If you're going to build a tax practice, you need to be comfortable with Schedule C. It's one of the most common forms you'll handle and one of the most profitable return types for your…
Marketing Your Tax Prep Business on a Zero-Dollar Budget
You don't need paid advertising to build a tax practice. Most of the best marketing for new preparers is free. Google Business Profile Set this up on day one. It's free, and it's the single…
How Long Does It Take to Start a Tax Prep Business from Scratch?
The realistic timeline from decision to first client is 8 to 12 weeks. Here's how that breaks down. Week 1: Credentials Apply for your PTIN (15 minutes, same-day approval in most cases). Apply for your…
What H&R Block’s Tax Course Teaches You (and What It Doesn’t)
H&R Block's Income Tax Course costs $149 and runs about 40 hours. For what it is, it's a solid introduction to basic return preparation. Here's an honest assessment. What It Covers The course teaches the…
Seasonal vs. Year-Round Tax Practice: Which Model Makes More Money?
Most new preparers picture tax season as January through April, then time off the rest of the year. That model works, but it has a ceiling. Here's how the two approaches compare. The Seasonal Model…
LLC vs. Sole Proprietorship for Your Tax Prep Business: What to Choose
If you start preparing returns without forming a separate entity, you're a sole proprietor by default. That's the simplest option. It's usually not the best one. Sole Proprietorship No formation documents. No state filings beyond…
How to Price Your Tax Preparation Services Without Undercharging
New preparers consistently set their fees too low. If that's you, here's a better framework. Don't Charge by the Hour Hourly billing punishes efficiency. As you get faster, you earn less per return. Charge flat…
How to Choose Tax Preparation Software as a New Preparer
Your choice of software affects your workflow, your accuracy, your client experience, and your costs. Here's how to think about it. The Main Options Drake Tax is one of the most popular choices for independent…
What Is a PTIN and Why Do You Need One to Prepare Taxes?
PTIN stands for Preparer Tax Identification Number. The IRS requires every person who prepares or assists in preparing a federal tax return for compensation to have one. No PTIN, no paid tax preparation. How to…
Tax Prep Franchise vs. Independent Practice: An Honest Cost Comparison
If you're considering a career in tax preparation, someone has probably suggested buying into a franchise. Before you sign anything, look at the numbers. The Franchise Model H&R Block, Jackson Hewitt, and Liberty Tax are…