Econotax vs ATAX Franchise Comparison

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

Start-Up Costs and Fees
 
Econotax Franchise
ATAX Franchise
Investment $15,400 - $33,000$17,450 - $76,699
Franchise Fee $10,000$10,000 - $25,000
Royalty Fee 12%10%
Advertising Fee -5%
Year Founded 19651986
Year Franchised 19682007
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements
 
Econotax Franchise
ATAX Franchise
Experience
  • General business experience
  • Customer service experience, computer skills
    		• -

    Financing Options
     
    Econotax Franchise
    ATAX Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Econotax Franchise
    ATAX Franchise
    Training Continuing education seminars-
    Support Meetings, Toll-free phone line, Internet-
    Marketing Co-op advertising, Ad slicks, Regional advertising-
    Operations 50% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 3

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Econotax Franchise
    ATAX Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Econotax

    ECONOTAX is an association of tax professionals, who carefully prepare Federal and state tax returns for individuals, partnerships, corporations, fiduciaries, and other taxpayers. The Econotax system produces high-quality returns which Econotax is proud to stand behind, assisting clients on audits and helping them plan to achieve the lowest tax possible. The success and stability of the Econotax system is exemplified by the first franchise, established in 1968 in Picayune, MS., which is still operating under the same owner.

    About ATAX

    ATAX is one of the fastest growing tax preparation businesses guided by a team of seasoned professionals. ATAX is an innovative franchise business model which provides financial services, payroll, and cloud/web based bookkeeping/accounting product for all size of businesses, as well as federal and state individual and corporate tax preparation with electronic filing and a variety of refund options. Best of all, franchisees require no Special tax experience, due to the ATAX comprehensive training program and support services provided year-round. ATAX offers independent entrepreneurs a system for operating and marketing a professional tax preparation service along with the following products that generate revenue year-round:
    * Software and system for tax preparation Cloud/Web based bookkeeping/accounting software for small/med size businesses
    * Electronic filing of Federal and State Returns
    * Refund Loan Products
    * Direct Deposit services
    * Pre-paid Debit Cards (MasterCard or VISA
    * In-depth training and support
    * Complete advertising and marketing solutions
    * State-of-the-art technology and software
    * Toll free franchise assistance

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    In Franchise Business Reviews Top 200.


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    #439 in Franchise 500 for 2020.