Step 1 of The Pronto Path: Initiation

Every journey begins with the first step, and in episode 1 of Tax Pro Nation, we take the Initiation step in the 9 steps of The Pronto Path. The Pronto Path is a career roadmap or framework to remove fear and doubt from the tax profession. If you’re wondering how to get from where you are right now to where you want to be as an independent tax professional, this show is for you!

Step 1 is all about getting educated, registered, and deciding which direction you will head in the business.

Resources mentioned:

Tax Pro Nation is sponsored by Pronto Tax School, Inc. Sponsored links include:

Topics discussed:

[02:00] Naming misconceptions in tax professional credentials
[03:17] 4 main reasons tax pros get into the business
[04:12] What kind of money can be made working only a portion of the year?
[06:09] How one tax pro uses his new flexible schedule and time freedom to pursue his passion of Dragon Boat Racing
[06:59] Why a stay-at-home mom is a great fit for the tax industry
[09:23] How tax pros can be the hero for their clients
[10:15] Do I have to always be on the go and extroverted to be a tax pro?
[12:29] Why setting proper salary expectations is key at this step
[14:28] What if I am an intrapreneur at a tax company? Or want to start there?
[15:42] The surprising truth about getting into the tax business
[17:02] Requirements for Oregon (OR) tax pros
[17:18] How many states have zero requirements for education or testing?
[17:32] Does my state have any requirements?
[18:55] Does doing someone’s taxes make me responsible as the tax preparer?
[21:07] Why isn’t there a federal tax license test? Is one coming?
[22:13] Where to check if my state requires education or testing? Pronto Tax Hotline 310-422-1283
[23:44] Should I “go pro” in states that don’t have any requirements without training/support?
[25:49] The IRS instructions and explanations on the tax forms should tell me everything I need right?
[27:14] Visit taxpronation.com/basic to learn about the Basic Income Tax courses to get educated
[28:04] The one federal number I need to get as a tax professional
[30:19] What kind of education courses do I need to start with?
[30:40] Requirements for California (CA) tax pros
[32:15] What other numbers do I need as a tax pro?
[33:57] Reminders for entrepreneurs starting any business to keep in mind
[34:59] What if I don’t want to start my own tax business right away? What are my other options?
[35:40] How many get started in taxes unintentionally
[36:02] What can set you apart from other applicants to land a good tax pro job
[36:54] The challenge independent tax businesses have to train up their staff and efficiently onboard them
[37:37] A great way to determine which direction you want to head: Entrepreneur or Employee to start?
[38:14] What can I expect when I go to work as a tax pro employee?
[39:52] Advantages I may already have to succeed in the tax industry
[45:52] “When we help someone with their taxes we are helping them with their life.” (Tweet that) (Instagram Card)
[46:14] Being a Why business instead of a What business
[48:14] Book: Start With Why by Simon Sinek
[48:28] The entrepreneurial wave and how to profit from it as a tax pro. Visit taxpronation.com/business
[49:15] What can I expect in my first tax season?
[50:32] A third direction besides entrepreneurship or employment for tax pros to consider
[52:52] Is tax preparation still a good business in light of the new tax law?
[54:39] “75% of CPAs will retire in the next 15 years”
[55:01] Reverse ageism and the benefit of experience
[56:02] How to enter a virtuous cycle early in your tax career through mentoring
[58:22] Individual tax returns on a postcard and the opportunity this creates
[01:00:05] Why Andy created the Business Tax Verified online course

facebookShare on Facebook
TwitterTweet
PinterestSave

You may also like

burnt out tax preparer

Tax Preparer Burn Out: How to Cope with the Inevitable

Tax Preparer Burn Out: How to Cope with the Inevitable

By Tim Frye

For those of you future preparers who plan on being super successful—and who doesn’t plan on that?—you should also plan on being super-burned-out once tax season ends.

Experiencing that “I never want to see another tax return for as long as I live” feeling is part of being a tax preparer and certainly every successful tax preparer faces this challenge.

burnt out tax preparer 

When that end-of-tax-season burn-out sets in, you better have a concrete plan of how to deal with it or you could fall into that clinical abyss known as: tax season hangover.

This article contains a few suggestions for dealing with the inevitable tax preparer burn-out.

Tax Pro Nation podcast

Salesmanship with Chauncey Hutter, Jr.

Leading marketing consultant and business success coach Chauncey Hutter, Jr., calls into the show to share his valuable insights into marketing and salesmanship from his extensive career. As as an owner with 27,000 tax-return clients and coach with 3,700 tax business owner clients, Chauncey holds nothing back about the current landscape of the tax industry and where all the opportunities are. He has actually never seen more opportunity than now to capitalize on the giant shift under way.

What Business can I Start with my Grandkids?

A tax preparation business is the ideal business for grandparents to start with their grandchildren. In addition to beginning a new business, the family members get to spend a lot of time together.