Thinking about making the jump to a new career? If you’re considering an entrepreneurial position in finance, taking a class in tax preparation can be a good first step to starting a new vocation.
Since taxation likely started with that first proverbial apple in the Garden of Eden, we all know tax preparation services will be in demand for the foreseeable future.
Wouldn’t it be cool to help a taxpayer avoid overpaying taxes? Another benefit to upping your tax acumen is saving money on your own taxes. Not only will you help your clients avoid spending unnecessary time and money, but you will also understand how to minimize your own tax liability. Here’s the icing on the cake: You save money on tax preparation fees to boot!
Becoming a tax preparer is a viable path to a professional career without having to spend years obtaining a college degree. Although, if you’re an accounting major, you already have a head start. Tax preparers typically make $20 an hour, on average, according to the Bureau of Labor and Statistics.
Tax preparers will be around as long as taxes are collected and we all know that’s likely to continue on indefinitely, especially as tax laws and codes are continually revised. Those who have complex tax returns often do not have the time to do their own taxes or simply don’t want to expend time on an onerous chore. So there will always be a demand for tax preparation services.
Tax preparation can also be a great career path for those working in other professions, like accounting, bookkeeping, insurance or financial planning.
Are you ready to take the leap into a new career in tax prep?