Padgett Business Services vs Federal Direct Tax Services Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Padgett Business Services vs Federal Direct Tax Services including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

Padgett Business Services Franchise
Federal Direct Tax Services Franchise
Investment $20,200 - $99,975$299 - $2,499
Franchise Fee $15,000 - $56,000N/A
Royalty Fee 9%+-
Advertising Fee --
Year Founded 19652003
Year Franchised 19752003
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 5% of then-current fee-

Business Experience Requirements

Padgett Business Services Franchise
Federal Direct Tax Services Franchise
  • Industry experience
  • -

    Financing Options

    Padgett Business Services Franchise
    Federal Direct Tax Services Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

    Padgett Business Services Franchise
    Federal Direct Tax Services Franchise
    Training Classroom Training: up to 80 hours Additional Training: At annual marketing convention & tax seminar By Video Online
    Support Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform Ongoing Support Advertising/Marketing Technical Support Online Support Phone Support
    Marketing Ad Templates National Media Social media SEO Website development Email marketing -
    Operations Franchise can be run from home.

    0.5% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is NOT allowed.

    - Business can be run from home. - Business can be run part-time. - Business can be added on to an existing business.

    Expansion Plans

    Padgett Business Services Franchise
    Federal Direct Tax Services Franchise
    US Expansion YesYes
    Canada Expansion Yes-
    International Expansion YesNo

    Company Overviews

    About Padgett Business Services

    Bolster Your Small Business Tax Practice
     As the owner of a tax practice, you must be proactive in order to keep up with market changes, technology and your clients' needs. Staying on top of new regulations is critical for any tax business to truly serve its clients. From this challenge to growing your customer base, revenue and profitability, you need someone to support your efforts in improving and solidifying your business. Enter Padgett Business Services, a provider of tax, finance, compliance and payroll services to small businesses. A local, affiliate-based organization, we rely on tax professionals like you to meet the needs of business owners across the country.
     As a Padgett Business Services affiliate owner, you're able to bolster your business with:
    - Tax support services that help you provide the best possible assistance to your clients.
    - State-of-the-art software that streamlines your processes.
    - Greater opportunities to grow your client base, increase your revenue and maximize your profitability.
    - Continue to build upon your success and learn more about your growth potential as an affiliate of Padgett Business Services.

    Veteran Incentives  $4,000 off franchise fee
    "Top     "Top
    #78 in Gator's Top franchises.
    #92 in Canada's Top franchises.

    #435 in Franchise 500 for 2020.

    About Federal Direct Tax Services


    Federal Direct is committed to helping entrepreneurs start their own income tax businesses in the right direction and grow from there. Income tax partnership packages include IRS and banking compliance training and licensing. Whether starting an income tax business out of your home or adding tax preparation services to an existing business, Federal Direct’s tax office partnership packages offer you the competitive edge your company needs to succeed in the rapidly growing multi-billion dollar income tax preparation industry.

    Since taking our expertise and experience nationwide; Federal Direct has grown significantly and partnered with over 1,100 tax offices in 47 states. Our objective is to partner with motivated individuals and firms that have a hunger for success and a willingness to put in the tax marketing
    and training efforts necessary to develop their income tax business into a consistently growing profit center.
    We feel that our tax business partnership packages represent one of the finest
    and most profitable opportunities in the income tax preparation industry.