Tax Preparer

There are two things in life that are certain: death and taxes. While you can't really get help with the former, there are people to help with taxes! Tax Preparers work with clients to assist with the process of verifying, auditing, and submitting tax forms and returns. They may also advise

clients on financial questions and needs. If you have no fear of excessive paperwork and want to help people in an important way, you should consider becoming a Tax Preparer VBO.


DESCRIPTION

Tax Preparer VBOs work with their clients to prepare income tax forms, identify potential tax credits and liabilities, and ensure that forms are filled out completely and accurately. They must be knowledgeable of local, state, and federal tax legislation and regulations to prepare forms properly.

Tax Preparer VBOs must have excellent customer service skills, as they will conduct interviews with potential clients before recommending the correct products and services and completing or auditing their tax forms. Successful Tax Preparer VBOs should have access to and working knowledge of tax preparation tools such as Intuit Turbo Tax or Tax Act.

Here are just a few reasons you should consider becoming a Tax Preparers VBO:

  • There is no shortage of businesses and people who need tax assistance.
  • There will always be taxes, so this is a fairly economy-proof industry.
  • You don't need any previous experience to get started, there are online courses you can take to learn everything you need.

Here is an example of a VBO Niche for a Tax Preparer
To learn more about creating your VBO Niche - CLICK HERE!

Primary Niche


Tax Preparation

SUB Niche

​Tax Preparation For Small Businesses


VBO Niche

Tax Preparation For Virtual Business Owners

We provide some great resources to help you get up and running as a Tax Preparer. If you have questions about becoming a Tax Preparer, feel free to head over to our Groups and ask there!


TASKS

  • Communicate with clients to determine their tax and financial needs.
  • Follow tax codes to compute taxes and find potential deductions and credits for clients.
  • Prepare or assist clients in preparing tax forms, both simple and complex.
  • Use local, state, and federal tax codes to help taxpayers receive the maximum benefit permitted under law.
  • Review financial documents and records, including income statements and expenditures.
  • Review and verify accuracy of previous tax forms.
  • Calculate, invoice, and receive payments for preparation and consultation fees.
  • Review tax law books for questions on difficult tax returns.

PAY

Our research shows the hourly rate charged by Tax Preparer VBOs ranges from $35.00 to $85.00. However, the majority seemed to land in the $40.00 to $60.00 per hour range. Factors affecting this variance include geographic location, experience, and level of expertise.


BLOGS

The Income Tax School

The Income Tax School’s blog strives to facilitate meaningful conversation among tax preparation professionals — beginners and seasoned alike. It allows Tax Preparers to stay up-to-date on guidelines and best practices in the field.


Accounting WEB

Accounting WEB is an online community that brings the best information, skills, and ideas to Accountants and Tax Preparers. They have jumped head-first into the 21st century and help others to do the same, focusing on new technologies, concepts, software, and more. They even provide advice and tips on marketing.


Calculated Moves

The Calculated Moves Blog was created by husband and wife team Chad and Donna Bordeaux. This is a useful accounting blog focusing on taxes, investments, and small businesses. They offer advice for business owners, other tax professionals, and individuals. Their posts are fun, witty, and timely, and a great source of information for anyone interested in accounting.


COURSES

Udemy

Udemy is a great site for VBOs to sharpen their skills. Their classes typically range from $10.00 - $200.00. However, they are known to have frequent sales with virtually all lessons available for as low as $10.00.


Lynda

Lynda has been around a long time and might just be one of the granddaddies of online training. Pretty much all courses are well-vetted and professionally done. While their courses may be a little more expensive, they are top quality. Since they were recently acquired by LinkedIn, some premium accounts get access to Lynda at no additional charge, which is a great deal.


Coursera

Coursera offers courses from many of the top universities including Stanford, Duke, and Penn. As a result, their courses are probably a bit more like what you would imagine getting in higher education.

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