it’s ok, but don’t be surprised if you don’t get too many customers because of your age. At 19, you would not have finished college more than likely, and probably a lot of people older than you would not feel that you have the background and education to be able to do an accurate and complete job on their tax return. That’s just my opinion, by the way.
It may be a good use of your time, depending on why you are taking the course. If you are planning to do tax returns, you must take such a course. There are persons your age who take the course and become successful tax preparers.
If you want to learn about the US Tax Code for your business, you might be better off studying those parts of the code that pertain to your business, rather than taking a general course that deals mainly with individual tax returns.
There are lots of books that deal with tax for small business. The irs.gov website has free publications and even video presentations for small business.
I did something similar. I took the tax course from the nation’s premier tax preparation firm, and worked a season in their offices doing tax returns. This is probably the major advantage…the ability to do this very profitable work seasonally or be able to work independently as a tax consultant.
I went further and got ‘e-file authorized’ with the IRS so that I could do electronic filing on my own as well as offer the bank loan products (rapid refunds, etc.), and feel that I was personally helping my clients rather than being an agent of someone else’s glory.
Anyway, when I later went to work as a financial adviser, and acquired the L&H licenses, it was not hard to see that almost all of our financial transactions and interactions have tax implications. With your L&H licenses, if you plan to continue in financial services, the pressure is on to continue with the investment products, or, obviously, you won’t be able to sell the variable contracts, or investment related products, variable life included. Taking the Series 6, (and/or 7), and 63 are obviously your next steps if you want to continue or advance in the financial services industry.
But, then, you’re and entrepreneur. This means to me that you are looking for ways to make money from you individual efforts, and tend to prefer to work in a business of your own, rather than on someone’s payroll. Where you go from here only you can decide. But, I think you are already on the track to putting together a package of portable, marketable skills that will help you in any business. These skills will help you to maintain an air of independence and give you the flexibility to keep yourself occupied at a good income level.
My advice: go ahead and take the tax course. It’s inexpensive and you’ll have it under your belt if your later goals point you further along this path. You’re in charge.
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6 Responses to Is taking the tax course a good idea for a nineteen year old entrepreneur?
Absolutely – and best of luck, you sound as if you have your priorities in order.
a tax couse is a good idea for any body so yes.
Most definitely. As an entrepreneur, the more you know, the better you can handle your business.
it’s ok, but don’t be surprised if you don’t get too many customers because of your age. At 19, you would not have finished college more than likely, and probably a lot of people older than you would not feel that you have the background and education to be able to do an accurate and complete job on their tax return. That’s just my opinion, by the way.
It may be a good use of your time, depending on why you are taking the course. If you are planning to do tax returns, you must take such a course. There are persons your age who take the course and become successful tax preparers.
If you want to learn about the US Tax Code for your business, you might be better off studying those parts of the code that pertain to your business, rather than taking a general course that deals mainly with individual tax returns.
There are lots of books that deal with tax for small business. The irs.gov website has free publications and even video presentations for small business.
This depends on your personal goals.
I did something similar. I took the tax course from the nation’s premier tax preparation firm, and worked a season in their offices doing tax returns. This is probably the major advantage…the ability to do this very profitable work seasonally or be able to work independently as a tax consultant.
I went further and got ‘e-file authorized’ with the IRS so that I could do electronic filing on my own as well as offer the bank loan products (rapid refunds, etc.), and feel that I was personally helping my clients rather than being an agent of someone else’s glory.
Anyway, when I later went to work as a financial adviser, and acquired the L&H licenses, it was not hard to see that almost all of our financial transactions and interactions have tax implications. With your L&H licenses, if you plan to continue in financial services, the pressure is on to continue with the investment products, or, obviously, you won’t be able to sell the variable contracts, or investment related products, variable life included. Taking the Series 6, (and/or 7), and 63 are obviously your next steps if you want to continue or advance in the financial services industry.
But, then, you’re and entrepreneur. This means to me that you are looking for ways to make money from you individual efforts, and tend to prefer to work in a business of your own, rather than on someone’s payroll. Where you go from here only you can decide. But, I think you are already on the track to putting together a package of portable, marketable skills that will help you in any business. These skills will help you to maintain an air of independence and give you the flexibility to keep yourself occupied at a good income level.
My advice: go ahead and take the tax course. It’s inexpensive and you’ll have it under your belt if your later goals point you further along this path. You’re in charge.