Last Updated on August 3, 2012 by DeanR
Tax Centers of America Franchise Information
Tax Centers of America is a franchise for a business providing tax preparation services.
It was founded in 1992 and started franchising in 1996. The first location on Tax Centers of America was opened in Russellville, Arkansas. The business started in preparing taxes and electronically filling tax returns for families and individuals. They continued to grow the services that they provided since the time they opened their first location. The services became more and more comprehensive and flexible.
Only a year after, they were able to develop a selling and training plan. They say that it was then when they found the best software in the industry for tax preparation. With this, they started training people and had them open their own business effectively. In 1994, they broaden their service. From electronically filing tax returns and selling tax programs, they became the central service provider for tax offices. In one year, they were servicing tax offices in three states. They now have 179 locations in over 21 states in the United States and one location that is company owned.
What services do they offer at Tax Centers of America?
They specialize in Income Tax Preparation, online, electronic tax filing, and they say that they offer the same services as Jackson-Hewitt, H&R Block, and other tax preparation franchises.
Cost and requirements on running a Tax Centers of America franchise
You need to have a total liquid asset of at least $30,000. Expect to be investing about $20,000 to $64,000. The cost of Tax Centers of America franchise fee is $10,000 to $35,000 with an on-going royalty fee of $30 to $55 per return completed. This is for a renewable 10 year term agreement. You will need two employees to run one location. They allow multi-unit ownership and absentee ownership.
What is included in the franchise package?
There will be four days training at the headquarters. Training includes teaching you the skills that you will need to operate and manage your own franchise. You will be taught a way to shortcut tax preparation, the fundamentals of electronic filing, the basic rules and regulations of the Internal Revenue Service, and the tax software program. You will also be provided an operations manual which will include the steps in electronically filing taxes. You will be provided a software that has the forms and schedules and business forms and schedules. You will be receiving newsletters and a toll free phone number. You will be given access to the internet. Expect to be attending meetings as well. For marketing support, there will be ad slicks and regional advertising.
Tax Centers of America Contact Details
You may reach them at:
Address: 1611 East Main Street Russellville, AR 72801
Phone: (479) 968-4796
Email: moreinfo@tcoa.net