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Updated RecentlyTax Centers of America vs Federal Direct Tax Services Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Tax Centers of America vs Federal Direct Tax Services 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 | $299 - $2,499 |
| Franchise Fee | $20,000 | N/A |
| Royalty Fee | $30-55/return | - |
| Advertising Fee | - | - |
| Year Founded | 1994 | 2003 |
| Year Franchised | 1997 | 2003 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 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 | - | By Video Online |
| Support | Newsletter, Meetings, Toll-free phone line, Internet | Ongoing Support Advertising/Marketing Technical Support Online Support Phone Support |
| 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) | - Business can be run from home. - Business can be run part-time. - Business can be added on to an existing business. |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | 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 Federal Direct Tax Services
!["Federal]("https://d1v10wa6gxsq73.cloudfront.net/images/sponsors/3561/FederalDirectTax_Logo.jpg"){kind=logo}
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.