Paramount Tax & Accounting is a franchise offering tax preparation and accounting services, providing expert financial guidance and support to individuals and businesses.
KEY FRANCHISE STATS
Franchisees
?
54
+
157%
157%
Franchise fee
?
$40,000
Investment
?
$72,000 - $157,000
Revenue (AUV)
?
Undisclosed
$104,000
+
n.a.
n.a.
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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
The initial investment required for a Paramount Tax & Accounting franchise is
$72,000 - $157,000.
That is the total cost you would need to finance 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
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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
Franchise Disclosure Document
Below is Paramount Tax & Accounting's 2023 Franchise Disclosure Document. Upgrade to Pro or purchase the FDD to view and download the document.
Number of units
Paramount Tax & Accounting had 55 total units in 2023, of which 54 were franchised-owned and 1 company-owned.
Paramount Franchising provides several types of training programs to support its franchisees:
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.
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.
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.
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