everyone who's taxes are complicated probably have someone in the states taking care of it for them, and those who's taxes aren't so complicated are probably using turbotax. I think turbotax would be your competition.
It is state specific, but most have reciprocity and you just have to liscense your self in each. There are services which do this for you actually to keep you current. The nice thing is that you only have to be liscensed in the state in which you practice, not the state in which your clients are filing.Can a CPA practice in any state once becoming a CPA? Is it unlike law where you pass a state bar to be able to practice in that state?
Yeah, turbo tax gets most of them, but you would be surprised how many folks with pretty easy 1040 itemized filings hire people to do it, or miss deductions and such. I'd probably be targeting the middle range of people, folks who have taxes that are just complicated enough to get tricky, but not complicated enough to pay a full fledged firm.everyone who's taxes are complicated probably have someone in the states taking care of it for them, and those who's taxes aren't so complicated are probably using turbotax. I think turbotax would be your competition.
I agree, boaters are a bit of a self-sufficient bunch..OK. Just curious. In my head I was working out how few clients you may have based on the personalities of the cruisers I know.
But it wouldn't hurt to try.
...or you could simply build up a successful land-based CPA business in a sailing area, or nearby, buy a boat, and sail when you want to. You could certainly try to specialize in the issues related to boat ownership, but you don't have to live aboard to do that. If you are really successful and have employees and lots of cashflow, you could even take a month or two off each year to sail where you want to.Thanks for any input you may have, if this is possible, it may make my dream a reality sooner.
- Matt