If you take the H&R Block tax course and do well, and they hire you,?

Question

how much can you expect to make doing taxes for people?

Answer 1

Generally they will hire you (as long as they need prepareres which always seems to be the case).

You receive an hourly rate which is a draw against your commission (in the end they figure your commission, subtract the hourly rate they already paid you). Probably about $10 an hour.

It provides great experience with tax prep & with people. It also will provide you with annual tax update and CPE (continuing professional education credits) if you need them for a license (i.e. Enrolled Agent).

H&R offers a class for people studying to take the enrolled agent exam (which if you pass means you are somewhat of a tax expert). BUT, It is an open test, meaning you can get copies of previous tests to study from & this is the best way to pass. Go to the following to find out more:
http://www.irs.gov/taxpros/agents/article/0,,id=137267,00.html

Answer 2

In Pa 7.50 an hour + commission for the first yr. Which i did 70 returns they take the average amount of total returns plus any peace of mind and ira's you sell. Then subtract your hourly against your average. My bonus was $200. Second year your pay rate increases if you advance and I hear you get less of a bonus. If you can complete the classes the information is valuable.There is a lot of down time in the short tax season with mainly two peaks to earn. Tax law changes every year, but if you stick with it to get the basic's- you could do it from home eventually with a tax software program and set your own price.

Answer 3

Absolute crap, they pay a low hourly rate- like 8 bucks an hour, then in May they compare it to how much you made commission-wise from the returns you did, If you made above how much they paid you hourly during employment, they mail you the bonus check, if your commission was under your hourly, they don't pay anything else but the 8 an hour already given to you AND they don't hire you back for next years tax season. Use HR block for experience to take to another firm, or like I am, to get an Enrolled Agent liscence. No one gets rich at HR Block especially first year Tax Preparers.

Answer 4

The wages earned is normally not the draw to these franchises. Experience and scheduling conveniences in a part time setting will be far more advantageous than the income. Look at the time at a franchise as paid training for a future as a tax professional. For those that do it year after year it is a convenient part time job. Some folks collect unemployment benefits as soon as they are fired each April 16th or 17th.

Answer 5

the hourly wage in 2005 in NYC was only $7.25/hr.
You can earn commission of roughly 19% from the revenue generated from tax returns you prepare - but they subtract the hourly wage already paid from the the total commission and only pay you the excess.
If your total wages are higher than the commission earned then you dont receive any additional commission and hence your hourly pay is the original 7.25/hr

Answer 6

$8 - $9 an hour in most places.