Last Updated on July 30, 2012 by DeanR
Jackson Hewitt Tax Service Franchise
Jackson Hewitt Tax Service is a franchise for a business providing tax preparation services.
It was founded in 1960 and started franchising in 1986. They are the leading in the industry that provides a full-service federal and state income tax return. They currently have 5,778 locations in the United States and 723 more that are company owned. They have a commitment on getting their client’s the most in their pockets with the least deductions and most credits that you deserve.
What services do they provide at Jackson Hewitt Tax Service?
They have In-Office and Online Products and Services. In-Office products and services include an in-depth tax review wherein you would be asked questions about your tax liability and identify your deductions and credits. They use the ProFiler Software that double checks all the calculations in every step of the way. They also offer free audit assistance. You can call them once you receive a notice from the IRS and they will help you explain how your tax return was prepared. For amended returns, if there were errors in your previous returns that you can get more credit from or less deductions, they can file the amended return for you. All their services come with free basic guarantee coverage. If you want am additional guarantee, you can avail of the Gold Guarantee for an extra fee.
What are the other product options from Jackson Hewitt Tax Service?
IRS Direct is a product they offers for tax return filed online which give you options on how to receive your refund from the IRS. It could be through direct deposit to your bank account which will take eight to 15 days, receive your check through standard mail, or you can have it deposited to a Jackson Hewitt ipower card which is a prepaid Visa card. Assisted Refund give you the option on a no-out-of-pocket payment because all fees will be deducted when you receive your tax returns. The options above on receiving your refund are also available with this product. Flex-Pay Program has three options. Flex Direct automatically transfers additional taxes you owe directly to the IRS. Flex Plan is when Jackson Hewitt can help you request an instalment plan with the IRS. Flex Credit is paying your balances with Visa, MasterCard, American Express, or Discover Card.
Cost and requirements on running a Jackson Hewitt Tax Service franchise
You need to have a total liquid asset of at least $50,000. Expect to be investing about $48,000 to $92,000. The cost of Jackson Hewitt Tax Service franchise fee is $25,000 with an on-going royalty fee of 15%. This is for a renewable 10 year term agreement. They allow multi-unit ownership and absentee ownership.
What is included in the franchise package?
There will be five days training at the headquarters and two days regional training. You will be receiving newsletters and a toll free phone number. You will be given access to the internet, purchasing cooperatives, and assistance at the grand opening. Expect to be attending meetings and receiving occasional field evaluations. For marketing support, there will be ad slicks, co-op advertising, regional advertising, and national media.
Jackson Hewitt Tax Services Contact Details
You may reach them at:
Address: 3 Sylvan Way Suite 301Parsippany, NJ 07054
Phone: (800) 234-1040