Here’s What It Takes to Become a Successful Tax Prep Specialist in Texas
Every career path has a diverse set of requirements. No one can stop you from becoming a tax preparation specialist if you take the necessary steps correctly.
When we talk about becoming a tax preparation specialist in Texas, there are some special requirements you need to fulfill to step up each ladder towards achieving your dream. Here’s a step-by-step guide on how to become a tax preparer in Texas. So, continue to read on…
- Earn a Relevant Degree
Whether you intend to work in a tax firm or start your own tax business, earning a bachelor’s degree is a must. Having a strong educational foundation is necessary to be successful in the complex tax landscape. So, invest time in finding the majors for tax specialists, some of them are as follows:
- Accounting
- Finance
- Business administration
Make a choice based on your interest. Then, locate a reputable educational institute in Texas where you can enroll in the respective bachelor’s degree program. Browse the Intuit blog post to learn about what will empower you to become a tax preparer in Texas successfully.
- Grasp the Requirements for Tax Preparers in Texas
In Texas, there are no specific licensing mandates for tax preparers. However, it is essential to comply with the federal guidelines established by the Internal Revenue Service (IRS) in order to provide tax preparation services legally.
The fundamental federal prerequisites include acquiring a Preparer Tax Identification Number and completing the Annual Filing Season Program (AFSP). The AFSP encompasses subjects such as recent tax regulations, filing obligations, ethics, and professional behavior.
- Obtain Certifications Needed
Obtaining professional credentials and certifications can make you a more skilled and credible tax specialist. To become more efficient in improving your workflow and increasing your earnings, always choose certifications that can benefit your career path.
Look at some common certifications that every tax specialist must earn before starting their careers or their own businesses.
- Certified Public Accountant (CPA) – Enrolling in this credential is necessary to achieve the highest level of competency in accounting. You will be allowed to start practicing as an accountant professional in your state.
- Enrolled Agent (EA) – Obtaining this certification will allow you to represent your clients in any disputes that they may encounter with the IRS. You will have to pass the three-part exam and stay informed about IRS-imposed rules and laws with ongoing education.
- Gain Professional Experience
To advance your career and prove your name as a tax specialist in Texas, get professional experience. In the beginning, it’s Okay to work in a well-known accounting or tax preparation firm as a seasonal tax preparer.
The options are endless; you can also get an accounting or tax prep internship that most financial and educational institutions usually offer. To find a job or an internship, browse different local career fairs, job websites, and local job services.
The more reliable the job-finding platform is, the more reliable tax preparation firm you will find, where you can gain professional experience.
