8 reasons to start a tax practice

8 REASONS TO START A TAX PRACTICECharles Davidson, Accelerated Tax Systems

Copyright 2013 Accelerated Tax Systems. All Rights Reserved.

This presentation discusses eight reasons you might consider starting a tax preparation business.

If you have questions, please contact:Charles Davidson

Accelerated Tax Systems

[email protected]

www.acceleratedtaxsystems.com


www.AcceleratedTaxSystems.com


8 Reasons to Start a Tax Practice Low Cost of Entry Financial Reward Challenging and Satisfying Career Job Security Flexibility Provide a Valuable Service Professional Career Meet Interesting People



8 Reasons to Start a Tax Practice Low Cost of Entry

Variety of business models Minimal investment needed to start a tax

practice Computer and printer Professional tax software Internet connection

Perfect for a home office Ability to work part-time or full-time Easy to grow your business as you add clients

Hire seasonal help or expand to an office



8 Reasons to Start a Tax Practice Financial Reward

Tax business won’t make you rich Create a comfortable salary Define your own ideas about financial success

You can set your own hourly rate Ability to charge rates equal to other professionals Many professionals charge between $150 and $300 /

hr. Earn from the effort of others With reward comes risk

Starting a business involves some degree of risk Learn about the risks and manage them appropriately



8 Reasons to Start a Tax Practice Challenging and Rewarding Career

Challenges Requires you to be constantly learning about tax law New issues and problems every day It’s fascinating to understand how the IRS works

Rewards Meeting new and interesting people Helping people save money I love telling people they have a large refund!

It’s like Christmas or a birthday The down side is having to explain a tax bill



8 Reasons to Start a Tax Practice Job Security

Tax professionals will continue to be in demand Tax law is constantly changing Taxes are and important government transaction Clients want it done correctly and without hassle

Strategically build your client database You must give more than just a tax return You must offer a variety of services and products You must specialize in one or two key areas

Tax Controversy and Representationwww.AcceleratedTaxSystems.com


8 Reasons to Start a Tax Practice Job Security

Tax controversy and representation Controversy = An IRS audit or other adversarial

position Representation = Acting as an agent for your client

during controversy proceedings Why is this an opportunity?

A great specialty on which to build your client base Intersection of demand and supply Taxpayers need experts to help interact and solve

problems with the IRS during audits and in tax court Tax practice is limited to attorneys, CPAs, and EAs



8 Reasons to Start a Tax Practice Flexibility

Seasonal nature of the tax business Can be the source of headaches and problems View it as an opportunity

As a business owner you have the ability to: Work part-time or full-time Work seasonal or year-round Structure your business the way you want it to be

Hire employees to work for you Set your own hours Take summer off and travel



8 Reasons to Start a Tax Practice Provide a Valuable Service

People need tax preparation and advice They must comply with the tax law BUT they want peace of mind that it’s done right

You are a professional trained to offer financial advice Provide a solution to their problem Your job is to save the client money

Get paid as a valuable financial advisor Don’t undervalue the service you provide Most tax professionals don’t charge enough for their

time, expertise, knowledge, and skillswww.AcceleratedTaxSystems.com


8 Reasons to Start a Tax Practice Professional Career

Tax professionals provide a financial service They are no different from white-collar

professionals: Bankers Financial advisors Insurance agents Real estate brokers

Represent yourself as a professional and earn respect

Provide valuable, money-saving advice and earn trust



8 Reasons to Start a Tax Practice Meet Interesting People

Most of the people you will meet have a story Learn a lot about of personal information about your

clients Clients will tell you stories about their family and loved

ones This part of the job can be very enjoyable

Not everyone is pleasant It’s a people business – learn to accept it You will have angry, cranky, upset clients

Most of their frustration is aimed at the IRS Stay calm and work to resolve the problem Don’t be afraid to fire the clients that cause the most headache



Accelerated Tax Systems is a full-service company that provides the products, services, and resources that help you create and grow a successful tax practice. Tax Education Training Software and Bank Products Marketing Operations Consulting Services




Accelerated Tax Systems We can help you start your tax preparation

business Consulting and coaching Computer hardware and software Bank products Training and technical support Tax education programs for you and your staff

www.TaxBusinessDirect.com



http://www.taxbusinessdirect.com/


Contact Us

Charles DavidsonAccelerated Tax Systems2910 Weald Way No. 514Sacramento, CA 95833(916) 717-6454

[email protected]

