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Tax Pros Franchising

Tax Pros Franchising Rationale and Reasons to Own a Tax Business

Times They Are Changing!
I assume you have probably heard of three recent IRS regulations that are critical to your future in the tax industry, whether you remain a preparer or move up to become a business owner.

  1. Preparer Tax Identification Number (PTIN) Registration ($63.00 Annual Fee)
    The IRS is using the PTIN to monitor the next two requirements of Registered Tax Return Preparer Testing and Continuing Education (CE).
  2. Continuing Education (CE)
    The IRS now requires 15 hours of continuing education (CE) annually to keep your PTIN active. Once again this regulation is for ALL tax preparers not under the supervision of a CPA or Attorney.

Though not a part of the regulations yet, you may also need to be fingerprinted and agree to an IRS Tax Compliance and/or Background Check.

The purpose of these rules is to "weed-out" unscrupulous or poorly trained preparers who have caused problems for consumers...AND the IRS.

The IRS Is Trying To Reduce Your Competition!
I've heard many in the tax industry complain that the IRS is trying to put ALL tax offices out of business. In my opinion, nothing could be further from the truth! The IRS regulations are designed to "clean-up" the industry and will significantly reduce the number of preparers and offices. But for those tax businesses who comply with all the IRS regulations, there should be an abundance of opportunity.

We predict that in the very near future, you will no longer see a tax office on every street corner. This will cause clients to seek out Registered Tax Return Preparers who display a higher level of expertise and professionalism. You may also see the "lowest fee" type offices disappear as well. With the severe reduction in preparers and tax office locations, low price will NO longer be the deciding factor for potential clients. The quality of your service and advice will be what attracts new customers and keeps them for years to come.

Don't let this unique window of opportunity pass you by!

Change Could Mean Opportunity...For You!
Most people are afraid of significant business shifts because it creates a degree of uncertainty. But realize that when an established industry (like retail tax prep) undergoes massive change, opportunity opens up! But ONLY for those who know how to capitalize on these new circumstances.

With our vast experience we can show you how to turn "change into dollars."

What’s Included in Franchising?

  • Established Tax Pros name
  • IRS (e-services) assistance
  • E-fin assistance
  • Branding with multiple stores. More stores lend to increased credibility
  • Technical and Tax Support. Technical Support 24hrs/day during peak season time
  • Free Software
  • Our Marketing Package which includes the Tax Pros commercial, advertising credit history from Tax Pros, marketing materials design assistance, marketing representatives relationships, cheaper rates, etc.
  • Tax Preparer training
  • Assistance finding locations
  • Office set-up
  • Banking relationships
  • IRS relationships
  • Rebate potential
  • Growth incentives
  • Access to all IRS updates
  • Office materials and forms provided
  • Corporate support

This is an exciting time in the retail tax business and I hope you are still considering becoming a business owner. If you are, please contact me as soon as possible.
I look forward to speaking with you very soon.

Wishing you all the best,

Read more about the pros and cons of S Corporations, C Corporations, LLCs, and Limited Partnerships.
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