What is the income potential for a tax preparer in the first year?
Your question is hard to answer, too many variables. You don’t state if you will be working for a franchise or the company itself. You will probably be on commission, but might be paid hourly or some combination of the two. You will probably make better than minimum wage but in the first year not a lot more than you could make at a retail job. I don’t know about Jackson Hewitt but I can tell you about what the compensation package was at H&R Block when I worked there years ago. I think I went to work for Block in 1995 and worked there seven years. I was paid minimum wage as a draw against commission. At the end of tax season they totaled up all the business I brought in; I got paid 20% on tax prep, and 15% on peace of mind (insurance), electronic filing fees, and any other financial product I sold. The company then compared my commission against my wages and I received the difference between my commission and my minimum wage draw. If this had been a negative figure they probably would
