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Updated RecentlyTax Smart America vs Toro Taxes Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Tax Smart America vs Toro Taxes including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $25,000 | $37,835 - $64,150 |
| Franchise Fee | $25,000 | $25,000 |
| Royalty Fee | 8% | - |
| Advertising Fee | - | - |
| Year Founded | 1999 | 2012 |
| Year Franchised | 2001 | 2019 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $10K-25K | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
| Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Tax Smart America
About Toro Taxes
Originally founded by Oscar Toro and Nick Maldonado as a Tax Preparation Company, Toro Taxes has grown into a National Latino Based National Provider of Tax Preparation & Bookkeeping Services.Toro Taxes provides full training to all new and ongoing franchisees and their tax consultants. You and your staff will learn from IRS registered tax professionals with years of experience. You will learn how to provide the best service to your customers to learning and understanding the latest tax codes and processes.
No experience in taxes is necessary. We provide full training to all NEW franchisees. If you have business experience in management and have the leadership skills to guide others to achieve your goals then Toro Taxes is your home.