What does a tax preparer do? Types? Salary?

What does a tax preparer do, how much do they make and what are the types of tax preparers? In this video I discuss all of these things, delving into the tasks and job description of a tax preparer. I'm a bookkeeper (but I don't prepare taxes), but this is something I am looking at for the future--bookkeeping often goes hand in hand with tax prep, but there are definite differences. Next week I'll be going through step-by-step how to become a tax preparer.

Videos mentioned:

☑️My favorite bookkeeper training (affiliate links)

☑️Classes taught by me

☑️Free stuff

☑️Pass the ProAdvisor Test: Fast and Easy QBO (affiliate links)

☑️Other awesome classes (affiliate links)

▶ Videos to get started bookkeeping:

▶ More videos you'll like:

#bookkeeper #finepoints #bookkeeping

[FinePointsBookkeeping]

Let me know what questions you have about being a tax preparer! Here are 2 free resources:

[jepf]

I'm a CPA at a top 10 firm preparing taxes for C Corps. Starting salary is not great, but still good at $55k. You should be able to get to 130k-140k by year 5 or 6 and around 160k-180k by year 10. If you make partner at a large firm, you can start around $250k and get up to $900k+ depending on ownership and business profits. I'm only in my 2nd year, but it's clearly very profitable.

[BobbyMucka]

As an independent EA I can easily pull around 50-60k in profit by myself from just tax season, excluding tax planning and bookkeeping/accounting. It does eat into my time though.

[rgallegos]

I'm on the path to becoming an EA, I'm currently studying for the 3rd exam out of 3 and have successfully passed the first 2. I would say they are difficult but not in the sense that you have to know everything about tax law but you have to have put some time to study the material to be able to pass the first time around. I worked this year at HR block to get some experience but unfortunately just due to the staff there I did not have a great experience so I ended up leaving before the end of the tax season as it's was very taxing(no pun intended) on my mental health just going into the office due to the environment not so much the actual work. My goal is to eventually do bookkeeping and tax preparer on my own and not have to work for someone.

[caredfor]

Thank you for your videos Morgan! I am taking the HR Block tax preparer course. Even a basic knowledge is very helpful. I hope to continue to build on this knowledge!

[henrythomas]

Love the quality of your videos and the value you're providing! Thank you very much for your hard work.

[dan]

Me and my wife are looking into this. I was a licensed Life, Health and P/C insurance agent and my wife worked at a law office.
We like people and know friends who are working hard at help people with there taxes.
I see it as a part-time to full time opportunity.

It is hard during the tax season but they have other options like bookkeeping as well.

[cmbhsju]

Your content helped me a lot to take my doubts, thank you very much

[DaguyinUSA]

As a tax preparer hours worked count towards: Texas requires one year of full-time non-routine accounting work experience under the direct supervision of a licensed CPA. This equates to 2, 000 hours of experience that must be acquired over a period of no less that one year and no more than two years prior to application.

[RayaFlora]

I like your video presentation. It is informative too, at the same time. Thanks a lot for your guidance!

[sunnyrajput]

Jackson Hewitt is paying $15 an hour to a beginner after 2 weeks of training.

Being a tax preparer comes with lots of financial and criminal liability; lowest IRS penalty for negligence/violation/reckless conduct is $250 per tax return and the median is $560 and the sky is the limit.

It feels like fools errand, working that low wage and assuming that kind of financial and criminal liability. In the meanwhile Jackson Hewitt is making $450 minimum base rate per client without any indemnity guarantee. Risk and rewards don't make sense if you aren't blind or foolish.

[mohammadalamgir]

Tax business In Newyork please tell me step by step

[churchillcoins]

Thanks for the great video, do you know the cost of the Tax Biz service?

[mohammadalamgir]

I have PTIN and EFin and EIN single member LLC, and Newyork state domestic license and business bank A/c I start tax preparation business in home or any other missing license and irs AFSP complete course and long time ago H&N block tax preparation certificate

[SuperGreatSphinx]

If I hire a tax preparer, will they actually mail my tax return(s) to the IRS for me, or will I be responsible for that last part?

[solomonshabat]

Hello.madam as an Enrolled Agent, can i Earn the 6 figure salary in the Tax season and what is the scope in future as a EA? Thanks