Top 5 Reasons To Become A Tax Preparer (+ Random Live Q&A)

In this video, Alexander Efros, MBA, EA, CPA, CFP® from Efros Financial discusses the Top 5 Reasons To Become A Tax Preparer!

NOTE: The Efros Financial Power Hour live stream will begin at 7:00PM PST (10:00PM EST) on Wednesdays starting on 8/24/2022! Bring your questions, tell your friends, and let's talk finance! :D

Top 5 Reasons To Become A Tax Preparer

0:00 - Introduction
1:14 - Reason #1 - Can be intellectually stimulating (tax research, problem-solving, etc.).
6:30 - Reason #2 - Increase your effectiveness as a financial advisor, consultant, business owner, etc.
11:39 - Reason #3 - Demand is currently high as baby boomer tax professionals are retiring.
15:15 - Reason #4 - Ability to “hang a shingle” (low start-up costs, benefits from technology).
19:50 - Reason #5 - Opportunities to specialize and increase your income.

Live Q&A

24:42 - What do you think about getting started as a "TurboTax Auditor"?
30:30 - What do you use to stay up to date as a tax preparer aside from continuing education?
36:00 - What is the best software to choose if you are new to tax preparation?
41:47 - I want to make at least "doctor money" being an accountant (doctors in Canada make $300,000 per year on average). How much can I charge a client for being their accountant?
46:40 - Are there any tax courses that you recommend to become a tax professional?
48:45 - I want to build a big accounting firm and I always compare success with a doctor's salary. Do I have to go door-knocking to get clients or are advertisements sufficient?
53:05 - When is the most ideal time to leave a "Big Four" firm as a CPA and start your own firm?
59:05 - How much can/should I charge as a CPA doing individual tax returns for people?
1:05:23 - Is it worth getting a CPA license over the Enrolled Agent (EA) credential?


IMPORTANT: The information presented in this video is not tax advice, tax analysis, or legal advice, and it should not be construed as either of these. Consult with a qualified tax and/or legal adviser prior to acting on any of the information presented in this video.

Efros Financial is a Los Angeles-based CPA firm providing financial planning and tax preparation/resolution services.

Visit Efros Financial online -- we're here to help! https://www.efrosfinancial.com/

Questions? Please feel free to reach out at (323) 531-3500 or [email protected].