How to Start a Tax Preparation Service

IRS REGISTRATIONSOFTWARETRAININGSUPPORTBANK PRODUCTSMARKETING /
PERSONAL COACH
SITE SELECTION /
OFFICE SET UP
IRS REGISTRATION
Before your business can get off of the ground, there are two important numbers you will need to start your tax preparer training. In order to prepare tax returns for compensation, you are required to obtain a Preparer’s Tax Identification Number (“PTIN”). To electronically file tax returns, you must acquire an Electronic Filing Identification Number (“EFIN”).

Preparer’s Tax Identification Number
A PTIN is an identification number that all paid tax return preparers must use on U.S. federal tax returns submitted to the Internal Revenue Service. You can obtain a PTIN online at irs.gov at a cost of $64.25 per year.

Electronic Filing Identification Number
An EFIN is a number assigned by the IRS to an individual admitting that person into IRS eservices and authorizing that individual to electronically file tax returns. Although there is no cost, the application process will require you to submit your fingerprints and agree to a background check. If you encounter a problem, we will work with you to identify a lawful solution.

SOFTWARE

We have the best professional tax software available. Our software is “on the cloud,” making it accessible from anywhere. You can even prepare returns from a smart phone or tablet pc. It is very user-friendly and easy to learn. The program is “interview mode” driven so you will never see a tax form. Should you need help, our IT and tax professionals will be only a telephone call away and can immediately access the return you are working on from our office in Indianapolis without the necessity of a screen share.

TRAINING

We will train you one-on-one. You will not be forced into a cattle call. One of our trainers will call you on the telephone and remotely access your computer over the internet. You will be walked through the software step-by-step and permitted to ask questions and get answers on the spot. You will be given the time and attention required for you to learn the software. Furthermore, on a secure section of our web site, we will have detailed training videos, practice returns, and other training tools you can review at your convenience.

Also, you can follow-up with your trainer or a member of our staff whenever you need additional help. We remain available to you at all times. You also will be trained telephonically and through our web site on the basics of tax law. In other words, we will teach you the basic rules that govern the “straight-down-the-middle” or routinely encountered tax returns.

SUPPORT

Support is very important to profitability. Quite simply, without proper support you will lose money. Murphy’s Law teaches ultimately something will go wrong. As such, in the spirit of the Boy Scouts, we must be prepared. We stand behind you with a staff of IT and tax experts ready to assist you in real-time and answer the tough questions. When you call us, we will not put you into voicemail or force you to email us your concern. We will answer your question and, if we necessary, access the return you are preparing from our office in Indianapolis and resolve the problem immediately. We remain available 24/7/365.

BANK PRODUCTS

In order to be competitive, you must be able to deliver the customer’s tax refund quickly. With us, you can print checks on-site or have the customer’s refund applied to a debit card you issue them. Do not worry about bank approval. All of our Tax Preparation Affiliates are guaranteed to be approved by virtue of our contract with the bank.

MARKETING/PERSONAL COACH

This business is more about location and marketing than it will ever be about taxes. The software is so easy to use tax preparation can be done by anyone. The hard part is getting customers to your retail location to pay you to prepare their tax returns. Fortunately, we know exactly what to do get the customers through the door. We will share our considerable experience and successful marketing techniques with you by assigning you a Personal Coach.

  • Your Personal Coach will be an individual who has operated a tax office and counseled others as well.
  • Your Personal Coach will be your point-of-contact for all of your marketing and other business concerns.
  • Your Personal Coach will know the particulars of your business and will work with you to develop a short Business Plan to lay out your goals and what is required to achieve them.
  • This expert will conduct a Market Analysis to evaluate the competition and ascertain a prime area in which to locate (Site Selection). If needed, this expert will be available to negotiate your lease.
  • Most importantly, your Personal Coach will share with you Proven Marketing Strategies and help you select low-cost Marketing/Promotional Materials available on our web site to support your endeavors.

Whether it is Print, Radio, TV, or any other marketing tool, we can get it done to your specifications. Always, your Personal Coach will remain available to you for counsel on any issue that may arise throughout tax season.

We will not let you make any business decisions alone. Rather, we will arm you with all we have learned setting up tax offices all over America. Nothing about this business is complicated. If you are willing to work hard, you will do very well.

SITE SELECTION/OFFICE SET-UP

The wrong location will result in the complete failure of your tax business. Based on tax office, zip code-specific data, we know the best places to locate a tax office, and your Personal Coach will do a Market Analysis and share that information with you. As we stated in our mission statement, our first aim is to make you money. Accordingly, we will identify only those things (computers, equipment, furniture, etc.) absolutely necessary to make your business profitable. And, we will help you acquire those essential items at the least cost.