Econotax vs Tax Planning Centre Franchise Comparison

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

Start-Up Costs and Fees
 
Econotax Franchise
Tax Planning Centre Franchise
Investment $15,400 - $33,000$25,000
Franchise Fee $10,000$15,000
Royalty Fee 12%-
Advertising Fee --
Year Founded 19651995
Year Franchised 19681999
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements
 
Econotax Franchise
Tax Planning Centre Franchise
Experience
  • General business experience
  • Customer service experience, computer skills
    		• -

    Financing Options
     
    Econotax Franchise
    Tax Planning Centre 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
    Tax Planning Centre 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
    Tax Planning Centre 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 Tax Planning Centre

    Tax Planning Centre has been in existence since 1995 to serve tax payers. We have an extensive network of seasonal tax preparation (corporate and franchised) locations across British Columbia, Yukon, Alberta and Ontario, who service thousands of clients on an annual basis. No prior tax preparation experience required! Some of the most successful franchise owners are not accountants. Tax Planning Centre provides expert training in operating your business, the latest technology, customer service strategies and more. We are in business with you, our franchisee and Tax Planning Centre work together to help you achieve your financial goals. We will make sure you are prepared to operate a very successful business.