QUALIFIES FOR NASBA IRS 40 HRS

Course Description

QUESTION FOR YOU, MY FELLOW TAX PROFESSIONAL

In the Year 2023, Will Clients Who Don't Have a Business Even Use Tax Preparers Anymore?

It's a question worth asking, right?

Because 2023 is not far away, at all.

Your friend Andy Frye here, Founder & CEO of Pronto Tax School, Inc.

Asking your permission to talk about some stuff that might make us a bit uncomfortable, but we really need to think about it NOW, because it's happening fast...keep reading and let me know if you're seeing this too...

The market for tax preparation services aimed at W-2 workers, flatlined for years, is declining rapidly.

According to IRS Filing Statistics, self-prepared 1040 e-files are up 49% from 2015 - 2020.

And now, with The COVID-19 Pandemic bringing more and more tax work onto the Internet, tax pros who are focused on "relatively "simple" 1040 tax preparation are facing major potential for loss of clients and loss of earnings.

Perhaps you're already seeing this downward trend in your own tax business or tax career?

Remember how January used to be an extremely busy and profitable month, and now it's kinda slow?

Have you noticed that people under age 40 now "default" into self-preparing their taxes unless and until they have a business or some other "complication"?

Do you think that this trend away from W-2 workers using professional tax preparers is going to "stop" or "slow down," or do you think the trend is going to accelerate?

YES, I know that there are some tax professionals who are still growing and successful by focusing on 1040 tax preparation.  Absolutely, there are!  In fact, many of our Pronto Tax School Members are highly successful "Short Form Warriors."  

If that's you, and you're offering "fast & cheap" 1040 tax prep at a high volume, or you are otherwise enjoying success in serving W-2 clients and you are therefore not at all concerned about the downward trends that so many other 1040-focused tax pros are experiencing, don't let us slow your roll! 

If it's working for you, by all means, keep doing what you're doing.

Nevertheless, I think as tax professionals we all can agree, numbers speak louder than words--right?

And every single number you can look at right now tells the exact same story about this New Era of Tax:

  • Demand for "relatively simple" tax preparation service is declining, rapidly.
  • The do-it-yourself online software companies, a.k.a. "TurboTax® and Friends," are taking 1040 tax prep clients from tax professionals by the millions, year in and year out.
  • Self-prepared e-files were up by 23% just during calendar year 2020 (Source: IRS Filing Statistics).

Ready for some good news though???

The market for helping self-employed / entrepreneur / small business owner clients with their tax needs is absolutely EXPLODING WITH OPPORTUNITIES, and here are a few simple statistics to prove the point:

  • By 2020, half of all American workers will be self-employed (Source: Forbes® Magazine).  Well, here we are, it's 2020!
  • 5,500 people per day join a network marketing home-based business opportunity (Source: Networking Times Magazine)
  • 27 million new full-time self-employed people within the next two years (Source: Freshbooks® Accounting Software Report)
  • 14 million taxpayers already in collections with IRS (high percentage are self-employed people) and the radio and TV airwaves flooded with "settle your tax debt" commercials
  • Average hourly fee charged by tax professionals for preparation of an S Corporation tax return?  $759 per hour (Source: National Association of Tax Professionals® Fee Study)

This massive trend towards self-employment creates a massive opportunity for tax professionals who are prepared to capitalize...indeed, tax pros who are schooled in the "arts" of business tax work are busier than we've ever been, and getting busier every day.

However, those tax professionals who are not confident working with business tax client groups...those tax pros who have barely any business tax training, who are "learning on" their business clients and "giving it a try"...are experiencing extremely painful and expensive "learning lessons" and sometimes causing serious harm to their own clients.

"Learning on the job" with with business taxes is extremely painful and expensive.  Ask anyone who knows and they will tell you the same.

If you see these trends happening, and you want to put yourself in the best position to succeed in this New Era of Tax, the problem now becomes:

Where do you get the training you need to feel confident in working with business tax clients?

After all, the experienced CPAs, EAs, and other elite-level tax preparers who actually know how to do business tax work at an elite level are not exactly looking to help YOU compete with them, are they?  Even if they wanted to teach you, they don't have time.  They're too busy helping business clients and raking in money because demand for their services is through the roof.

Have you evaluated the other business tax training programs that are on the market today?

Are these other business tax programs taught by working tax professionals who actually do this kind of work with real clients every day and own and operate successful tax businesses TODAY (not used to do taxes or used to own a tax business 10 years ago, today)?

If you find any business tax training program other than ours that meets those crucial criteria, will you let me know?  :)

Meanwhile, I got sick of waiting for someone somewhere to teach me how to deliver elite-level service to business tax clients!

So, I teamed up with CPA Adam Shay, and he taught me how to be elite at delivering service to business tax clients.

And now, Adam and I have teamed up to teach you what we had to learn "the hard way."

With the Business Tax Verified Training Program, the business tax training you need to succeed in this New Era of Tax is now accessible and affordable for all tax pros!

And our training program happens FAST, too!

Within as little as 30 days, you can go from "novice" to "expert" in business taxes, learning in a matter of weeks what typically takes tax professionals DECADES to learn.  It took me 17 years!  We want to help you do it in 30 days!

Pardon me if I get excited, it's just that I always wanted someone to give me this kind of training, back when I was struggling through business tax situations and nobody wanted to show me the right ways to do stuff in real life...

It is our PRIVILEGE to provide a pathway for ANY tax professional to begin mastering business tax work and reap the rewards of doing so: happier clients, more earning power, less stress, and more fun for YOU.

In this unique, comprehensive Business Tax Verified Training Program, you will learn:

  • How to achieve Schedule C Mastery (yes we know you know how to fill out a Schedule C, but rest assured as the saying goes, "there are levels to this game" and our Schedule C Mastery section will take you to the top level)
  • How to provide tax preparation and consulting services for C corporations
  • How to provide tax preparation and consulting services for S corporations
  • How to provide tax preparation and consulting services for LLCs (yes, including partnerships)

Based on our vast experience in working with these clients, we show you how to avoid the expensive, painful problems that often happen with these client groups.

And we also show you how to maximize value for business tax clients so that they are happy to pay you premium prices and send you numerous referrals. 

If you're looking to maximize your earning power in this New Era of Tax, you must be able to do work for business clients at a high level, and that's exactly what we help you do in this Program.

The tax industry has changed, my friend--and it's not going to "change back." 

Many tax professionals will not adapt to this New Era, and will continue to see their earning power decrease. 

For those who prefer VICTORY, we are here to help you adapt and prosper.

Thanks for reading up to this point and please review the rest of this page to see what all is included in this Program and how it could help you achieve your goals in this New Era of Tax.

If you have any questions after reviewing this page, please feel free to reach out anytime, we take pride in helping our fellow tax professionals because YOU are the ones who help your clients.

What you do MATTERS and WE APPRECIATE YOU!

 

Sincerely,

Andy Frye

Founder & CEO, Pronto Tax School, Inc.

Third Generation Tax Business Entreprenuer

Experienced Tax Professional (Enrolled Agent)

Friend to Tax Professionals Everywhere

Student Reviews

Gary Tuttle

5 star rating

“Taking the course gave me the confidence to take on a newbie S-Corp. Being in Idaho as a CTEC certified preparer helped me find a niche with CA transplants. The advice on networking paid off with a role assisting a local Sub-S with locating prov...”

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“Taking the course gave me the confidence to take on a newbie S-Corp. Being in Idaho as a CTEC certified preparer helped me find a niche with CA transplants. The advice on networking paid off with a role assisting a local Sub-S with locating providers for payroll, insurance and 401K. Course is especially helpful is you get to apply what you learn right away. The sample returns help make sense of the real world. Good Job Andy and Adam!!”

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Anatoliy Senyak

5 star rating

“I was looking for easy to understand business tax program and made no mistake to invest into Pronto Tax school. I think it is best on the market with hands on training . Love the program and recommend to everyone.”

“I was looking for easy to understand business tax program and made no mistake to invest into Pronto Tax school. I think it is best on the market with hands on training . Love the program and recommend to everyone.”

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Carol Hale

5 star rating

“This BTV Course is everything I expected and needed especially for beginning Corp preparers like myself . I'm impressed with the way it was presented, easy to understand. Now I'm comfortable taking my business to the next level. Andy is very knowl...”

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“This BTV Course is everything I expected and needed especially for beginning Corp preparers like myself . I'm impressed with the way it was presented, easy to understand. Now I'm comfortable taking my business to the next level. Andy is very knowledgeable and teachable. Adam is an awesome mentor! ”

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Randall Rowley

5 star rating

“I learn by example. This tax course provided not only the technical updates, but provided specific examples to enforce the concepts taught. Adam Shay worked through tax issues by using sample tax returns and providing specific examples. Al-in-a...”

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“I learn by example. This tax course provided not only the technical updates, but provided specific examples to enforce the concepts taught. Adam Shay worked through tax issues by using sample tax returns and providing specific examples. Al-in-all, a wonderful course!!”

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Sean Keating

5 star rating

“I have plenty of professional designations and experience in understanding the laws and strategies surrounding tax and planning. One of the things I was struggling with is the execution and mechanics of the tax returns. The reason I joined the p...”

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“I have plenty of professional designations and experience in understanding the laws and strategies surrounding tax and planning. One of the things I was struggling with is the execution and mechanics of the tax returns. The reason I joined the program was to gain the mechanical knowledge I was missing. I wound up getting a lot more. I wish I had taken this course a few years ago.”

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Noretta Lenard

5 star rating

“I have to give the course a gold star. I considered a lot of the information to be over my head but a hope to rise to the challenge. So, so much good information. I like to fact that I can always go back a review/re-read the different parts of...”

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“I have to give the course a gold star. I considered a lot of the information to be over my head but a hope to rise to the challenge. So, so much good information. I like to fact that I can always go back a review/re-read the different parts of the course and how information was so generously shared. I believe I can, with all the information given, do a business return other than a Schedule C. Pronto Tax you are awesome. Keep up the good work.”

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Payosha Gause

5 star rating

“I took this course never having prepared or even looked at a C-corp return. I have a new outlook on preparing them and will absolutely implement what I was taught during this course when I get corp clients from here on out.”

“I took this course never having prepared or even looked at a C-corp return. I have a new outlook on preparing them and will absolutely implement what I was taught during this course when I get corp clients from here on out.”

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Nate Peck

5 star rating

“I have my own tax practice where I do primarily personal income tax. I have searched far and wide for books and other teaching materials to find a way to learn about LLC and Corporate taxation without much success. When I saw this course pop up ...”

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“I have my own tax practice where I do primarily personal income tax. I have searched far and wide for books and other teaching materials to find a way to learn about LLC and Corporate taxation without much success. When I saw this course pop up on my Facebook feed, I decided to take a chance and give it a shot. I consider it a far superior investment to any college course I took! It gives real world examples. Not only does it answer the questions you may have, but tells you the questions you should have and answers those. This material breaks everything down bit by bit and even shows what the "day in the life" process will involve and also how to give a consultation. Yes, there are other materials online that can answer certain questions and give information about LLC and Corporate taxation, but there is no other learning materials that start at step one and guide you through everything in the process. I just did my first business consultation with complete confidence and got a client! -Nate”

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After completing this course, you should be able to:

  • Identify common problems associated with advanced Schedule C, C corporation, S corporation, and LLC tax clients

  • Avoid common problems associated with advanced Schedule C, C corporation, S corporation, and LLC tax clients

  • Identify impactful and important things you can do a tax professional to serve advanced Schedule C, C corporation, S corporation, and LLC tax clients at an elite level

  • Do impactful and important things to serve advanced Schedule C, C corporation, S corporation, and LLC tax clients at an elite level

Meet Your Instructor

Adam started his tax career as a seasonal tax preparer at a Jackson-Hewitt® franchise in Wilmington, North Carolina.Within a few months, Adam was promoted to General Manager of the franchisee's six existing offices. Adam then helped the company open nine more office locations over the next five years.During his time in the "retail" segment of the tax prep business, Adam trained hundreds of tax preparers and supervised the operations of the company out of the main office, processing thousands of tax returns every year.In January of 2010, Adam struck out to start his own business and, in March of 2010, obtained his CPA license. Adam decided to focus on serving entrepreneurs and business owners and that focus continues today.Adam Shay CPA, PLLC has now grown to become a premier tax and accounting firm in Southeastern North Carolina, employing a team of six CPAs and four support staff and earning widespread respect in the business community with his team's proactive, results-oriented approach.

Adam Shay, CPA, MBA

Adam Shay CPA, PLLC

Meet Your Instructor

Andrew Freiburghouse, known as Andy Frye in "Tax World," is a tax consultant and Enrolled Agent (E.A.) licensed to represent taxpayers before all levels of the IRS. Andy started his tax career as a tax preparer at Pronto Income Tax of California, Inc., a third-generation family business with multiple locations based in Southern California. After preparing more than 10,000 tax returns and developing extensive employee training programs within his family business, Andy founded Pronto Tax School, Inc., an online training company that educates and empowers tax professionals and taxpayers nationwide. Pronto Tax School is an IRS-approved education provider that offers credentialing and continuing education certificate programs, as well as career advancement and business development training. Andy is a graduate of Santa Clara University, the Goldman Sachs 10,000 Small Businesses Program, and The School of Tax Business Hard Knocks.

Andy Frye, EA

Founder & CEO, Pronto Tax School

Course curriculum

  • 01

    Getting Started

    • Welcome! And Expectations

    • # 1 Secret for Success in Working with Business Clients

    • Getting Started Quiz (Super Easy)

  • 02

    Schedule C Mastery

    • Schedule C Mastery: Starting Assessment

    • Who You're Serving (PDF Textbook)

    • Who You're Serving - Review Questions

    • The Big Picture (PDF Textbook)

    • The Big Picture - Review Questions

    • The Mechanics (PDF Textbook)

    • The Mechanics - Review Questions

    • Problems to Avoid (PDF Textbook)

    • Problems to Avoid - Review Questions

    • Points of Value (PDF Textbook)

    • Points of Value - Review Questions

    • Schedule C Mastery Video Library

    • Schedule C Mastery - Final Exam

    • Ending Assessment Instructions

    • Schedule C Mastery: Ending Assessment

  • 03

    C Corporations

    • C Corporations: Starting Assessment

    • Who You're Serving (PDF Textbook)

    • Who You're Serving - Review Questions

    • The Big Picture (PDF Textbook)

    • Big Picture - Review Questions

    • C Corporations: The Mechanics (PDF Textbook)

    • The Mechanics - Review Questions

    • Problems to Avoid (PDF Textbook)

    • Problems to Avoid - Review Questions

    • Points of Value (PDF Textbook)

    • Points of Value - Review Questions

    • C Corporation Video Library

    • C Corporation - Final Exam

    • Ending Assessment Instructions

    • C Corporations: Ending Assessment

  • 04

    S Corporations

    • S Corporations: Starting Assessment

    • Who You're Serving (PDF Textbook)

    • Who You're Serving - Review Questions

    • The Big Picture (PDF Textbook)

    • The Big Picture - Review Questions

    • The Mechanics (PDF Textbook)

    • The Mechanics - Review Questions

    • Problems to Avoid (PDF)

    • Problems to Avoid - Review Questions

    • Points of Value (PDF Textbook)

    • Points of Value - Review Questions

    • S Corporation Video Library

    • S Corporation - Final Exam

    • Ending Assessment Instructions

    • S Corporations: Ending Assessment

  • 05

    LLCs

    • LLCs: Starting Assessment

    • Who You're Serving (PDF Textbook)

    • Who You're Serving - Review Questions

    • The Big Picture (PDF Textbook)

    • The Big Picture - Review Questions

    • The Mechanics (PDF Textbook)

    • The Mechanics - Review Questions

    • Problems to Avoid (PDF Textbook)

    • Problems to Avoid - Review Questions

    • Points of Value (PDF Textbook)

    • Points of Value - Review Questions

    • LLC Video Library

    • LLC - Exam Questions

    • Ending Assessment Instructions

    • LLCs: Ending Assessment

  • 06

    Next Steps

    • You Earned It!

    • IMPORTANT --> Finalizing Your CE / CPE Credits, Hours Reporting Timeline, Etc.

    • 5 Minute Feedback

Additional course details

  • Education Provider: Pronto Tax School, Inc.
  • Instructional Delivery Method: QAS Self-Study Program
  • Recommended CE / CPE Credit: 40 hours
  • NASBA Field of Study: Taxes (40 hours)
  • IRS Education Provider Number: MPMDK
  • IRS Course Number: MPMDK-T-00090-20-S
  • Program Knowledge Level: Intermediate
  • Prerequisites: General knowledge of federal tax law and its practical application.
  • Advance Preparation: Prior completion of at least one basic-level training program for tax professionals, such as the Pronto Tax School Basic Income Tax Course
  • NASBA Sponsor: Pronto Tax School, Inc.
  • NASBA Sponsor #143984
  • IRS-Approved Education Provider: Pronto Tax School, Inc.
  • IRS Education Provider Number: MPMDK

Pronto Tax School, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. Boards of Accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Refund / Cancellation Policy: full refund available within 14 days of purchase if you are unsatisfied for any reason (except if course completed more than 75%, in that case there will be no refund available, even if within 14 day period).

Complaint Resolution Policy: click here to contact our support team anytime, we resolve any issues amicably and working as a teammate with our valued Members.