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Ways to Make Money as a Tax Preparer

Best Ways to Motivate and Keep Your Tax Employees

By Tim Frye

There is no doubt that employee retention is paramount in maintaining customer relationships and keeping training costs down.  This is especially true when it comes to training tax preparers because that is a task that seems to continue for perpetuity, due to the circuitous nature of the tax code and it’s intricacies.  The keys to keeping employees satisfied and retaining them at the same time is based on strong leadership and efficient and proficient management practices.  If you can master these aspects of management, the result will be an employee team that is healthy and loyal and you will have a booming business to boot.  Let’s take a look at the best ways to motivate and retain your tax employees.

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Best Ways to Avoid Self-employment Tax Penalties

By Tim Frye

When a taxpayer is self-employed they are often required to send in quarterly estimated tax payments to the IRS.  The situation can become ambiguous and muddled when, as with most businesses, income vacillates from month to month or year to year.  It can be difficult at the point to determine estimated tax payment amounts that will keep you out of the penalty zone.  If you send to much your routine expenses will be a struggle now, but if you send too little you are going to be subjected to the estimated tax penalty on top of an already hefty tax bill.  Let’s look at some of the best methods in avoiding self-employment tax penalties.  After all, to run a successful business you are going to need to drop the majority of your earnings right back into the company to keep it afloat. 

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What are the Best Ways To Limit My Tax Bill?

By Tim Frye

Everyone knows that as tax time creeps closer the taxpayer’s stress level rises as January approaches.  Tax planning and preparation is an incredibly stressful year-round process.  However, if you haven’t done anything to prepare for your 2014 tax filing, don’t get your Dockers all in a bunch just yet.  As we come upon tax season 2015 let’s take a look at some of the steps that you can take to cut your tax bill and lower your stress knowing that you did your best. 

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How to Make Big Money Doing Taxes

By Tim Frye

Anybody can jump into the tax preparation game for a few years and make decent seasonal scratch, but the serious money you can make four months a year is what separates the big dogs from the rest of the pack.

Making great money doing taxes is a challenging and ego-testing endeavor indeed, but once you get your game fully on point, you can make some REAL NICE MONEY doing taxes.

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This article will show you a few ways to make big money as a tax preparer.

 

What are the States with the Highest Income Tax?

By Tim Frye

Let's say your planning on jumping ship and moving to another state for work.  Well it would be prudent to first consider how much your going to be paying for property tax, sales tax, and the all encompassing elephant in the room, income tax.  Anywhere you go the Federal government is due to take its fair share of income tax, but state tax can vary widely and will make a big difference on your overall tax at the end of the day.  Some state income tax rates vary by your income bracket and circumstances, whiile others levy no income tax whatsoever.  Those states are Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming.  Lets take a look at the states that have the highest income tax across the board.

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