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Updated RecentlyAmerican Tax and Financial Group vs Paramount Tax & Accounting Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of American Tax and Financial Group 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 | $33,600 - $43,000 | $87,851 - $142,000 |
| Franchise Fee | $15,000 | $49,500 |
| Royalty Fee | 10% | 8% |
| Advertising Fee | - | 2% |
| Year Founded | 1997 | 2008 |
| Year Franchised | 2003 | 2017 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $2.5K | - |
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 | Yes/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 | - | 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 | Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | We’re here to help with startup challenges like site selection, lease negotiation, purchasing, and other legal services you might need. |
| Marketing | Ad slicks, Regional advertising | - |
| Operations |
Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
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 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.