Jackson Hewitt Tax Service vs Paramount Tax & Accounting Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Jackson Hewitt Tax Service vs Paramount Tax & Accounting including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Jackson Hewitt Tax Service Paramount Tax & Accounting
Investment 45130 - 110255 87851 - 142000
Franchise Fee 0
Royalty Fee 15% - 5% 8%
Advertising Fee 6% 2%
Year Founded 1960 2008
Year Franchised 1986 2017
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Jackson Hewitt Tax Service Paramount Tax & Accounting
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
  Jackson Hewitt Tax Service Paramount Tax & Accounting
 
Franchise Fees Yes
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Jackson Hewitt Tax Service Paramount Tax & Accounting
Training On-The-Job Training: 14 hours Classroom Training: 35 hours Additional Training: At Technology Headquarters (Sarasota, Fla.) 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 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 Email marketing Loyalty program/app
Operations 83% of all franchisees own more than one unit Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

Expansion Plans
  Jackson Hewitt Tax Service Paramount Tax & Accounting
US Expansion Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
Jackson Hewitt Tax Service
Paramount Tax & Accounting
Franchise Fee
Jackson Hewitt Tax Service
Paramount Tax & Accounting
Royalty Fee
Jackson Hewitt Tax Service 15% - 5%
Paramount Tax & Accounting 8%
Advertising Fee
Jackson Hewitt Tax Service 6%
Paramount Tax & Accounting 2%
Year Founded
Jackson Hewitt Tax Service 1960
Paramount Tax & Accounting 2008
Year Franchised
Jackson Hewitt Tax Service 1986
Paramount Tax & Accounting 2017
Term Of Agreement
Jackson Hewitt Tax Service 10 years
Paramount Tax & Accounting
Renewal Fee
Jackson Hewitt Tax Service
Paramount Tax & Accounting


Business Experience Requirements
Experience
Jackson Hewitt Tax Service
Paramount Tax & Accounting 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
 
Franchise Fees
Jackson Hewitt Tax Service Yes
Paramount Tax & Accounting Yes
Start-up Costs
Jackson Hewitt Tax Service
Paramount Tax & Accounting
Equipment
Jackson Hewitt Tax Service}
Paramount Tax & Accounting
Inventory
Jackson Hewitt Tax Service
Paramount Tax & Accounting
Receivables
Jackson Hewitt Tax Service
Paramount Tax & Accounting
Payroll
Jackson Hewitt Tax Service
Paramount Tax & Accounting

Training & Support
Training
Jackson Hewitt Tax Service On-The-Job Training: 14 hours Classroom Training: 35 hours Additional Training: At Technology Headquarters (Sarasota, Fla.)
Paramount Tax & Accounting 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
Jackson Hewitt Tax Service Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Paramount Tax & Accounting We re here to help with startup challenges like site selection, lease negotiation, purchasing, and other legal services you might need.
Marketing
Jackson Hewitt Tax Service Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Email marketing Loyalty program/app
Paramount Tax & Accounting
Operations
Jackson Hewitt Tax Service 83% of all franchisees own more than one unit Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)
Paramount Tax & Accounting

Expansion Plans
US Expansion
Jackson Hewitt Tax Service Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Paramount Tax & Accounting Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
Jackson Hewitt Tax Service
Paramount Tax & Accounting
International Expansion
Jackson Hewitt Tax Service
Paramount Tax & Accounting