Making Money Doing Taxes


Making Money Doing Taxes

By Tim Frye

If you are a tax preparer, and are looking to make a boatload of cash this upcoming tax season, you’d better start working at it now. There are over 800,000 registered tax preparers in the United States, so the competition is ubiquitous and fierce. And then you are also competing against the taxpayer themselves, because many people go into it on their own and file their own taxes because it can be very easy if their tax situation is simple. So if you want to separate yourself from the pack as a tax preparer and make a lot of money doing taxes, you need to prepare way before tax season starts and get all your ducks lined up. This article will show you how to do exactly that.




Marketing for Tax Preparation

Even though tax preparation is a business that only spans four months of the year, if you want to make great money in this profession you need to market yourself year round, day in and day out. You should be passing your card out to anyone and everyone you come across. You should look into buying advertising space in heavily populated areas, and maybe even look into getting a small commercial on television in your office’s area. These ideas do not come cheap, but are worth it come tax season. You have to spend money to make money, but don’t overdo it. The most effective way to market yourself is by handing out your cards in the most professional and confident manner possible. The tax preparation game is not a sales profession, but you should develop a good method to market your services. Every person, and all their friends you come into contact with, could be a client for life, and they could possibly bring their entire family to you for years to come.   When you do peoples’ taxes and do them professionally and effectively and save them lots of cash , they will without a doubt bring many of their closest friends and family to you in the hope you can make them look good.

Training for Continuing Education

If you want to make stacks on stacks of cold cash this tax season, you need to work extra hard to prepare. You should be looking at any and every way to advance your level of tax knowledge. You should be studying daily and staying sharp, keeping a keen eye on the ever evolving tax code. In turn, your studying can give you further knowledge, and can give you the confidence to take the enrolled agent examination, which will give you even more billing power.  

Opening up another tax office

When the time is right, you should be thinking of opening up another tax office if you are self-employed. The only way to make big money doing taxes is to expand your sphere of influence, and opening up an additional tax office in a great area would be the obvious choice. Location, location, location. You should be looking for an office that sits in an area where your niche market exists in large numbers. If your business caters to the Hispanic client, you should look to open up an office in an Hispanic area. It’s that simple. The hard part is finding a site and getting a good lease with the monthly amount annual amount at an affordable level.

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