H & R Block vs Paramount Tax & Accounting Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of H & R Block vs Paramount Tax & Accounting including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$31,501 - $149,398 | $87,851 - $142,000 |
Franchise Fee |
$2,500 | $49,500 |
Royalty Fee |
30% | 8% |
Advertising Fee |
No Advertising Fees | 2% |
Year Founded |
1955 | 2008 |
Year Franchised |
1958 | 2017 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
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 |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
Yes/- | -/- |
Equipment |
Yes/- | -/- |
Inventory |
Yes/- | -/- |
Receivables |
Yes/- | -/- |
Payroll |
Yes/- | -/- |
Training & Support |
Training |
On-The-Job Training: Up to 300 hours
Classroom Training: 36 hours
Additional Training: Regional training, year-round; ongoing online 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 |
Purchasing Co-ops
Newsletter
Meetings/Conventions
Toll-Free Line
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
| We’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 Templates
National Media
Regional Advertising
Social media
SEO
Website development
Email marketing
Loyalty program/app
| - |
Operations |
- | - |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
- | - |
International Expansion |
Yes | - |
Company Overviews
About H & R Block
H&R Block is one of the world's largest tax services providers. H&R Block has prepared more than 550 million tax returns worldwide since 1955 and they have more than 100,000 trained tax professionals . The company was founded in 1955 by Brothers Henry W. Bloch and Richard A. Bloch who then grew the business to become a brand and franchising icon.
As well as providing in-person tax return preparation services, H&R Block also provides At Home online services and through desktop software products, and through other channels, the company also offers financial products to support its tax business through the H&R Block Bank. The bank offers traditional and alternative banking solutions to H&R Block tax clients and associates and serves customers online, via phone and at a branch location at H&R Block world headquarters in Kansas City, Montana.
When you become an H&R Block franchisee, you have more than 55 years of experience standing behind you. In addition to pioneering the tax services industry, H&R Block was also one of the first companies in the nation to implement the concept of franchising. In other words, no one knows the tax industry like H&R Block, and no competitor can offer a better franchise opportunity. So you can rest assured that our long history with the franchise business model will work to your advantage. We'll supply the tools you need to help you effectively beat the competition and to help you ensure your franchise's success.
#306 in Franchise 500 for 2020.
#297 in Franchise 500 for 2021.
#86 on Franchise Rankings.com
About Paramount Tax & Accounting
Paramount
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.