Andrew Freiburghouse is my full name, but I go by Andy Frye in the tax business. At the risk of mastering the obvious, Frye is much easier for clients to pronounce than Freiburghouse, especially in the tax business which is already complicated enough without adding in a tax preparer with a last name that’s 13 […]
The tax preparation industry is changing–fast. As do-it-yourself online tax software continues to improve and grow in popularity, many professional tax preparers are seeing their client bases and earnings decline. However, some professional tax preparers are not only surviving this “Tax Preparer Apocalypse,” but actually growing our tax businesses aggressively during this time of massive […]
My Review of Robert Flach’s New Book So You Want to Be a Tax Preparer
By Andy Frye
Here at Pronto Tax School, we have enjoyed the privilege over the past six years of bringing thousands of people into the tax business as newly minted professional tax preparers. Many Pronto Tax Class Graduates start with literally no knowledge of taxes and, within 60 hours and for less than $300 total investment, they become professional tax preparers through our online tax course that gives tax preparers your first credential showing you have indeed “gone pro.”
Now the reality is, as we clearly state in our materials, completing your course is only one step in the process of becoming a success in the tax business.
To achieve true mastery as a professional tax preparer is a journey of many years.
Robert Flach, a veteran tax professional who runs one of the best (not boring!) tax blogs online, recently released a brief but compelling book called So You Want to Be a Tax Preparer: Advice from a Veteran Tax Pro.
Mr. Flach’s book, which can be purchased for less than $6 per the instructions at this link, should be required reading for anyone who’s considering getting into the tax business as a tax preparer. You’ll find numerous nuggets of golden information in these pages, giving you a clear view of how to succeed in this profession on your own terms.
In this blog post, I’ll give you my review of Mr. Flach’s book, so that you can see how Mr. Flach’s perspective might enhance yours as you start (or continue) your journey as a professional tax preparer…
Tax Preparer Disaster Stories
In this blog you will learn of some disaster stories that have happened to tax preparers.
If you are a tax preparer, or thinking about becoming a tax preparer, this blog is designed to warn you what to avoid and hopefully show you how not to fall victim to these disasters.
And hopefully you’ll also get a good laugh out of some of these stories…
How to Become a Wealthy Tax Preparer
By Jamie Waggoner
So, let’s get the “bad news” out of the way first. Based on what I’ve been learning studying this business with Pronto Tax School Founder Andy Frye, doing taxes isn’t likely to make you wealthy. That is to say, the actual act of tax preparation does not often lead to wealth.
For example, let’s say you do 1,000 tax returns per tax season, which is a pretty huge number. If you charge $150 per head, that’s $150K per year. Yes you’re making good money but it’s not some outlandish amount.
Now for the good news! There are a lot of factors that help a tax preparer become wealthy. And many people who work as tax professionals do in fact become wealthy.
In this blog, you will find out specific ways to up your annual income, and also your net worth, through working as a tax preparer…keep an open mind because you may not have thought of some of these ideas before.