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Paramount Tax & Accounting

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Tax

Paramount Tax & Accounting

Paramount Tax & Accounting Franchise FDD, Costs & Fees (2025)

Paramount Tax & Accounting is a franchise offering tax preparation and accounting services, providing expert financial guidance and support to individuals and businesses.

Paramount Tax & Accounting is a professional services franchise specializing in tax preparation and accounting solutions for both individuals and businesses. Founded in 2008 in Draper, Utah, the company continues to operate its headquarters in the same city.

Recognizing the growing demand for quality financial services, Paramount launched its franchise program in 2015. Franchisees offer a wide range of services, including tax planning and preparation, bookkeeping, payroll management, and financial consulting, all designed to meet the diverse needs of their clients.

What distinguishes Paramount from its competitors is its dedication to personalized client service and its proven business model focused on efficiency, accuracy, and long-term client relationships.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $40,000 – $40,000
Real Estate / Rent $0 – $3,000
Utilities $0 – $1,000
Leasehold Improvements $0 – $10,000
Market Introduction Program $0 – $5,000
Startup Package $20,000 – $25,000
Furniture, Fixtures, and Equipment $0 – $5,000
Insurance $500 – $3,500
Signage $300 – $3,000
Office Expenses $0 – $2,000
Inventory $500 – $2,000
Supply Inventory $100 – $2,000
Licenses and Permits $0 – $1,000
Dues and Subscriptions $700 – $2,000
Professional Fees $0 – $3,000
Travel, Lodging, and Meals for Training $0 – $4,000
Additional Funds (First 3 Months) $10,000 – $45,500
Total $72,100 – $157,000
Type of Expenditure Amount
Initial Franchise Fee $40,000 – $40,000
Real Estate / Rent $0 – $3,000
Utilities $0 – $1,000
Leasehold Improvements $0 – $10,000
Market Introduction Program $0 – $5,000
Startup Package $20,000 – $25,000
Furniture, Fixtures, and Equipment $0 – $5,000
Insurance $500 – $3,500
Signage $300 – $3,000
Office Expenses $0 – $2,000
Inventory $500 – $2,000
Supply Inventory $100 – $2,000
Licenses and Permits $0 – $1,000
Dues and Subscriptions $700 – $2,000
Professional Fees $0 – $3,000
Travel, Lodging, and Meals for Training $0 – $4,000
Additional Funds (First 3 Months) $10,000 – $45,500
Total $72,100 – $157,000

Paramount Tax & Accounting

2023

Franchise Disclosure Document

Number of units

Training

Paramount Franchising provides several types of training programs to support its franchisees:

  1. Initial Training Program: Paramount Franchising conducts a standard pre-opening training for the Principal Executive and up to two other employees. This training includes at least 10 hours of mandatory online educational videos related to Paramount Tax & Accounting, supplemented with in-person or virtual sessions. There is no charge for this training, but the franchisee must cover travel and lodging expenses.
  2. Post-Opening Training: After opening, Paramount Franchising may require the Principal Executive or other employees to complete additional training programs. These can be in-person, online, or held at any location determined by the franchisor. A reasonable fee may be charged for these programs, and the franchisee must pay for all related expenses.
  3. Conferences and Seminars: Paramount Franchising may also organize optional or mandatory conferences, seminars, webinars, live video conferences, and phone conferences to discuss business improvements, sales, marketing, personnel training, and operational updates.

Territory Protection

Paramount Franchising provides exclusive territory protection to its franchisees, ensuring that no other Paramount Tax & Accounting outlet will be opened or licensed within the designated territory.

The franchise agreement specifies that franchisees' territorial rights are not contingent on meeting any minimum sales volumes, market penetration goals, or other performance measures. This gives franchisees a clear and dependable area to develop their business without facing direct competition from other Paramount-branded outlets.

However, Paramount Franchising retains certain rights that slightly limit this exclusivity. They can still sell products and services through alternative channels like the internet or catalogs, even within a franchisee’s territory.

Competitors

Below are some of

Paramount Tax & Accounting

key competitors in the

Tax

sector.

Franchise
Franchisees
Initial fee
Total investment
Revenue
Sign up
Gross Profit
Sign up
EBITDA
Sign up

54

New
+
157%
157%

$40,000

$72,000

$157,000

n.a.

$104,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

Competitors

Ledgers

Ledgers is an accounting and bookkeeping franchise that provides tax preparation, payroll, and financial consulting services to small and medium-sized businesses.

Franchisees

?

4
+
-43%
-43%
Investment

?

$28,000 - $70,000

Fiesta Insurance

Fiesta Insurance provides affordable auto, home, and business insurance with a focus on serving Hispanic and multicultural communities.

Franchisees

?

219
+
-11%
-11%
Investment

?

$88,000 - $172,000

Liberty Tax Service

Liberty Tax Service offers professional tax preparation services, helping individuals and businesses maximize their tax refunds and ensure compliance with tax laws.

Franchisees

?

1813
+
-15%
-15%
Investment

?

$42,000 - $61,000

Transworld Business Advisors

Transworld Business Advisors specializes in business brokerage and franchise consulting services, assisting clients in buying or selling businesses and exploring franchise opportunities to achieve their entrepreneurial goals.

Franchisees

?

452
+
19%
19%
Investment

?

$104,000 - $131,000

Supporting Strategies

Supporting Strategies provides outsourced bookkeeping and operational support services, helping businesses manage their finances and streamline operations.

Franchisees

?

98
+
-2%
-2%
Investment

?

$75,000 - $98,000

Paramount Tax & Accounting

Paramount Tax & Accounting is a franchise offering tax preparation and accounting services, providing expert financial guidance and support to individuals and businesses.

Franchisees

?

54
+
157%
157%
Investment

?

$72,000 - $157,000

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