Powered by LevrNAICS 541213: Tax preparation services
NAICS 541213 is the industry code for tax preparation services. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 541213 covers
Tax preparation services prepare tax returns for individuals and businesses, without CPA licensure as the main basis.
Included in this code
- Tax preparation offices
- Seasonal tax services
- Enrolled agent practices
Not this code
- CPA firms: see 541211 Offices of certified public accountants
- Bookkeeping: see 541219 Other accounting services
- Payroll: see 541214 Payroll services
Businesses that use 541213
Financing for this trade
Tax preparers use seasonal lines to cover off season costs and SBA 7(a) loans to fund franchise fees or buy client books. Lenders look at client retention and the share of revenue earned between January and April.
Apply for funding with AIIs 541213 the right code for a tax preparer?
Yes, if you prepare tax returns but are not a CPA firm. CPA firms use 541211. Owners in this trade most often weigh it against 541211 (offices of certified public accountants) and 541219 (other accounting services). The right choice is the activity that brings in the most revenue, used the same way on tax returns and loan applications.
What is the SBA size standard for 541213?
The SBA size standard for 541213 is $25M in average annual receipts. SBA averages total gross receipts over the last five completed fiscal years and adds in any affiliates under common control. A tax preparer at or below that figure counts as small for SBA 7(a) and 504 loans and for federal small business contracts.
What financing helps a tax preparation business?
Seasonal lines cover off season costs, and SBA 7(a) loans fund franchise fees and acquisitions of client books. Lenders look at client retention. Most lenders want two years of tax returns, year to date financial statements and a current debt schedule, and they size payments so cash flow covers debt service comfortably.
What does NAICS 541213 cover?
Tax preparation services. Industry level code in NAICS 2022, under 54 Professional, scientific, and technical services, 541 Professional, scientific, and technical services, 5412 Accounting, tax preparation, bookkeeping, and payroll services, 54121 Accounting, tax preparation, bookkeeping, and payroll services.
What financing do NAICS 541213 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for professional services businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 541213?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.