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Benjamin Franklin wrote, 'Nothing can be said to be certain,except death and taxes.' It’s only logical that if you were to build abusiness, being in the tax industry is a stable choice.Over the years, the Internal Revenue Service upgraded itsprocesses and systems which paved the way for the growth of the taxindustry. It also led to the practice of tax preparation that started in the1980s.Complications in tax procedures urged individuals and businessesto seek assistance from tax professionals. In 2019, 56% or 71,725,000of e-Filed tax returns were done by tax professionals.IRS allows professionals who are registered with them to file taxreturns for their clients. Tax professionals are Tax Preparers, EnrolledAgents, Certified Public Accountants (CPAs), and Attorneys.Since 2000, becoming a tax preparer has been a lucrative career.The top five states with most tax preparers are from California, Texas,Florida, New York, and Illinois.We started our tax company Carter Capital, PLLC in 2013.Shondricka Carter Carter Capital, PLLC with a passion for numbersand an extensive financial background. Every year the client basegrew and the services enhanced. Shondricka learned how to makemoney work best for small businesses developing strategies whilebootstrapping and how to become a scalable profitable small business.Tax preparation is an annual-type of work. Busy season is fromJanuary to April of each year. Aside from registered tax preparers,most tax-related businesses such as accounting or law firms expandtheir services to tax preparation.Every year, people undergo training to become a tax preparer.They also register, and start their own business or get employed. Page | 5Overall, the IRS issued 773,911 Preparer Tax Identification Numbers(PTINs) and 360,000 offices registered with Electronic FilingIdentification Numbers (EFINs) for the year 2019.Building a tax preparation business is easy. It has minimal startup costs and a high return. It’s also a stable career. If you’re justgraduated from high school and want to start a career in finance,becoming a tax preparer can be your first step.In 2019, we launched Carter and Associates, LLC a taxpreparation company. The two worked tirelessly to create a new kindof business model - one that replaced compromise with a sense ofachievement.Building became effortless for us, so we thought, why stop there?Today Bruce and Shondricka Carter (Carter And Associates,LLC)
