Income Tax School celebrates 30 years

The Income Tax School (formerly known as Peoples Income Tax, Inc.) is celebrating its 30th birthday this September. CEO and founder Charles E. McCabe opened Peoples' first income tax office in 1987 and expanded to 26 locations throughout Central Virginia over the next nine years; during this time, Peoples was recognized as one of the Richmond area's “Rising 25” fastest growing companies for four consecutive years.

In September 1989, to meet the need for qualified tax preparers to support the firm’s growth, McCabe created an income tax school comparable to that of his former employer, H & R Block. As national tax firms expanded into the market and products such as TurboTax and IRS Free File became common, Peoples Income Tax School began focusing on preparation of complex individual and small business tax returns.

In 2003, ITS launched eLearning courses to deliver online tax courses and CE seminars directly to students nationwide. ITS also created a set of four Tax Practice Management Manuals, and McCabe authored a book, Guide to Start and Grow Your Successful Tax Business.

Tax preparation, notes McCabe, remains a popular career option for early retirees who don’t need year-round work and for stay-at-home parents who wish to be off in the summer when children are home. ITS offers its Comprehensive Tax Course tuition-free for local qualified Richmond-area residents who wish to work for the firm upon successful completion of the course.