Tag: tax education
What Can I Do With My CTEC Certification?
An education in state and/or federal taxation goes a long way. There are several ways you can use your tax education if you get your CTEC certification or other various tax credentials.
1. Boost Your Career: A tax certification demonstrates your financial literacy and sets you apart in the job market. Even if you're newer to the financial industry, interviewing while already certified shows that you are serious about and ready for this new job. It's especially valuable for roles in tax preparation, bookkeeping, accounting, finance, or mortgage lending.
2. Help Family and Friends: Even if you decide not to become a professional tax preparer, you can become the tax whiz in your social circle! With your newfound knowledge, you can confidently answer questions and offer guidance to loved ones, saving them time and potentially money on their tax returns.
3. Start Your Own Tax Prep Business: Tax preparers are always in demand during tax season, but you may not realize that tax professionals are retiring faster than they can be replaced. Having a tax certification allows you to start your own tax preparation business and offer basic tax preparation services to friends, family, or even a wider clientele. As you gain more experience, you can increase your tax preparation service offerings and your revenue!
4. Save Money and Time: Understanding tax deductions, credits, and filing requirements can mean significant savings come tax season. You'll be able to confidently navigate tax forms and software, avoiding costly mistakes or missed opportunities.
Other Tax Education and Certification Options:
- IRS Annual Filing Season Program: This is the basic competency program for professional tax preparers.
- State Specific Tax Training: Many states, such as California and Maryland, require state-specific tax preparation registration and training.
- Niche Tax Avenues: Some specific areas in the field of taxation have special designations and benefits such as the IRS Acceptance Agent program.
