Tax Smart America vs Paramount Tax & Accounting Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Tax Smart America vs Paramount Tax & Accounting including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Tax Smart America Franchise
Paramount Tax & Accounting Franchise
Investment $25,000$87,851 - $142,000
Franchise Fee $25,000$49,500
Royalty Fee 8%8%
Advertising Fee -2%
Year Founded 19992008
Year Franchised 20012017
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $10K-25K-


Business Experience Requirements
 
Tax Smart America Franchise
Paramount Tax & Accounting Franchise
Experience
  • Industry experience
    		• There are a variety of candidates that can fit our “ideal.” Our accounting and bookkeeping franchise is a perfect opportunity for CPAs looking to start their own business, entrepreneurs with a small or mid-sized firm looking to get to the next level, accountants from the Big 4 seeking a new opportunity, or simply driven individuals who want job security and to be their own boss. Sound like you? Let’s talk.

    Financing Options
     
    Tax Smart America Franchise
    Paramount Tax & Accounting Franchise
      In-House/3rd PartyIn-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
     
    Tax Smart America Franchise
    Paramount Tax & Accounting Franchise
    Training -We take pride in our extensive training process that sets you up for success, no matter your level of experience. We fly potential franchisees out to headquarters to get a taste of the business model. Ready to get started? You’ll spend a week at our training school at HQ, a week with on-site training at a mentor’s store, and then time at your own store to get things up and running.
    Support Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesWe’re here to help with startup challenges like site selection, lease negotiation, purchasing, and other legal services you might need.
    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
     
    Tax Smart America Franchise
    Paramount Tax & Accounting Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Tax Smart America

    About Paramount Tax & Accounting

    "ParamountParamount is a Utah-based CPA firm providing value to individuals and businesses within Utah and beyond. Paramount specializes in tax, accounting, financial & business services as well as wealth planning.

    Paramount Tax offers 31 years of proven experience, extensive training to set you up for success, and services that our big name competitors don’t: every return is reviewed by a CPA within the franchise.
    At Paramount Tax, we offer accounting franchise opportunities because we believe that anyone with the drive to own their own business can be successful in this industry, and we offer the training and resources to make that happen.