10 Steps in Starting a Tax Preparation Business

Tax preparation help at the library
Image by Newton Free Library via Flickr

If you have always dreamed of owning your own business and working for yourself, starting a tax service is a great opportunity. To start a tax preparation business, you should have enough enthusiasm and drive.  Here are the steps:

1.       Acquire a proper education and training.  You can choose to enroll in school or in online courses.

2.       Get the proper licensing and required PTIN, EFIN.

3.       Learn about tax preparation laws and modifications.

4.       You should also be familiar with IRS regulations.

5.       Understand tax preparation and practice filling up forms.

6.       Create your office or space so you can start your business.

7.       You should acquire the following necessities: financial calculator, internet access, accounting software, printer, copier, fax machine and office supplies.

8.       Promote your business to gain potential clients.

9.       Decide on the type of clients you want to cater to, be it individuals only, businesses only, or both.

10.   Create your own work schedule and stick to it.

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7 Responses to 10 Steps in Starting a Tax Preparation Business

  1. josim camoro says:

    Hard work but is good building block to success. Easy and fun way of making extra money.

  2. Russel says:

    Unlike other businesses, not much is required in start-up costs, in tax prepareation service.

  3. Russel says:

    Unlike other businesses, not much is required in start-up costs, in starting tax prepareation service.

  4. josim camoro says:

    It may seem hard work in the first place, but as soon as you understand and have your own style, it may very well be an easy and fulfilling work with great pay.

  5. Erwin Dangco says:

    This business is good it doesn’t need that much money to start up with, but in order to success in this business you need to have enough enthusiasm and drive but mostly you must be responsible with the job so that clients trust are easily be gained.

  6. josim camoro says:

    In starting a tax preparation business, first you will need to market or advertise your business first. Making a blog about it would be a smart choice.

  7. josim camoro says:

    In the business market today, nothing is certain. However being prepared and responsible beats all odds. Starting a business is easy with the right attributes.

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