You work for someone else for a few years. It would be better to get your experience by working all year with an accounting or bookkeeping & tax firm than to get just a few months with one of the franchises. You need to have a strong bookkeeping background and it would be a good idea to get your enrolled agent designation with the IRS. You can look up the requirements for that on their website.
Tax business? Meaning like a company that files taxes for other people for a fee?
If that's what you mean, then you start by getting educated in tax law with formal training and schooling. Once you're qualified to file taxes for other people you start advertising and set fees for various services.
Most independent tax pros will use a professional software program. Intuit is the parent company that makes the Turbo Tax software, they also make a similar software for tax pros. Its more powerful, allows people who know the tax codes to breeze through basic returns much faster, and has a different pricing structure than the turbo tax program. I think my CPA friend said he was paying about $10 per return to use intutit's professional tax software.
First you get a degree in accounting and then you take and PASS your CPA exam.
After you do those two things, you get a job in a company that does Tax Accounting.
After a year you rent and office and put up a sign YOUR NAME- CPA.
Many are independent, some are franchises.
See if HR Block & similar organizations sell franchises, and if so, what they require to get a franchise.
First is to get registered as a tax preparer with the IRS.
In addition to being a certified accountant and registered with the IRS, you will have to post a $10,000 bond with the state you have your main office in.
Are/have you mainly prepared individual tax returns or Partnership and Corporate returns? You say you have prepared for years, where? What is your current education in taxes?
You didn't like It, because apparently you know it all, but if you are asking this question you have a loooooog way to go to open your own shop. If you have sat at a desk at H&R and prepared on a computer you are ill prepared to go out on your own. REALITY not take a pot shot at you.
I am and have been a CPA and ER for many years now and every season something comes up I or my employees (also at minimum CPA's with emphasis on taxes) scratch our heads about.
What about the liability you will be taking on all by yourself?
Pursue your dreams but know your educational limits.
PS get it out of your home or you will not attract big returns and the city may come after you for operating a business in your home.
You need to know the business you plan to go into. It appears as if you do not know how to get nto the business you want to enter.
Without the proper experience and knowledge you would not be a success in any business.
If you want to become a tax preparer, you do not need to have a degree of any kind.
You are able to apply and enroll in a tax preparation course or class presented by your major tax preparation companies.
H&R block offer such courses as well as other national established tax preparation companies.
There are some online courses you might consider..
You would need to google tax preparation courses followed by the city and state in which you reside to find tax schools that offer courses in tax preparation.
There is a fee charged by all the tax preparation schools. You would need to find out the cost once you have contacted them. You would also be able to find out when the next class start.
Many of the major companies that does tax preparations would allow you to enter their tax preparation classes. Upon completion of the class and if you successfully pass the class you would be offered a position in their company to do taxes for their clients.
In order to become a tax preparer, you are required to be in position of PTIN. You are able to obtain this number by googling federal tax ID.. You would follow the instructions on your monitor. Once you have successfully completed all the information requested and required, you would be issued your number.
The company you would be employed by would also be of assistance in helping you obtain this tax Id number. You need to renew this number each year.
Once you have established the necessary experience at preparing federal and state taxes, for an established tax preparation company, you might consider starting your own tax preparation company.
You might also find a local tax preparation company to be employed by. There are many CPA companies that hire tax preparer from around December to around April.
Though you are not required to have a degree to be a prepare tax or to own your own tax business, it is always to your benefit to attend continuing education classes to keep abreast of the latest in your profession.
There are many tax seminars and classes available that would increase your knowledge and keep you up to date on the latest tax laws passed and the new technology and tax software.
You are able to find tax preparation software by googling for such. You would need to obtain the tax preparation software that best suit you financially and your needs. Some offer support and banks that would do your rapid refunds.
Make sure you understand what you are purchasing in the tax software and the ind of support you would be getting.
Try your major nationwide tax preparation companies and find out when their next class is. Enroll and pay the fees necessary. Make sure you inform them that you are expecting employment if you successfully pass the class.
I hope this has been of some benefit to you, good luck.
Most autonomous duty masters will utilize an expert programming program. Intuit is the parent organization that makes the Turbo Tax programming, they additionally make a comparable programming for impose experts. Its all the more ground-breaking, permits individuals who know the expense codes to easily finish essential returns considerably quicker, and has an alternate evaluating structure than the turbo assess program. I think my CPA companion said he was paying in regards to $10 per come back to utilize intutit's expert expense programming.