Median Salary The Bureau of Labor Statistics (BLS) reports the average salary of a tax preparer as $46,860, however this number can increase if you earn an additional degree and gain experience. In addition, firms in cities with a higher cost of living tend to pay tax preparers more.
Average Tax Preparer Salary
- On average, a Tax Preparer make $49,550 a year. The lowest-paid 10 percent made $21,750, while the top-paid 10 percent made $87,060. * Based on information from the May 2019 salary report from the BLS. Tell us about yourself so we can find programs near you. The top earning state in the field is New York, where the average salary is $65,580.
Can I make a living as a tax preparer?
Tax preparers earn the bulk of their annual income during the first quarter of the year, between January 1 and April 30. And like teachers, many tax preparers are able to a significant amount take time off during the summer and fall, sometimes as much as three months. Look for gigs on Craigslist, Elance, and LinkedIn.
How much do tax preparers make?
The average cost of hiring a tax professional ranges from $146 to $457. Purchasing tax accounting software can be a less expensive option; it can be free (for simple returns) and for more complex filing options, it will generally cost less than $130.
How much does a tax preparer make at H&R Block?
The average H&R Block hourly pay ranges from approximately $42 per hour for a Tax Consultant to $42 per hour for a Tax Consultant. H&R Block employees rate the overall compensation and benefits package 3.1/5 stars.
What do tax preparers do in the off season?
Most tax pros have several skills that keep them busy in the off-season. They may counsel businesses on ways to increase profits, advise individuals on investments or retirement planning, or perform payroll, bookkeeping, or forensic accounting services for their clients.
Is it hard to become a tax preparer?
The task of becoming a tax preparer can be relatively easy compared to the rocky road of some similar ventures, such as becoming a real estate agent or an insurance agent. Tax preparation can be a quirky profession, meaning it is essentially not a year round profession but a more seasonal one.
Is a tax preparer a CPA?
If you decide to use a tax professional, you will generally find two main categories of tax service providers: the licensed tax professional—a Certified Public Accountant (CPA), or the unlicensed tax professional —a tax preparer.
Are tax preparers in demand?
Growth Rates Employment for tax preparers is expected to continue to rise through 2022 by nearly 14 percent, according to ONet Online. The Bureau of Labor Statistics estimates that job growth for accountants in general will continue to grow by 13 percent through the same year.
What is a tax preparer called?
There are four general types of tax preparers: certified public accountants, enrolled agents, tax attorneys, and non-credentialed preparers.
What does Jackson Hewitt pay tax preparers?
The typical Jackson Hewitt Tax Preparer salary is $12 per hour. Tax Preparer salaries at Jackson Hewitt can range from $9 – $21 per hour. When factoring in bonuses and additional compensation, a Tax Preparer at Jackson Hewitt can expect to make an average total pay of $12 per hour. 4
What are the steps to become a tax preparer?
To do so, you must:
- Take a 60-hour qualifying education course from a CTEC approved provider within the past 18 months.
- Purchase a $5,000 tax preparer bond from an insurance/surety agent.
- Obtain a Preparer Tax Identification Number (PTIN) from the IRS, and.
- Pay a $33 registration fee.
How much does a tax preparer make at Liberty Tax Service?
Average Liberty Tax Service Tax Preparer hourly pay in Canada is approximately $16.25, which meets the national average. Salary information comes from 293 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
How long does it take to become a tax preparer?
The Income Tax Level 1 course starts with a foundation of tax theory where concepts build upon each other.