Paramount Tax & Accounting
Paramount Tax & Accounting franchises enable operators to provide federal and state tax return preparation, tax resolution, accounting, and related financial services under the Paramount brand. The business model centers on franchising these professional services, requiring a licensed professional such as a CPA, EA, CA, or attorney to be involved and the office to be open at least 30 hours per week. It targets individuals and businesses in designated territories needing tax preparation and ongoing accounting support, with a seasonal focus around tax deadlines but year-round opportunities.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
10% royalty + 5% local marketing + $300/mo marketing/SEO/website + $5-30/mo email accounts
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: 30 franchised outlets that had completed at least one full tax season prior to the beginning of 2024 and who operated for all of 2024.
* All values extracted directly from the 'Franchised Outlets' table on page 3. The average net income of $212,702 is provided explicitly. No expense or profit ranges were provided to calculate a 'best guess profit' range.
Extracted Item 19 Section
How Paramount Tax & Accounting Compares to Other Business Services Franchises
Key Insights
- Lower than average SBA loan default rate in Business Services
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
Paramount Tax & Accounting Current | $74K - $166K | $40K | 10.0% | 90 |
| Bimbo Foods Bakeries Distribution, LLC | $14K - $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $216K - $609K | $30K | 5.0% | 4,500 |
| JACKSON HEWITT TAX SERVICE | $71K - $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K - $21K | $11K | 3.0% | 2,655 |
| SERVPRO (UNIT) | $259K - $380K | $100K | 10.0% | 2,286 |
Business Services Average 187 franchises | $118K - $285K | $46K | 10.4% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 187 Business Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+6 more states
SBA Loan History
Historical SBA 7(a) loan data for Paramount Tax & Accounting franchisees (2017 - 2024)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a Paramount Tax & Accounting franchise?
The total initial investment to open a Paramount Tax & Accounting franchise ranges from $74,100 to $166,000. This includes a franchise fee of $40,000. Ongoing royalty fees are 10.0% of gross sales.
How much revenue does a Paramount Tax & Accounting franchise make?
According to the 2025 FDD, the average gross revenue for a Paramount Tax & Accounting franchise is $497,814. The median revenue is $204,162.
How many Paramount Tax & Accounting franchise locations are there?
As of the 2025 FDD, Paramount Tax & Accounting has 90 franchise locations. The company has been franchising since 2018.
Can you get an SBA loan for a Paramount Tax & Accounting franchise?
Yes, SBA loans are available for Paramount Tax & Accounting franchises. Historical data shows 7 SBA 7(a) loans have been approved for Paramount Tax & Accounting franchisees, with an average loan amount of $322,086. The historical default rate is 28.6%.
Is Paramount Tax & Accounting a good franchise to buy?
Paramount Tax & Accounting shows several positive indicators: transparent financial performance data (Item 19). However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in Paramount Tax & Accounting?
Talk to a franchise advisor to get personalized guidance and learn if Paramount Tax & Accounting is the right fit for you.
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