Don’t Lose Money waiting for the “Right” Moment

Don’t Lost Money waiting for the “Right” Moment

Are you looking to start your career as a tax preparer? Does the idea of running your own tax office sound interesting and appealing? While the prospect of starting your own tax business might seem like an exciting venture, there is one important thing you should know before you start: don’t delay!

A common misconception about becoming a tax preparer is that you can start in the fall and be ready for business in January. While it can be done, you’ll be in a much better position to gain customers and start turning a profit if you start TODAY.

The major trap that most aspiring tax preparers fall into is waiting until autumn to start up. It might seem like July is a little early to begin thinking about tax season, but there are plenty of reasons why starting right now – in the summer - is your best choice if you are thinking of entering this exciting and lucrative career.

Know that your doors aren’t going to open as soon as you decide to start your business. Filing for an EFIN, acquiring the appropriate software, and getting your I’s dotted and T’s crossed can take longer than most people realize. If you wait until September to start, you might not be ready for business until November. If you start by taking these important steps now, you’ll be ready to hit the ground running in the fall. You’ll be months ahead of your competition and ready to advertise your business and start working with customers.

We’ve all heard the saying, “the early bird gets the worm.” While there are successful tax preparers out there who started their businesses later in the year, if you start now, you’ll be able to finish up the important initial tasks at a more leisurely pace. You’ll then be able to focus on attracting customers earlier, and will earn more during the actual tax season because you’ll have more time to focus on your customers’ needs, knowing that the preliminary steps to opening your own tax business have all been taken care of – way before your competition started.

Have you started a tax business recently? How did you go about opening up shop?

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