How My Tax Season Went: Is the Tax Profession Still Lucrative?
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- Опубликовано: 21 июл 2024
- Check out TaxDome here: taxdome.com/?fpr=noel4
It's a wrap! After powering through my 9th tax season as a self-employed CPA, I'm sharing the behind-the-scenes scoop. 👨💻 Discover the secrets to my most successful (and stress-free!) tax season yet, and how you can apply these game-changing lessons to your own career or business.
But that's not all! Later in the video, I'll dive deep into the tax profession industry, addressing the burning question: Is it still a viable and rewarding career path to pursue? 💰 Get the insider's perspective straight from a seasoned pro.
Whether you're an aspiring accountant, a fellow tax warrior, or simply looking to level up your professional game, this video is a must-watch. Get ready to gain valuable insights, strategies, and an honest outlook on the tax profession's future.
Don't miss out on this tax season debrief and industry analysis - click play and let's get started! 📽️
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Hey there, welcome to my channel! I'm Noel Lorenzana, a Registered CPA in Illinois. My goal is to help you pay only what you legally owe in taxes, and take the fear out of dealing with taxes and the IRS. Just a heads up-watching this video doesn't make me your personal accountant. No client relationship is formed here. Enjoy the video!
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
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Thanks for watching my video on, Tax Season Wrap-Up & Tax Profession Outlook - Insights from a CPA
Disclaimer: This video, and the ideas presented in it, are for entertainment, and informational purposes only and should not be construed as accounting, tax, or legal advice. It is your responsibility to take all necessary steps to independently verify and ascertain that any information you choose to rely on from or take action based on this video is accurate.
⏱️VIDEO CHAPTERS⏱️
00:00 - Introduction: 2024 Tax Season Wrap Up
00:42 - How to Survive Tax Season As a Tax Pro
01:33 - February: Not the Time for Bookkeeping!
02:17 - Saying "NO MORE"
03:19 - Know Your Own Limits
05:06 - Leverage Technology
06:53 - The Outlook For The Tax Profession
07:17 - Shortage of Professional Tax Preparers
07:45 - How to Get Started in the Tax Business
08:31 - Career Choice: The Tax and Accounting Profession
Replay Video Link: • How My Tax Season Went...
#taxseason #taxprofessional #taxprofessionals
I should have also mentioned in the video is implementing 'extreme efficiency' procedures, many of which I learned from my friend and mentor, Joe Cass.
BTW, check out TaxDome here: taxdome.com/?fpr=noel4
Great to hear you did well. You deserve it!
Great video as usual 🎉
I look up to you sir and want to be like you one day
This is a great reference video for my daughter as she is considering becoming tax professional. Would you mind sharing the current expected salary ranges for different types of tax professionals? I understand it depends a lot on where you are, your experience, etc., but some ballpark ranges would be fine. THANKS!
I'm glad you found the video helpful for your daughter! Salary ranges for tax professionals can vary a lot depending on location, experience, and specialization, but I can give you some general ballpark figures:
- Entry-Level Tax Preparer: Around $30,000 - $50,000 per year.
- Mid-Level Tax Professional (3-5 years exp): Typically $50,000 - $80,000 per year.
- Senior Tax Advisor/Manager: Usually $80,000 - $120,000 per year.
- Tax Directors/Executives: Often $120,000 - $200,000+ per year.
These numbers are just approximations, but I hope they give you a better idea! Best of luck to your daughter as she explores the tax profession!
Can you deduct use of home office expense if you used it exclusively for tax prep?
Generally, yes if it's also used regularly.