Ideas for Home Business: Tax Preparation BusinessWhat Does It Take to Start a Tax Preparation Business?
(LifeWire) – Overview of the Tax Preparation Business Entrepreneurs who know their way around a 1040 and don’t mind seasonal work can have a successful tax preparation home business. Although formal education for tax preparation is required in only four states, all tax practitioners would be wise to take basic training and refresher classes from a large tax outfit such as H&R Block, a community college or the IRS, as tax laws are constantly changing. As a tax preparer, you’ll need to be familiar with the schedules and forms used in preparing an individual return, as well as the basics of credits and deductions. Clients of tax preparation services are usually individuals and small businesses. Tax preparers can earn a high hourly rate, especially with repeat customers who have consistent annual inco
