1040TaxBiz vs Happy Tax Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of 1040TaxBiz vs Happy Tax including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
1040TaxBiz Franchise
Happy Tax Franchise
Investment $249 - $2,899 $30,400 - $66,500
Franchise Fee N/A $20,000 - $25,000
Royalty Fee - 10%-20%
Advertising Fee - 2%
Year Founded - 2014
Year Franchised - 2015
Term Of Agreement - -
Term Of Agreement - -
Renewal Fee - -


Business Experience Requirements

 
1040TaxBiz Franchise
Happy Tax Franchise
Experience - -

Financing Options

 
1040TaxBiz Franchise
Happy Tax Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees -/- Yes/Yes
Start-up Costs -/- Yes/Yes
Equipment -/- Yes/Yes
Inventory -/- Yes/Yes
Receivables -/- Yes/Yes
Payroll -/- Yes/Yes

Training & Support

 
1040TaxBiz Franchise
Happy Tax Franchise
Training - On-The-Job Training: 10 hours Classroom Training: 30 hours Additional Training: Via webinar
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

 
1040TaxBiz Franchise
Happy Tax Franchise
US Expansion Yes -
Canada Expansion - -
International Expansion - -

Start-Up Costs and Fees Mobile

Investment
1040TaxBiz Franchise
$249 - $2,899
Happy Tax Franchise
$30,400 - $66,500
Franchise Fee
1040TaxBiz Franchise
N/A
Happy Tax Franchise
$20,000 - $25,000
Royalty Fee
1040TaxBiz Franchise
-
Happy Tax Franchise
10%-20%
Advertising Fee
1040TaxBiz Franchise
-
Happy Tax Franchise
2%
Year Founded
1040TaxBiz Franchise
-
Happy Tax Franchise
2014
Year Franchised
1040TaxBiz Franchise
-
Happy Tax Franchise
2015
Term Of Agreement
1040TaxBiz Franchise
-
Happy Tax Franchise
-
Renewal Fee
1040TaxBiz Franchise
-
Happy Tax Franchise
-


Business Experience Requirements

Experience
1040TaxBiz Franchise
-
Happy Tax Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
1040TaxBiz Franchise
-/-
Happy Tax Franchise
Yes/Yes
Start-up Costs
1040TaxBiz Franchise
-/-
Happy Tax Franchise
Yes/Yes
Equipment
1040TaxBiz Franchise
-/-
Happy Tax Franchise
Yes/Yes
Inventory
1040TaxBiz Franchise
-/-
Happy Tax Franchise
Yes/Yes
Receivables
1040TaxBiz Franchise
-/-
Happy Tax Franchise
Yes/Yes
Payroll
1040TaxBiz Franchise
-/-
Happy Tax Franchise
Yes/Yes

Training & Support

Training
1040TaxBiz Franchise
-
Happy Tax Franchise
On-The-Job Training: 10 hours Classroom Training: 30 hours Additional Training: Via webinar
Support
1040TaxBiz Franchise
-
Happy Tax Franchise
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
1040TaxBiz Franchise
-
Happy Tax Franchise
Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations
1040TaxBiz Franchise
-
Happy Tax Franchise
-

Expansion Plans

US Expansion
1040TaxBiz Franchise
Yes
Happy Tax Franchise
-
Canada Expansion
1040TaxBiz Franchise
-
Happy Tax Franchise
-
International Expansion
1040TaxBiz Franchise
-
Happy Tax Franchise
-

Company Overviews

About 1040TaxBiz

Why should I own a 1040TaxBiz tax preparation business? We have been at this for 19 years and invented the business model of low cost tax offices. Every year someone tries to be like 1040TaxBiz. New companies start up every season trying to use our business model. They use our promotional ideas and our pricing. We stand alone in that we have an "A" rating with the BBB. Our marketing and promotion support is unique and powerful in its results. As an example: Our Family Dollar Program allows you to open a turnkey business this tax season. We give you everything you need - Location, Software, Bank Product, Marketing and Direct access to 15,000 to 30,000 potential tax clients every month, all in one package! Only 1040TaxBiz can put you in a Family Dollar location this tax season for as little as $2,899.00 for the peak season. DAS and DAS Premium Packages - Standalone direct compete! Serious entrepreneurs understand the importance that timing and cost, play in starting a successful business. If you have been waiting for the right time to start own business, then your wait is over. For a low start-up fee and a choice of options, you can open a complete tax office for the upcoming tax season. We will show you how once you have decided to invest in a business and have looked in the market of opportunities you will find that the tax preparation business is actually one of the best ones to provide rapid and steady growth. 20 reasons to join 1040TaxBiz 1. Earn $100/hour or more as an experienced pro 2. Over 19 years of tax experience 3. Reduce your own tax liability 4. Your skills will make you more marketable 5. Work 3 months of the year and make a great income 6. Have your summers and holidays free 7. Be more secure – you control your own destiny 8. High Income potential 9. Minimal start-up cost 10. Get your tax business started quickly 11. No franchise fees or royalties 12. No accounting background or degree required 13. We teach you everything you need to know and do it faster than you think! 14. No need to reinvent the wheel – we offer tax manuals on policies and procedures, tax preparation marketing, personnel and expansion 15. Fast ramp-up time 16. Additional revenue stream 17. We provide a variety of training options, online and personal 18. Have your tax business in a major retail location 19. Back office support year round for you and your clients 20. In-house IT and Software support We offer a business model that will fit your budget and your growth plan. Our entry level program costs as little as $249.00. Our year around standalone package is just $1,899.00 to start. Our business model is designed for someone who wants to start their own business but doesn't have the large upfront investment. Our model uses a shared revenue approach, for start-up businesses. We offer all the services you need to run and support your business. We operate and manage your back office; we support your marketing and train your staff. You spend "time" i.e., your sweat equity, in growing your business, and we share the revenues. Request information now to take advantage of the opportunity that we offer. IT works!

About Happy Tax

Happy Tax offers a one of a kind opportunity for budding entrepreneurs looking to start a successful low-cost mobile tax business that offers year-round support; expert CPA prepared returns, and the freedom to work anytime, anywhere while taking advantage of our multiple revenues generating options including year-round bookkeeping. Happy Tax believes that no one should go it alone. If you’re looking for a brand that will help you build a long-lasting business, look no further.

Veteran discounts:
20% off franchise fee; franchise fee waived for veterans who served in a war zone