00:06shh today I'll be sharing with you the
00:10secrets to start a tax business
00:13to make money in 2023 stay tuned because
00:18you don't want to miss it and make sure
00:21you subscribe to the channel
00:26welcome you guys to the channel I am Dr
00:29little likely and I'll be talking to you
00:31about the secrets to start a tax prep
00:35business make money during tax season
00:38okay I will be sharing with you all the
00:41steps so make sure you have a notebook
00:43or a tablet to jot these things down
00:45okay all right make sure you stay to the
00:48end too to see some of my other videos
00:50as well okay the first thing that you
00:58a lot of people think you have to be
01:00certified certified guess what you guys
01:02you do not have to be certified but you
01:06do need to know the tax laws and you do
01:09need to get educated because they're
01:11requiring the IRS requiring you to get a
01:14ptin number when you are getting ready
01:17to charge any clients or anybody to do
01:21tax preparation okay to file their taxes
01:25so it's important to have a ptin you do
01:28not have to be certified but you do need
01:30that number and I recommend you getting
01:32educated about the tax laws because you
01:34don't need that when you complete
01:36people's tax returns okay
01:39this is my fourth year going into Tech
01:41season for you guys who don't know and I
01:43am the owner of my grace tax services so
01:46as I share with you I'll be sharing from
01:48experience so let's go to number two
01:51number two you want to make sure that
01:55you are a e r o that you can e-file tax
01:59returns now you can go to the irs.gov
02:03submit an application complete the
02:06application and also they're gonna make
02:09sure that you pass the suitable check
02:12you're gonna have to pass a background
02:14check and you're gonna have to do
02:16fingerprints you guys to be ero now the
02:20first step that you do when you submit
02:21the application it'll take 30 days okay
02:24to get for them to get back with you but
02:28um then you go to next step and they're
02:30gonna um have you fingerprint and
02:32complete everything on the application
02:34and then move on it's gonna take up to
02:38three months what so get ready for that
02:40you guys and it's gonna be able to
02:42regrow your tax business because why you
02:45have your ptin you can only do paper
02:48returns so you got to make sure that you
02:50are ER that you can e-file tax returns
02:54once you pass that they're gonna have
02:56you on irs.gov as one of their
02:58authorized providers to file tax return
03:02and that's going to really help your
03:04business so I recommend you do that
03:06okay you guys okay now make sure you get
03:10tax preparation software that's number
03:13three tax preparation software so many
03:16people try to get their free filing
03:18software no when you have your ptin
03:21you're gonna have to sign put your
03:22number and you have to sign your clients
03:25tax form so you're gonna have to make
03:27sure that you do that that you have tax
03:30prep software or tax preparation
03:34software for tax preparers okay you're
03:39um I recommend Architects that's what I
03:42use architect software
03:44um it's better for you for you staying
03:46um for you if you're starting out and
03:48it's a little bit cheaper to help you
03:50guys out for you who are getting started
03:52also you want to make sure that you set
03:55up your tax office now whether you have
03:58a at home office because you can do
04:00virtual tax returns right guys or you
04:03have a physical location doing it are
04:05you doing it somebody home you want to
04:07make sure that you set up your tax
04:09office you have your cabinets you have
04:11your folders you have everything needed
04:13for your clients you have your updated
04:15information everything you're going to
04:17do everything that you need for your tax
04:19office you want to make sure that you
04:22set it up and especially set it up with
04:24your tax software as well and make sure
04:28that you have your tax prices for your
04:30clients so that they'll be able to look
04:32at it all right you guys all right
04:37you want to make sure that you either
04:39have a virtual tax uh preparation
04:42officers are a physical location or if
04:45you're going to own the go like me you
04:47can do that as well you make sure that
04:49you have everything set up with your
04:52virtual tax prep and with virtual you
04:55know you're gonna have to have
04:57um the app or something to be able to do
05:00virtual tax returns to help your tax
05:03clients as well you need all those
05:05things you guys so when you get your
05:08business everything is stabs inside up
05:10make sure you're registered by your
05:12stickers there or state
05:14um with a business entity well it is LLC
05:18sole proprietor I recommend LLC
05:21Corporation S Corp one of those to make
05:24sure you are uh make sure you um pick
05:28your tax name before you register as
05:30well going back to that and make sure
05:32you get your EIN number so when you have
05:35everything set up you guys and you have
05:37everything and you partner don't forget
05:39also you're gonna need a partnership
05:41with a bank and a software company
05:43because that's going to come through
05:44your software but you're gonna need a
05:46bank partner to be able to them to get
05:49that money direct deposit as well so
05:52once you complete all these things
05:54you're ready and those artists
05:59and starting your own tax prep business
06:02you guys are you ready now stay tuned to
06:06more coming up because I'm going to
06:07share some more information in this
06:09video it is not the end of the video so
06:11make sure you watch it again because
06:12I'll be sharing some more information
06:16um and make sure you check out the
06:19playlist of how to complete text
06:21Preparation is fine on my channel and
06:23you have a great day you guys alright
