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Updated RecentlyHappy Tax vs Paramount Tax & Accounting Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Happy Tax 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 | $30,400 - $66,500 | $87,851 - $142,000 |
| Franchise Fee | $20,000 - $25,000 | $49,500 |
| Royalty Fee | 10%-20% | 8% |
| Advertising Fee | 2% | 2% |
| Year Founded | 2014 | 2008 |
| Year Franchised | 2015 | 2017 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
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/Yes | -/- |
| Start-up Costs | Yes/Yes | -/- |
| Equipment | Yes/Yes | -/- |
| Inventory | Yes/Yes | -/- |
| Receivables | Yes/Yes | -/- |
| Payroll | Yes/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 10 hours Classroom Training: 30 hours Additional Training: Via webinar | 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 | 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 | We’re here to help with startup challenges like site selection, lease negotiation, purchasing, and other legal services you might need. |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
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
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.