New Nationwide Licensing Program Offers Tax Preparers an Alternative to Franchising

Tax Smart America, Inc. on Monday, launched the Tax Smart America® Business Center License Program offering tax professionals a new alternative to expensive franchise systems, such as those of H&R Block, Jackson-Hewitt or Liberty Tax. The unique methods, in development since 2000, provide independent tax firms with the benefits of a proven successful business program with a low-cost licensing fee.

“We see this as an exciting time with a new horizon in the future of business licensing systems for the tax industry,” company representative Daniel Love, who is also president of parent company Smart America Group Enterprises, Inc., said in a prepared statement. “We have already begun pre-licensing efforts in some cities before our actual official launch. We are confident that once a tax professional sees the tremendous value of these methods, they will never consider a franchise system again.”

The company went on to state that is believes significant change is in the future with such explosive growth in the numbers of new small business start-ups. Under Tax Smart’s business license model, tax professionals will be able to create a unique, competitive advantage over the more traditional seasonal tax preparation services.

The hallmark of the Tax Smart America business center model is its ability to offer a successful business plan and operating system for tax professionals, allowing for a dynamic year-round practice, with an emphasis on providing a wide range of valuable services offered to small business owners. Under the Business Center License Program, the licensee remains free, at every level, to operate their business in the best manner that suits them. In fact, the licensee is truly their own boss because there are no weekly or monthly reporting requirements, no strict corporate policies to follow, and no expensive royalty fees, surcharges or large capital investment. At the same time, licensees benefit from a proven business system, national brand name and dynamic marketing system that adds value to their firm.

With estimates reporting more that 60,000 new business start-ups every month, the company believes it is well positioned to attract tax professionals of all types, including independent tax firms seeking the benefits offered by the business license models, as well as current competitors from the more traditional franchise and corporate-owned store model.

You may like these other stories...

Camp Hopes Estate Tax Will Be on Its Way OutAn article in Bloomberg said that Republicans are considering voting this year to repeal the U.S. estate tax, according to House Ways and Means Chairman Dave Camp (R.-Mich.). He...
Senate Takes Different Approach from House for Highway and Bridge FundEarlier this week, according to a New York Times article, the Senate agreed to fill the coffers of the fund that pays for highway and bridge repairs with...
There it stands, your client's 100-year-old, rickety, vermin-infested barn or former hotel or whatever the darn thing once was. And she's considering what to do with it. There are two words that can help her decide...

Upcoming CPE Webinars

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.