Smart Tax vs Toro Taxes Franchise Comparison

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

Start-Up Costs and Fees
 
Smart Tax Franchise
Toro Taxes Franchise
Investment $36,650 - $93,600$37,835 - $64,150
Franchise Fee $20,000$25,000
Royalty Fee 15-20%-
Advertising Fee 3% Nat'l $1500Local-
Year Founded -2012
Year Franchised -2019
Term Of Agreement 5 years +5+5+5-
Term Of Agreement 5 years +5+5+5-
Renewal Fee --


Business Experience Requirements
 
Smart Tax Franchise
Toro Taxes Franchise
Experience We look for candidates who understand the importance of client service; management skills are also important. We are looking for franchise owners who are capable of opening and operating both single and multiple locations.-

Financing Options
 
Smart Tax Franchise
Toro Taxes Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Smart Tax Franchise
Toro Taxes Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Smart Tax Franchise
Toro Taxes Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Smart Tax

A professional, seasonal business opportunity unlike most other franchises! The Smart Tax franchise program is a business ownership opportunity that is different from others. No need to work 52-weeks a year, 7-days a week. No need to have a background in financing, accounting. The Smart Tax system is well-planned, well-established and well-received. And it can be yours to use when you join as a franchise owner. When you become a part of Smart Tax, you'll have immediate access to training, materials, programs, and documentation that are all created to make your business start-up and operations as efficient as possible. You will have up to 5 days of training at our headquarters. In addition, we will provide up to 1 day of onsite help at your own location. You will have access to all Smart Tax operational procedures, software and other exclusive tools. We'll provide you with a copy of our confidential operations manual to help you run your business effectively. Best of all, you can count on the Smart Tax organization to guide you and your clients, both during tax season and - most important - after tax season. You don't even have to keep your office open during the Summer months; just turn everything over to us, and we'll be there to provide the assistance your clients need. What other business model allows you to do that?

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.