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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.
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Franchise Costs
10% royalty + 5% local marketing + $300/mo marketing/SEO/website + $5-30/mo email accounts
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
Avg. Revenue: $497,814
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Unlock financial performance dataParamount Tax & Accounting Franchise Analysis
Entering the tax services space with Paramount Tax & Accounting means tapping into a recession-resistant niche fueled by mandatory filings and business needs. Item 19 delivers revenue transparency with a striking gap between top and typical performers, while SBA financing records reveal both opportunity and cautionary notes. Can a franchise growing steadily since 2018 deliver the returns you're chasing, or do the numbers expose hidden risks?
Item 7 outlines the initial investment from $74,100 to $166,000, covering the $40,000 franchise fee, build-out, equipment, and initial marketing—realistic for a professional services office needing a licensed CPA, EA, or similar on staff and 30+ hours weekly operation. Ongoing fees hit 10% royalty plus 5% local marketing, $300/month for corporate SEO/website, and minor email costs, totaling a hefty bite from revenues. Item 19 shines here: average gross sales at $497,814 contrast sharply with the $204,162 median across existing units, suggesting a few high-flyers skew the average while most hover lower—key for sizing your expectations in this seasonal model with year-round accounting upsell potential.
System maturity shows 90 franchise locations plus 2 corporate (up 15% from 78 in 2023), with 7 projected new units, 3 terminations, and 7 SBA loans averaging $322,086 but a concerning 28.6% default rate—higher than many peers, flagging possible cash flow strains during off-seasons. Franchising since 2018 from Draper, UT headquarters, it discloses Item 19 fully, aiding due diligence. For buyer evaluation, the revenue spread and SBA defaults signal vetting top territories and operators closely; low-end investment could suit pros with tax expertise, but scale to hit averages demands strong local marketing amid competition.
Analysis based on the 2025 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.
How Paramount Tax & Accounting Compares
Key Insights
- Lower than average SBA loan default rate in Business Services
| Franchise | Investment | 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 |
| RE/MAX | $37K – $337K | $35K | 1.0% | 2,994 |
| JACKSON HEWITT TAX SERVICE | $71K – $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K – $21K | $11K | 3.0% | 2,655 |
Business Services Average 198 franchises | $121K – $289K | $47K | 10.2% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 198 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
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Unlock location growth dataSBA Loan History
Historical SBA 7(a) loan data for Paramount Tax & Accounting franchisees (2017 – 2024)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
7 SBA loans on record
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Unlock SBA loan historyFranchisee Contacts
93 franchisee contacts on file from official FDD filings.
93 Contacts Available
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Unlock contactsDue Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
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.
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