Category: blog&news

Don’t Most People File Their Own Taxes?

While it’s true that many people will prepare and file their own taxes, more than half of Americans still rely on professional assistance. Many of those who file themselves are also unaware of the savings they are missing, and may believe that it is not worth the cost of a CPA, the perfect opportunity for a trained preparer to fill this gap.

Build Your Skills As A Tax Pro!

Every year companies tell us about how many gazillion dollars we are missing out on with our returns. What if you could help those people capture that lost money, and make as much as $100 per hour for your time? That’s what our tax prep packages set you up for, giving you the training and IRS registration help you need to prepare taxes professionally.

Of course, not everyone will make quite that much, as it can take lots of time and hard work. Our customers consistently succeed, however, making surprisingly good money with relatively minimal effort. This is the perfect way to save, or treat yourself to something outside of your regular budget!

Convenient, Efficient & Profitable

NTO gives you the resources to run an exceptionally professional preparation business. Imagine a shadowy garage door entrance, covered in cobwebs, a secret knock, and handwritten I.O.U.’s for refunds… This isn’t you! Our affiliates can help you create sharp marketing pieces, from business cards to flyers, find office space when you expand, and issue checks printed on site or debit cards for convenience! If you’re serious about making money, National Tax Office is ready to support you.

Join Our Family Of Tax Professionals Today!

We’ll even help you get your preparer’s identification number and electronic filing I.D. from the IRS (EFIN & PTIN!) You’ve probably been thinking about this for a while, give us a call today to find out how simple it is to get started!

Filing Early? Take Advantage Of The Extra Time!

April 15 is approaching quickly, and millions of Americans will soon be searching for a tax professional to assist them with this year’s filing. Instead of paying someone else, year after year, to prepare and file your taxes, shouldn’t you be the one getting paid? Tax preparation is a great way to increase your income, and with tax season on its way, there’s still time for you to get a piece of the pie!

Your Refund Shouldn’t Be The Only Check

A tax refund is a welcome boost for many, but what if you had the opportunity to grow your refund check into real profit? Imagine the independence and freedom you could feel if each year people paid YOU when tax season arrived?

There is a common misconception that you need to be a CPA to file taxes, however, this is simply untrue. While some training is certainly necessary, with the help of NTO you can be a qualified tax aficionado in no time at all!

This year, as you periodically check your bank account looking for your refund, imagine you are also seeing other income. If you’ve ever dreamed of owning your own business, being your own boss, or just making more money, tax preparation could be your ticket!

Do Even More For Your Bottom Line

If you enjoy helping others, or working with numbers, even without a formal math degree, NTO can help you become a professional tax preparer and open an office. We can help you get started with any skill level or budget, and you’ll receive a personal coach to guide you along the way!

We’ll even help you get your preparer’s identification number and electronic filing I.D. from the IRS (EFIN & PTIN!) You’re already ahead of the curve by reading this, give us a call today and make it a slam-dunk.

Starting a business is a dream shared by countless American’s, and few opportunities offer the stability and return as a professional tax preparation business. Every year hundreds of millions of Americans seek the help of a professional to save time and money, creating incredible demand for those with the knowledge and skills to properly file a completed tax return. The biggest myth in this process is that filing taxes professionally requires an accounting degree, and can only be performed by a CPA.

Do You Need A College Degree?

Filing taxes professionally requires many things, from patience to a comfort with numbers, but it does not require a college education. Contrary to popular belief, taxes are not really an accounting subject, but actually qualify more as a law study, if anything.

While some training will be required, and you will be asked to take a competency exam, the requirements are relatively small for someone who is interested in starting their own business and has time for some studying. With the right training materials and support you can be on your way to a successful career in no time!

This doesn’t mean an accounting or similar degree would hurt, however, and you are absolutely encouraged to explore higher education, and to increase your understanding and confidence with even the most complex tax concepts. Fortunately, though, they are by no means requirements, even for the most successful tax preparers.

Do I need To Take The CPA Exam?

A CPA is able to perform a number of accounting responsibilities, including estate planning, financial analysis, and corporate governance. While filing taxes certainly qualifies as a service provided by CPAs, it is not an exclusive practice and can be undertaken by almost anyone. Basic understanding of tax requirements and laws are important, and as we have mentioned, some training, it is far less stringent than becoming a CPA.

Get Started With National Tax Office Today!

Whether you’re fulfilling a lifelong dream of being an entrepreneur, or looking for a way to boost your supplemental income, National Tax Office can get your journey started today. Get all the training and coaching you need, IRS registration, and even marketing materials to promote your business, all from National Tax Office! We’re here to help you no matter what questions you may have, day in and day out. Get in touch with us and get started in no time!

The Affordable Care Act, commonly known as Obamacare, has changed the way millions of Americans receive health care coverage. This sweeping legislation has undoubtedly helped many gain coverage, but there are still several million people without coverage. Beginning in 2014, those who fail to acquire coverage are subject to a tax based penalty under most circumstances. Will your clients be affected by this tax?

What Coverage Is Required?

According to HealthCare.gov, there is a Minimal Essential Coverage required by the ACA that defines what specific items qualify as adequate health coverage. Some common examples of qualifying coverage include “…individual market policies, job-based coverage, Medicare, Medicaid, CHIP, TRICARE and certain other coverage.”

If your client purchased coverage through a state exchange, HealthCare.gov, or their employer, they have met the minimum coverage amount. Certain older policies also qualify, even if they do not meet newer standards, although this will change in years to come.

What Are The Penalties?

If your client did not have coverage during 2014 (Beginning March 31, 2014,) it is likely they will incur a tax penalty. Per return, your client will pay $95 for each adult and $47.50 for each child, up to a maximum of $285 or 1 percent of household income, depending on the level of income.

The Affordable Care Act stipulates that these rates increase each year, meaning that the same client would owe $325 for each uninsured adult in 2015, and $695 for each adult in 2016. Again these are limited to $975/$2085 or 2%/2.5% of income respectively.

Keep in mind that any lapse in coverage lasting fewer than 3 months does not will not incur a tax penalty for your client.

Get Your Tax Preparer Questions Answered Today!

Obamacare may impact your clients taxes in other, more complex ways as well, depending on income level and other factors. National Tax Office is here to help answer all of your tax related questions, and help your business thrive! Becoming a tax pro has never been easier, and there has never been a better time to own your own business. Get in touch with us and get started in no time!

If you are faced with the decision of whether or not to start your own tax business, it could be helpful to take a closer look at the benefits of doing so. Tax preparation professionals can enjoy a variety of career advantages that aren’t as readily available to experts of other industries.

Career Stability

An important characteristic that many individuals seek in a job is the surety of having a stable career that will provide income and satisfaction. Completing tax preparer training and starting your own business as a tax expert allows you this kind of envied stability. Unlike other industries that are affected by recession problems, taxes are an integral part of living and tax preparers are constantly in demand.

Flexibility

Job flexibility is a great benefit to have because it enables professionals to determine the amount of work they do. The autonomy associated with such decision making often enables people to enjoy their job more and to participate in other activities that are important to them. Preparing taxes is a job that does have considerable flexibility when compared with other jobs.

Monetary Satisfaction

The potential to make a stable income is another incredible benefit associated with tax preparation. Depending on the amount of clients you have, the kinds of clients they are (individuals vs. businesses), and how often you work, you can potentially make a hefty sum of money.

Ability to Help Others

A common reason people choose to get involved in tax preparation is to be able to help other people. Dealing with taxes, returns, and other financial components can be stressful and confusing for someone with no understanding or desire to deal with such issues. A tax professional can assist anyone with their taxes and help them organize essential documents for easy reading and efficient use.

Whether you are seeking a job that is recession resilient, flexible, money making, or of service to others, your decision to start your own tax business can provide you with many incredible benefits. Here at National Tax Office, we have all of the tools and trainings you need to become an expert and turn your dream into a reality.