Express Tax Franchise
Express Tax is a franchise for a business providing services in tax preparation. It was founded in 1997 and started franchising in 2002.
They have kept themselves always updated in tax law changes. They use software that is leading in the industry to make sure that you receive an accurate tax return without having to wait long. This software also helps in making sure that you get the largest amount possible that your are entitled to. They have a slogan “Your Money’s Waiting. You’re Not”. They provide the option that they are paid from the tax return that you will receive so that you don’t need to take anything out of your pocket. They understand how confusing tax preparation is because of the yearly changes in tax laws.
These tax professionals know all about the deductions that you may not realize to include. They may also tell you about credits that you can earn from declaring a certain income, caring for a family member, have children, or save money from IRA. You may avail of refund settlement products if you need your money fast. They can process all this within just 24 hours. This company is a subsidiary of H&R Block. They now have 276 locations all over the United States.
What other services do they offer at Express Tax besides tax preparation?
They have complimentary services such as real estate and mortgage services, insurance, multi-service operations, shipping and postal services, and immigration and translation services.
Cost and requirements on running an Express Tax franchise
You need to have a total liquid asset of at least $50,000. Expect to be investing about $16,000 to $48,400. The Express Tax franchise fee is $2,500 with an on-going royalty fee of 22.5%. This is for a renewable 10 year term agreement. You will need about two employees to run one location. They allow multi-unit ownership and currently, 13% of their franchisees have more than one location. They do not allow absentee ownership.
What is included in the franchise package?
There will be four days training at the headquarters and three days at your location. Trainings are held at an Express Tax University which offers trainings all year round. They offer a web-based training that includes an extensive curriculum that also helps facilitate training for employees and tracking their progress. These on-going trainings also include updates on tax laws and changes in IRS procedures. The initial training includes introduction to the Express Tax brand, industry basics, office procedures, tax training, marketing, client experience training, and software and financial product training. You will have exclusivity in your territory. You will be provided with tax preparation software and the technology support that will help you in computer configuration or any other technical issues. They will provide you access to customer service all year round and they have additional chat support during tax season. You will also be provided with the client tracking and financial management systems. For marketing, you will be given a marketing kit, access to ad slicks, co-op advertising, and regional advertising.
Express Tax Contact Details
You may reach them at:
Address: 3030 Hartley Rd., #320 Jacksonville, Florida 32257