Section 16-11-80. "Business of preparing federal or state income tax returns or assisting taxpayers in preparing such returns" defined

   For the purposes of this part, a person is engaged in the business of preparing federal or state income tax returns or assisting taxpayers in preparing such returns if he does either of the following:

   (1) Advertises or gives publicity to the effect that he prepares or assists others in the preparation of state or federal income tax returns; or

   (2) Prepares or assists others in the preparation of state or federal income tax returns for compensation.

Ga. L. 1972, p. 446, § 2.