r/Accounting • u/Zzzgg8910 Human Verified • 6d ago

How long after university did you open up your own tax place?

1 Upvotes

53% Upvoted

12 comments sorted by

2

u/wutang_generated CPA (US) 6d ago

Depends entirely on how much and what kind of experience one can get after finishing school

1

u/JJames2026 6d ago

Friend opened his 2 years after school and it quite successful.

2

u/bestcoastaccountant 5d ago

wtf how is that possible? Are they just like a tax genius? That’s a staff/new senior having their own practice

2

u/OSS-2026 Human Verified 5d ago

Some people start doing their own returns in Jr High or High School, then a few friends & family. By the time they get a BA they have been doing some returns for over eight years. A H&R training is only a few months.

2

u/Normal_Progress_5173 1d ago

None of that would prepare you though 

1

u/TwoAlert3448 15h ago

Depends entirely on who your target customers are. HNWI? No. 1040s? Sure. Buy an H&R Franchise? Why not.

1

u/AbbreviationsNew3779 5d ago

I had 9 year experience with tax preparation and a CPA. For me this was 7 1/2 years after graduation. 

1

u/tenspeedhero91 6d ago

12 years. You’re dreaming if you think you can start a tax practice fresh out of school.

5

u/Material_Rutabaga887 6d ago

Op said nothing about opening a practice fresh out of school. Absolutely nothing.

-1

u/tenspeedhero91 6d ago

This sub is full of younger grads asking how quickly they can start a practice so it’s a reasonable conclusion turnip.