Econotax vs Federal Direct Tax Services Franchise Comparison

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

Start-Up Costs and Fees
 
Econotax Franchise
Federal Direct Tax Services Franchise
Investment $15,400 - $33,000$299 - $2,499
Franchise Fee $10,000N/A
Royalty Fee 12%-
Advertising Fee --
Year Founded 19652003
Year Franchised 19682003
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements
 
Econotax Franchise
Federal Direct Tax Services Franchise
Experience
  • General business experience
  • Customer service experience, computer skills
    		• -

    Financing Options
     
    Econotax Franchise
    Federal Direct Tax Services 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
    Federal Direct Tax Services Franchise
    Training Continuing education seminars By Video Online
    Support Meetings, Toll-free phone line, Internet Ongoing Support Advertising/Marketing Technical Support Online Support Phone Support
    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)

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

    Expansion Plans
     
    Econotax Franchise
    Federal Direct Tax Services Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion NoNo

    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 Federal Direct Tax Services

    "Federal

    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.