It is estimated that each year nearly 75 million people seek assistance with the preparation of their tax returns. This need arises primarily from the fact that most people are handling multiple priorities on a daily basis and simply don't have the time to keep abreast of the ever-changing tax laws. They would much prefer the comfort of delegating this work to those whose job it is to stay on top of new tax rules and regulations and in this way ensure that their returns will be in full compliance.

This situation means that those well trained and knowledgeable in this field will find their services in great demand. This is an especially attractive option for those who have been laid off from former employment due to the downturn in the economy. Training can be completed in as little as ten (10) ten week, in many cases by tax preparation firms which then may hire the most promising of the class directly upon graduation.

The nature of the work requires that successful tax preparers be comfortable conducing comprehensive client interviews in order to obtain complete financial information of either a business or personal nature. They must also hold to the highest ethical standards to ensure that all information disclosed is kept strictly confidential. The position of tax preparer requires keen attention to detail, strong familiarity with tax rules and regulations, the ability to interpret sometimes complex financial information, as well as excellent interpersonal and proactive listening skills. However, knowledge of advanced accounting practices is not required as the job entails use of only basic arithmetic skills.

The income potential can also be very attractive as those with strong experience in the field can charge of fee of $100. or more per hour during tax season. If it is your intention to open a solo practice, you may want to combine tax preparation with payroll or bookkeeping services to ensure a steady year-round cash flow. In this regard, it would be a good idea to contact your secretary of state to obtain information on any business licensing requirements.

Most tax preparation courses are of a ten (10) week duration so that this career can be launched in a relatively short period of time. Opportunities for career growth can stem from enrolling in continuing education in advanced and small business tax preparation. Another option is to pursue an associates or bachelor's degree in accounting to expand the scope of services you will be able to provide. Many of these programs are offered online which provides much flexibility in completing the course requirement as students can access the "lesson" and complete any assignments on a 24/7 basis.

Becoming a tax professional is a relatively inexpensive and time favorable way to embark on a promising new career with good growth potential. As noted, it is an especially attractive option for those laid off due to the current recession as this is a field which will continue to fill a need for a large portion of the population.