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3/21/2008

Ten Tips On Becoming a Tax Preparer and Earning Big While Working P/T

1. Gain new professional and marketable skills while working at your own pace. – Every year there is a noticeable shortage of qualified Tax professionals. All 4 of the major Tax service Franchises (H & R Block, Jackson Hewlett, Liberty Tax, and Instant Tax) set up tax classes to increase the possibility of having enough tax professionals to work in their Franchises. Unfortunately, having taught these basic tax classes, the student drop out rate is high. It is serious pressure to work a full time job, learn tax law/codes, go to school two nights a week, do your homework, and prepare for Thanksgiving in the middle of the Tax Class Schedule. Online Tax School could be a life saver, especially if you have children. (Instant Tax does offer training starting any time of the year)

2. You can be enrolled, trained and certified to do Taxes in the state of California or any of the 50 States by the time the big boys offer their $200 Tax Class in September, October or crash course in November.

3. Train to the state of California’s standards. Not all states have a mandatory requirement to obtain a Tax License, however, once you qualify under California’s standards you will be qualified for an entry level position with IRS or to work for one of the major Temporary Accounting Agencies, such as AccountTemp or Accountants, Inc or Robert Half, International or a CPA or a Major Bookkeeping Company or to work for your self. Being able to take your time and learn at your own pace is extremely important when it can mean the difference of $7.50 per hour and $18 to $25.00 per hour

4. When you enroll in an Online Tax class, you don’t have to deal with class room dynamics, you just do your course work, take your test on line, email your teacher if you have a question and receive your certificate and follow through with your State’s requirements for Tax Professionals and of course register with IRS. No Problem, No fuss. All the information is provided in the class.

5. Taxes Will Travel a mobile Tax Service in the San Francisco Bay Area actually provides job placements for graduates from its Online Tax School and is one of the only mobile tax service Franchise available in the country. The TWT curriculum is provided by Educational wholesalers located on the East Coast. The Wholesaler for the learning material actually holds the licenses for the different state qualifications. The uniqueness of these programs comes with the policy and procedure of the different online schools.

6. Completion of Tax School will enable you to start your own tax business in your home or office. This will enable you to charge up to $50.00 per hour and in some cases much more if you go on to become an Enrolled Agent.

7. Online Tax Schools that can qualify you for California’s standards range from $199 to over $1500. Its very interesting because, remember the Educational Wholesale Provider I spoke of? They usually provide the training for over 50% of the Online Tax Training.

8. Tax School won’t make you rich, but it will give you options, a foundation for a new career and around $7,500 to $15,000 more income per year working part-time. The Big Boys, as I call them often pay their employees Bonus based upon the revenue after the Tax Season ends, plus they get a base hourly wage.

9. Enrolling and completing tax school will put you in the line up for what I call the “Half-Year Tax Professionals” They do taxes 5 or 6 months out of the year and spend the other half of the year traveling. How do I know? I meet them at the IRS Tax Professional Forum which is usually held in large cities such as Las Vegas! They adjust their travel schedules to accommodate and attend the IRS conventions; after all, you have to act like you work all year! This select group of people is the envy of all of the new tax professionals. However, you should know these Tax Professionals work hard and smart. They rarely loose a client, they send birthday cards to clients and gift certificates for special occasions and quarterly tax newsletters. They spend years building their client base while charging $150 to $200 (sometimes more) per tax return. They tend to stay out of their client’s personal lives and they live modestly while traveling to different parts of the world each year. (I personally give my client’s a gift when I deliver their taxes. My clients are spoiled, they don’t know what it is to sit in a tax office and wait. For them Taxes Will Travel is the way to go!)

10. There is a new, service that has consumers in the tax industry buzzing. It’s the “get your refund the last week of December or the first week of January” If your last pay period for the year is December 15 through the 28th and you had your taxes completed at one of the tax stores that provides this service you can get your refund, using your paycheck stub, before Christmas or New Year’s. At the time this article was published more information was still becoming available on this new service. This will surely generate more excitement in the Tax Industry. Tax stores more then likely will charge a little more for this unique service, and a little more times 5 to 10 million people is a LOT more, so this might be the time to enroll in your nearest online tax school.

Cassandra teaches basic tax classes in the San Francisco Bay Area. The balance of the year she can be found working in her small tax service providing tax resolution and accounts receivable lines of credit for small businesses.

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