except death and taxes.” Even when legislation is passed to simplify the tax code, tax law changes cause confusion among taxpayers and, invariably,,new tax law changes are enacted to manipulate the economy or meet some social need. There will always be a need for tax professionals, especially to help individual and small business taxpayers who have more complex tax returns or who simply do not have the time, aptitude or interest in preparing their own returns; or who simply want peace of mind in knowing their tax professional stands behind their taxes and is available when needed to help them deal with the IRS. 5.Personal Satisfaction Tax preparation may seem to an outsider to be a boring occupation. In reality, helping people deal with their taxes is very rewarding and gratifying. As a tax professional you are a highly trusted confidante to your clients. They trust you with their most confidential financial and personal information. You are able to make the dreaded task of tax preparation a pleasant experience by educating them in the tax laws and simplifying the task. You ensure that your clients’ tax liabilities are minimized and their tax refunds are maximized. You establish very personal relationships with your clients who look forward to seeing you each year. 6.High Demand for Tax Professionals Effective January 1, 2012, the IRS implemented nationwide regulation of tax preparers, but the regulations were suspended due to a court order. However, IRS is appealing and expects the regulations to be reinstated. The regulations would enhance the image of the tax preparation industry and lend credibility to those who meet the IRS standards The new requirements would weed out many unqualified tax preparers,which would result in more tax preparation business for legitimate tax professionals.In addition, many elderly tax preparers are expected to retire soon.The Income Tax School’s Tax Pro Career or Business Package will provide the educational foundation necessary to become a competent tax preparer and also to meet all the IRS preparer requirements if reinstated. 7. Professional Status After completing the Comprehensive Income Tax Course, you will receive a certificate to frame and mount on the wall of your tax office. You may also consider enrolling in The Income Tax School Chartered Tax Professional certificate program to earn the professional (CTP- certified tax preparer) designation. After earning the CTP certification and gaining more tax experience you should have the knowledge necessary to take an Enrolled Agent (EA) review course, sit for the EA exam and also become an EA. The IRS EA designation is the most significant professional credential in the tax preparation industry. 8.Flexibility Tax preparers may enjoy flexible hours since most tax preparation offices are open evenings and weekends. These hours enable moonlighting professionals to earn extra income during tax season. Tax preparation is also ideal for stay at home parents with young children who need to be home during the summer when the kids are out of school. Early retirees also enjoy the flexibility of being able to travel and spend time with their grandchildren during the off season. People who work in retail during the holiday season can then work during tax season after their retail job ends. Self employed professionals such as real estate agents and financial planners can add tax preparation to their practices and also cross market their services to clients. 9.Stopgap for Unemployment If you are unemployed, tax preparation can be an ideal stopgap to earn income while you are seeking new employment and, if desired, can be continued part time even after landing a new full time job. A tax preparer who is also employed full time enjoys the peace of mind in knowing that tax preparation can become a full time job to fall back on should he or she be laid off from a regular job. 10.Complementary to Other Professions Income tax crosses many professionals. Nearly every financial transaction has a tax consequence. Tax knowledge can be a valuable asset to real estate,banking, insurance and financial planning professionals, among others. 11. Recession Resistant All taxpayers must file taxes every year regardless of current economic conditions. Most people who use tax preparers do so because they lack the ability to prepare their own returns. In a bad economy,minimizing one’s tax liability is especially important. MKG Tax Consultants dba Liberty Tax Service CA192 80 W. Bullard Ave Suite #102 Clovis, CA 93612 Office (559)299-8290 Cell (559) 309-3260 eFax 1-609-277-8181 Send a friend and get $50 And your friend will get 30% off with paid tax preparation. Tax School and seasonal employment opportunities at libertytax/income-tax-preparation-locations/15444.html This is a franchise and each location is independently owned and operated. Financial Services Available QS2 is committed to building the top financial services marketing company in the world. Our Mission is to help individuals, families and businesses achieve financial security and independence through the use of our world-class financial products, which protect against loss as well as increase and safeguard assets. We empower individuals with the financial knowledge to make educated decisions and plan for their future. We know people don’t plan to fail, but they will if they fail to plan. Please take the time to contact me so I can help you create a strong financial plan for your future. mkgenterprisescorp.joinqs2/ If you are motivated and driven to succeed, looking for training (either in the classroom or on-line), growth and the opportunity to find your balance, Liberty Tax Service has some exciting options for you. The Liberty Tax School provides you with the fundamentals needed to launch your career in tax preparation. Come to Liberty Tax School and discover the guidance, education and support you need to succeed. Tax knowledge equals opportunity. 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Posted on: Sun, 11 Aug 2013 01:39:33 +0000
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