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Updated RecentlyTax Centers of America vs TaxAssist Accountants Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Tax Centers of America vs TaxAssist Accountants including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $20,300 - $63,550 | $200,000 - And Up |
| Franchise Fee | $20,000 | $49,950 |
| Royalty Fee | $30-55/return | - |
| Advertising Fee | - | - |
| Year Founded | 1994 | 1995 |
| Year Franchised | 1997 | 1996 |
| Term Of Agreement | 10 years | 5 years |
| Term Of Agreement | 10 years | 5 years |
| Renewal Fee | $1K | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Internet | - |
| Marketing | Ad slicks, Regional advertising | - |
| Operations |
24% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (97% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Tax Centers of America
Why Work for Someone Else? Own a Tax Centers of America Franchise
The decision to start your own business often leads to more questions rather than answers, especially for those completely new to entrepreneurship. What will the business plan be? How will I get start-up capital? Who will I need to hire? What should I pay them? How do I get people to buy my products or services? It may seem overwhelming to figure out on your own. That's why millions of people choose franchises to start their own business.With franchising, all the major questions and most of the mistakes have been answered by someone else - the franchisor. As a Tax Centers of America franchisee, you automatically inherit the knowledge we've learned over our years in the tax preparation business. What's more, you'll be trained in how to use this knowledge to make your own decisions. It's this blend of independence and support that makes buying Tax Centers of America franchise such a desirable business opportunity.
Franchisees get to set their hours and run the day-to-day operations just like any other small business owner. The key difference is that franchisees enjoy the benefits of an established brand name, which assists you in building your customer base.The leverage of our brand name will increase your opportunity of success. In general, franchise businesses still operating after 1 year as compared to an independent business is 97% to 62%. After five years, the comparison is even more significant as 92% of franchised businesses are still operating, compared to 23% of independent businesses. After ten years. 90% of franchised businesses are still operating compared to 18% of independent businesses.Obviously, your effort will determine your success; however, the statistics tell the story. Your chance to reach your dreams and goals are dramatically increased through franchising, and we believe a Tax Centers of America franchise is the opportunity to attain your independence. Consider this: How many business customers are required to?
- File a report on an annual basis
- Pay a penalty if this report isn't filed
- Receive cash back from filing this report
All new offices receive the technology needed and the software required for tax season. Additionally, each new franchise will receive Accounting software and training to begin a bookkeeping business. Advertisement templates such as flyers, business cards, and coupons with your office location on them so everyone will know who and where you are.The support of experienced tax professionals and support staff. Extensive annual training to keep you up to date with current laws and software.
Tax Centers of America is the only tax franchiser that is willing to
offer a " Buy 1 Get 3 Free" to any new franchisee. That's right! Buy 1
Get 3 Free. You get four tax franchises for the price of one. This is
your chance to join the BEST franchise in America.
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.