Benjamin Franklin wrote, "Nothing can be said to be certain,
except death and taxes." It's only logical that if you were to build a
business, being in the tax industry is a stable choice.
Over the years, the Internal Revenue Service upgraded its
processes and systems which paved the way for the growth of the tax
industry. It also led to the practice of tax preparation that started in the
1980s.
Complications in tax procedures urged individuals and businesses
to seek assistance from tax professionals. In 2019, 56% or 71, 725, 000
of e-Filed tax returns were done by tax professionals.
IRS allows professionals who are registered with them to file tax
returns for their clients. Tax professionals are Tax Preparers, Enrolled
Agents, Certified Public Accountants (CPAs), and Attorneys.
Since 2000, becoming a tax preparer has been a lucrative career.
The top five states with most tax preparers are from California, Texas,
Florida, New York, and Illinois.
We started our tax company Carter Capital, PLLC in 2013.
Shondricka Carter Carter Capital, PLLC with a passion for numbers
and an extensive financial background. Every year the client base
grew and the services enhanced. Shondricka learned how to make
money work best for small businesses developing strategies while
bootstrapping and how to become a scalable profitable small business.
Tax preparation is an annual-type of work. Busy season is from
January to April of each year. Aside from registered tax preparers,
most tax-related businesses such as accounting or law firms expand
their services to tax preparation.
Every year, people undergo training to become a tax preparer.
They also register, and start their own business or get employed.
Page | 5
Overall, the IRS issued 773, 911 Preparer Tax Identification Numbers
(PTINs) and 360, 000 offices registered with Electronic Filing
Identification Numbers (EFINs) for the year 2019.
Building a tax preparation business is easy. It has minimal startup costs and a high return. It's also a stable career. If you're just
graduated from high school and want to start a career in finance,
becoming a tax preparer can be your first step.
In 2019, we launched Carter and Associates, LLC a tax
preparation company. The two worked tirelessly to create a new kind
of business model - one that replaced compromise with a sense of
achievement.
Building became effortless for us, so we thought, why stop there?
Today Bruce and Shondricka Carter (Carter And Associates,
LLC)