Projections Central is an excellent resource for viewing data about the historical growth of careers in every state. Explore the regions around America that offer the most opportunity for tax preparers. Projections Central also offers data about the projected career growth for tax preparers. You can view the states with the most short-term and long-term growth for this field.
For example, Florida has a higher projected growth rate for tax preparers than average, ranking at You can also compare the job growth between this career field and others. Although experts project the job growth for tax preparers to increase all across America, they expect it to increase more rapidly in some regions than others.
Take a look at the top five states that should have the highest percentage growth through Planning a move to one of these states could help you more quickly earn a job as a tax preparer. Before pursuing a career as a tax preparer, consider some related fields. You can find all the data below on www. Kick off your finance career with one of these affordable online accounting degrees.
Compare the top programs, crunch the numbers, and get the best value. Sign up in our talent cluster and get scouted today! The annual compensation for this career has gone up since Salaries have increased by an average of The professionals who prepare and file their taxes are tax preparers. The complexity of tax forms that they prepare ranges from simple to extremely complex, and may include reviewing the work of other tax preparers to ensure accuracy.
As professionals, their goal is to ensure that a client pays the minimum tax required and receives the largest tax return possible, where applicable. Individuals in this occupation must stay current regarding tax code changes and available deductions and benefits.
Familiarity with tax law, codes and financial software, as well as a high school diploma or its equivalent, are requirements for this occupation. Tax accounting for businesses, corporations and nonprofits requires the assistance of a licensed tax professional. A few states like California, New York and Illinois require all tax preparers to have a license. Tax preparation classes are available online and at two-year schools. Training and certification is also available through the Accreditation Council for Accountancy and Taxation.
High school or college classes in business and accounting are also helpful. The process entails brushing up on your knowledge of the tax code and passing a difficult IRS exam. According to the U. The next hurdle is passing the notoriously difficult CPA exam required for a state license. The financial incentive of a tax preparer career is a definite selling point. Salaries for CPAs are even higher. If you have an entrepreneurial spirit, you can go into business for yourself — even as an uncredentialed tax preparer — and work out of a home office.
You can build up a clientele by charging less than competitors because of your low overhead costs. Start a Tax Preparation Business suggests that income tax preparers can pull down a six-figure income working for themselves. The checks of income tax preparers vary from week to week during tax season depending on their workload.
Income tax preparers make their money over the course of a few months. The busiest times are between mid-January and late February when clients expecting a tax refund prefer to file.
The next burst of activity happens between the last week of March and the April 15 deadline when clients expecting to owe the IRS money tend to file.
When paychecks differ each pay period, you may find it trickier to budget. You will have to resist the temptation to go out splurge because you had a great couple weeks.
Setting aside money for living expenses is especially important if you are a part-time or seasonal worker.
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