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 EFIN (free, but allow up to 45 days for the background check). The EFIN is the longest lead-time item, so apply first.
Weeks 1–6: Training
A quality training program runs 40 to 80 hours. At 10 hours per week, that’s 4 to 8 weeks. Some programs are self-paced and can be completed faster if you have more time available.
Weeks 2–4: Business Formation
Form your LLC with your state’s Secretary of State (processing times vary, usually 1 to 2 weeks). Get your EIN from the IRS (5 minutes online, immediate). Open a business bank account (1 to 2 days). Get E&O insurance (same day in many cases). These steps can overlap with your training.
Weeks 3–5: Operations Setup
Choose and set up your tax software. Create your engagement letter. Set your pricing. Set up your Google Business Profile. Build a simple website.
Weeks 6–12: Client Acquisition
Start marketing. Tell your personal network. Contact referral partners. Post on social media. Attend local networking events.
The Calendar Matters
If you want to be ready for the filing season that starts in late January, begin this process no later than October. Preparers who wait until December are scrambling. The ones who start in September or October have time to complete training, set up their business, and begin marketing before the first W-2s arrive.
For a program designed to get you from zero to ready in this timeframe, visit musespring.com.