American Tax and Financial Group vs Federal Direct Tax Services Franchise Comparison

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

Start-Up Costs and Fees

 
American Tax and Financial Group Franchise
Federal Direct Tax Services Franchise
Investment $33,600 - $43,000$299 - $2,499
Franchise Fee $15,000N/A
Royalty Fee 10%-
Advertising Fee --
Year Founded 19972003
Year Franchised 20032003
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $2.5K-


Business Experience Requirements

 
American Tax and Financial Group Franchise
Federal Direct Tax Services Franchise
Experience
  • Strong commitment to customer service
  • -

    Financing Options

     
    American Tax and Financial Group 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

     
    American Tax and Financial Group Franchise
    Federal Direct Tax Services Franchise
    Training - By Video Online
    Support Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations Ongoing Support Advertising/Marketing Technical Support Online Support Phone Support
    Marketing Ad slicks, Regional advertising-
    Operations

    Number of employees needed to run franchised unit: 4

    Absentee ownership of franchise is allowed.

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

    Expansion Plans

     
    American Tax and Financial Group Franchise
    Federal Direct Tax Services Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion NoNo

    Company Overviews

    About American Tax and Financial Group

    American Tax and Financial Group was founded in 1997 in Dallas, Texas by Calvin Dale Brown II, as a sole proprietor certified public accounting firm. The Company had very humble beginnings. With no more than $700 and a “dream”, Mr. Brown secured a lease on a small office, measuring about 120 square feet, and the practice was born. The first full year of business, the practice grossed about $35,000, mainly providing income tax services, including electronic filing, to individual taxpayers. Year two saw an increase in revenues from business services, as well as more tax clients, and revenue doubled to about $70,000. After just three years in business, the practice was grossing about $100,000 annually. Over the next three years, Mr. Brown continued to run and grow the practice. After 6 years of running a local CPA firm, it was now time, and the decision was made, to expand the practice nationally, and American Tax and Financial Group was born. Mr. Brown’s vision for the Company is for it to be America’s leading and premier financial services company, offering tax, comprehensive financial, and business services to the American public through a nationwide group of Certified Public Accountants and trained tax professionals (independent franchisees).

    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.