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Updated RecentlyColbert/Ball Tax Service vs Paramount Tax & Accounting Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Colbert/Ball Tax Service vs Paramount Tax & Accounting including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $30,000 - $50,000 | $87,851 - $142,000 |
| Franchise Fee | $15,000 | $49,500 |
| Royalty Fee | 15% | 8% |
| Advertising Fee | - | 2% |
| Year Founded | 1995 | 2008 |
| Year Franchised | 2002 | 2017 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | There are a variety of candidates that can fit our “ideal.” Our accounting and bookkeeping franchise is a perfect opportunity for CPAs looking to start their own business, entrepreneurs with a small or mid-sized firm looking to get to the next level, accountants from the Big 4 seeking a new opportunity, or simply driven individuals who want job security and to be their own boss. Sound like you? Let’s talk. |
Financing Options |
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| In-House/3rd Party | In-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 |
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| Training | - | We take pride in our extensive training process that sets you up for success, no matter your level of experience. We fly potential franchisees out to headquarters to get a taste of the business model. Ready to get started? You’ll spend a week at our training school at HQ, a week with on-site training at a mentor’s store, and then time at your own store to get things up and running. |
| Support | - | We’re here to help with startup challenges like site selection, lease negotiation, purchasing, and other legal services you might need. |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Colbert/Ball Tax Service
Colbert/Ball Tax Service was founded by Al Colbert and Ja Ja Ball in January 1995 while they were seniors in college. With an unsecured job market, they decided not to try to predict the future. They would create it!Colbert/Ball opened the doors to its first location on January 2nd, 1995 in Houston, Texas. They processed over 270 returns their first year. This allowed them the opportunity to relocate their main office to the Astrodome area, a more stable and professional environment. The mission of Colbert/Ball Tax Service is to continue providing opportunities for people to own their businesses. Colbert/Ball Tax Service is a company on the rise. We have secured our reputation as a key competitor in the tax industry. Choosing to become a member of the Colbert/Ball family will afford you the opportunity to achieve your dreams. Colbert/Ball Tax Service will provide you powerful electronic tax preparation software, marketing concepts, training programs and seasoned individuals with more than four decades of experience in the tax industry.
About Paramount Tax & Accounting
!["Paramount]("https://paramount.tax/oak/files/logos/paramount-tax-accounting.svg")
Paramount
is a Utah-based CPA firm providing value to individuals and businesses
within Utah and beyond. Paramount specializes in tax, accounting,
financial & business services as well as wealth planning.Paramount Tax offers 31 years of proven experience, extensive training to set you up for success, and services that our big name competitors don’t: every return is reviewed by a CPA within the franchise.