Unless otherwise exempt as stated in § 62-29-102, a person shall not act as a preparer of tax returns unless the person is:
(1) An attorney at law, duly licensed and admitted to practice in the courts of records of this state or the attorney's employee acting within the scope of employment;
(2) A certified public accountant licensed to practice as such in this state or the certified public accountant's employee acting within the scope of employment;
(3) A public accountant licensed to practice as such in this state or the public accountant's employee acting within the scope of employment; or
(4) Any of the persons in subdivisions (1)-(3) holding a proper license from another state or territory.