The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Registered Tax Return Preparer?||Date: 12/21/2012 10:42 AM|
|Author: AndrewXnn||Number: 117185 of 122579|
Other item would consider - how many clients will it take to "break even"?
Here are my estimated costs:
Up front Costs:
PTIN number: $65
Wiley Review Book: $50
Study & Exam Time: 24hr
PTIN number $64
CE Study Time 15hr
So, it would probably be possible to "break even" on as few as 2 clients. However, that would mean I'd be studying and working for nothing.
It's the continuing education time that will probably discourage the smaller tax preparation businesses.
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