Jackson Hewitt Tax Service vs TaxAssist Accountants Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Jackson Hewitt Tax Service vs TaxAssist Accountants including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Jackson Hewitt Tax Service Franchise
TaxAssist Accountants Franchise
Investment $45,130 - $110,255$200,000 - And Up
Franchise Fee $15,000 - $25,000$49,950
Royalty Fee 15% - 5%-
Advertising Fee 6%-
Year Founded 19601995
Year Franchised 19861996
Term Of Agreement 10 years5 years
Term Of Agreement 10 years5 years
Renewal Fee --


Business Experience Requirements

 
Jackson Hewitt Tax Service Franchise
TaxAssist Accountants Franchise
Experience --

Financing Options

 
Jackson Hewitt Tax Service Franchise
TaxAssist Accountants Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees Yes/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/Yes-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Jackson Hewitt Tax Service Franchise
TaxAssist Accountants Franchise
Training On-The-Job Training: 14 hours Classroom Training: 35 hours Additional Training: At Technology Headquarters (Sarasota, Fla.) -
Support Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform -
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Email marketing Loyalty program/app-
Operations 83% of all franchisees own more than one unit

Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

-

Expansion Plans

 
Jackson Hewitt Tax Service Franchise
TaxAssist Accountants Franchise
US Expansion Yes-
Canada Expansion No-
International Expansion No-

Company Overviews

About Jackson Hewitt Tax Service

Started in1960, Jackson Hewitt is a full-service, year-round national tax service specializing in computerized federal and state preparation of individual returns. It began franchising in 1986, the same year that the IRS introduced electronic filing.

The total investment necessary to begin operation of a standard Jackson Hewitt Tax Service® business is $74,820 to $110,255 and for a kiosk location is $45,130 to $71,355. This includes $15,500 to $25,500 that must be paid to the franchisor.
Veteran Incentives  20% off franchise fee
"Entrepreneur
#197 in Franchise 500 for 2020.
#250 in Franchise 500 for 2021.



About TaxAssist Accountants

TaxAssist Accountants have developed an innovative business model that allows our franchisees to focus on a lucrative market of potential clients.

The proven business model of TaxAssist Accountants is straightforward - take on hundreds of small business clients with relatively uncomplicated accounting, tax and advisory work while being based in visible, accessible and welcoming shop front premises.

By servicing the needs of small businesses, subcontractors and the self-employed, as a franchisee you can focus on a group of clients who have traditionally been neglected.

Concentrating on the needs of small business clients can offer time-management advantages and through our training and judicious use of our support functions, you can also provide first-class services to your client base.

The TaxAssist Accountants franchise model is based on very simple principles. By servicing the needs of small businesses, subcontractors and the self-employed, our franchisees can focus on a set of clients that have traditionally been neglected. Keeping to the smaller client can offer time-management advantages to the franchisee and through our training and judicious use of our support functions, the franchisees can also provide first class service to their client base. Our aim is to strengthen our network with franchisees that follow our business development strategies in order to build a sizeable accountancy practice. These strategies are based on best practice and powerful marketing techniques that can accelerate the growth of each franchisee's business. Initially, franchisees are likely to spend at least 50% of their time on business development activities, with the view to spending 100% of their time attracting new clients, managing customer relationships and leading a team of staff members - the goal is to work on the business rather than in it. With ten years experience behind us, we have actively evolved our support infrastructure to enable franchisees to build their businesses in a commercially dynamic way.