H & R Block vs Toro Taxes Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of H & R Block vs Toro Taxes including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
H & R Block Franchise
Toro Taxes Franchise
Investment $31,501 - $149,398$37,835 - $64,150
Franchise Fee $2,500$25,000
Royalty Fee 30%-
Advertising Fee No Advertising Fees-
Year Founded 19552012
Year Franchised 19582019
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
H & R Block Franchise
Toro Taxes Franchise
Experience --

Financing Options
 
H & R Block Franchise
Toro Taxes Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs Yes/--/-
Equipment Yes/--/-
Inventory Yes/--/-
Receivables Yes/--/-
Payroll Yes/--/-

Training & Support
 
H & R Block Franchise
Toro Taxes Franchise
Training On-The-Job Training: Up to 300 hours Classroom Training: 36 hours Additional Training: Regional training, year-round; ongoing online training -
Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform -
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app -
Operations --

Expansion Plans
 
H & R Block Franchise
Toro Taxes Franchise
US Expansion YesYes
Canada Expansion --
International Expansion Yes-

Company Overviews

About H & R Block

H&R Block is one of the world's largest tax services providers. H&R Block has prepared more than 550 million tax returns worldwide since 1955 and they have more than 100,000 trained tax professionals . The company was founded in 1955 by Brothers Henry W. Bloch and Richard A. Bloch who then grew the business to become a brand and franchising icon. As well as providing in-person tax return preparation services, H&R Block also provides At Home online services and through desktop software products, and through other channels, the company also offers financial products to support its tax business through the H&R Block Bank. The bank offers traditional and alternative banking solutions to H&R Block tax clients and associates and serves customers online, via phone and at a branch location at H&R Block world headquarters in Kansas City, Montana. When you become an H&R Block franchisee, you have more than 55 years of experience standing behind you. In addition to pioneering the tax services industry, H&R Block was also one of the first companies in the nation to implement the concept of franchising. In other words, no one knows the tax industry like H&R Block, and no competitor can offer a better franchise opportunity. So you can rest assured that our long history with the franchise business model will work to your advantage. We'll supply the tools you need to help you effectively beat the competition and to help you ensure your franchise's success.

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#306 in Franchise 500 for 2020.
#297 in Franchise 500 for 2021.

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About Toro Taxes

Originally founded by Oscar Toro and Nick Maldonado as a Tax Preparation Company, Toro Taxes has grown into a National Latino Based National Provider of Tax Preparation & Bookkeeping Services.Toro Taxes provides full training to all new and ongoing franchisees and their tax consultants. You and your staff will learn from IRS registered tax professionals with years of experience. You will learn how to provide the best service to your customers to learning and understanding the latest tax codes and processes. No experience in taxes is necessary. We provide full training to all NEW franchisees. If you have business experience in management and have the leadership skills to guide others to achieve your goals then Toro Taxes is your home.