Who makes a good candidate for TAX DRx franchise ownership?
If you have earned a CPA, an EA or an Attorney's license, you are an ideal candidate. However, if you have no real credentials and experience in tax preparation you can still operate a successful TAX DRx franchised business through our apprenticeship program because we will provide the tools and training required - most important, however, an individual who understands and appreciates the VALUE of operating within a Franchise System.
What makes TAX DRx different from other Tax Franchises?
Among many things, we offer tax resolutions as one of our core services; we have a unique design and layout to our offices and have complete systems and software from which you will run your entire business. These systems will allow you to build and grow a thriving tax business that generates higher than average revenues year after year.
I already own Tax Business why should I get envolved with the TAX DRx Franchise?
Among other reasons, tax business owners have found value in investing in our franchises for the following: for more clients; increased profits; to generate revenues year-round; to gain more experience and knowledge; to adopt systems and processes that will make running the business much easier; because the TAX DRx franchise is very affordable; to build a tax practice that they can later sell back to TAX DRx or a third party; and to work less while earning more
How much does it cost to open a TAX DRx Office?
Our franchise fee is currently $24,950. We have discounts available for CPAs, EAs or Attorneys and credits for anyone who already owns a tax business that can reduce the fee to as low as $14,950. Other than the franchise fee, there are the usual expenses associated with opening up a retail office including office furniture, computer equipment, office supplies, marketing and advertising which is very important. All of these expenses are outlined in our Franchise Disclosure Document also known as the FDD. In most cases, you can open in a TAX DRx office for the estimated initial investment of $87,583 to $129,633.
Don't I have to be an Accountant?
The simplest answer is "NO". What is important is a sincere desire to learn and follow our systems. Anyone who likes to deal with numbers and people has a definite advantage in our business.
What is an IRS Enrolled Agent and what do they do at TAX DRx?
Enrolled Agent (EA) is a designation that is given by the US Department of Treasury. Enrolled agents represent taxpayers before all administrative levels of the Internal Revenue Service for audits, collections, and appeals- in other words, “Tax Resolution.” TAX DRx encourages its franchise owners to become EAs if they do not already possess a CPA or an Attorney designation. As an EA, you'll be able generate the maximum amount of income from the Tax Resolution portion of the TAX DRx Franchise System. New franchise owners who are not Enrolled Agents will work with EAs and CPAs through our apprenticeship program to assist in generating tax resolution income through a shared fee arrangement until the EA designation is obtained by the franchise owner or an employee of the franchisee.
Why can't I just do all this on my own?
You can, however, we've found that you can accelerate your success through working within a Franchise System! Every year we attend the IRS shows and meet many who have their own small tax practices, many of whom have been in business for more the ten years. Most of them work from a home office or a small office and process between 100 and 300 returns annually. Many have been, for lack of a better word, "stuck" at this level for quite a while. One day, when it’s time to get out of the business, most will be sadly disappointed when they realize that their "business" does not have marketable value. Without branding and a business that makes money without you doing all the work, you don't have a business; you “ARE” the business. At TAX DRx we will teach you a better way and you'll grow a substantial tax preparation and resolution business that has intrinsic value.
What will I receive as part of the TAX DRx Franchise System?
You will receive 5 days of comprehensive training at our corporate headquarters. In addition, we will provide 1 to 2 days of onsite help. You will gain access to our Franchise Development Team, all of our operation procedures, software and management tools. We will provide you with a copy of our proprietary operations manual to help you run your business profitably and efficiently. Best of all, you'll have the support of our corporate office through out the entire year. We will even answer your client calls while your on vacation or closed temporarily.
What are the Steps to Ownership?
Review website materials, call TAX DRx to get the remainder of your questions answered
Conduct initial interview with TAX DRx Franchise director
Complete Franchise Application and Profile
Conduct phone interview to review your application
Visit corporate headquarters to meet with TAX DRx staff and see a retail office
Investigate and select territory
Complete franchise agreement and submit required payment
Schedule time to start your training because you are now a member of the TAX DRx family
Did We Mention It's EASY?
We know you're busy providing what you do best. That's why we make the TAX DRx system extremely straight forward. Simply work the system to get the results you want. This is about as "plug 'n play" as business building can be. Simply work our system, be successful. It's the clear pathway to wealth established by many before you who have made our network an integral part of their business.
Let's Talk!
Please contact uus for your no-obligation discussion of the many benefits a TAX DRx Franchise could bring you and your business. This is the business building network that could greatly enhance your practice for years to come.