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• • • FRANCHISE NEWS STORY • • •

Date: 1/22/2010
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Tax Franchise, Smart Tax, Step-Above Tax Preparation Services Opens in Long Island, NY With Local Entrepreneur.
FranchiseWorks.com | Tax Franchise, Smart Tax, Step-Above Tax Preparation Services Opens in Long Island, NY With Local Entrepreneur. Smart Tax Franchise Continues Expanding by Partnering with Local Driven Entrepreneurs – Projects 100 Locations By 2012.

BROOKLYN, NY – While many businesses are slowing down due to the rocky economic climate, Smart Tax franchise, a newly launched 10-unit tax preparation franchise concept, is just starting to speed up.  Smart Tax is a step above the competition by offering quicker returns, better services and is expanding rapidly, now opening their newest tax center franchise location in Baldwin at 1298 Grand Ave.

“I have always been on the franchisor side of the industry, and now I wanted to switch gears and Smart Tax was the perfect opportunity to offer a much-needed service to a community in high demand of tax services,” said David Stein, franchisee of the Baldwin location.

David Stein, a broker for branded franchise concepts such as Dunkin Donuts, Baskin Robbins, Taco Bell, KFC and Checkers Hamburgers, has now entered into a franchisee role, opening the Baldwin Smart Tax location. His partner, Teresa Castano, a native to Columbia and a 10-year financial industry expert in accounting, taxes and mortgages, will bring Baldwin a unique combination of Smart Tax services - offering complimentary mortgage modification and services in both Spanish and English. The two have combined their skills in the franchise industry and financial industry to offer the best tax preparation and financial services to their community.

“I am very excited to get things up and running with the new Smart Tax location, especially to be able to provide quick and economically friendly tax preparation services to the community of Baldwin,” said Castano. The pair also plan on further expanding their services throughout Long Island and into Queens by developing five additional Smart Tax locations.

CEO and Founder Nick Rizzi grew Smart Tax into four small successful locations, after launching his first location as a 29-year old entrepreneur using his life savings and a credit card.  Rizzi created his concept a step above the competition by offering quicker returns and better services.

Despite the economic climate and people cutting back on spending, tax returns is one appointment people can look forward to every year—and people can get their taxes processed at Smart Tax in as quickly as an hour for a very low cost.

“I wanted to create a system one-step ahead of competition and provide a service that our customers valued in each community we enter,” said Rizzi, noting he plans to have 100 locations by January 1, 2012. “David Stein and Teresa Castano are a great addition to the Smart Tax team. They will serve as a strong asset in growing the Smart Tax brand throughout Long Island and Queens, and bring a great deal of experience and passion to the Baldwin community.”

ABOUT SMART TAX                                                   
Smart Tax was founded in 2005 by CEO Nick Rizzi, who noticed a void in tax service options, strong customer service, and speed of return in an under-saturated tax preparation segment. After growing Smart Tax to four successful operating locations, Rizzi decided to begin franchising the concept – thus offering the same services in communities nationwide. Built on knowledge, experience, training and years of hard work in financial planning, taxes, insurance, and more, the Smart Tax franchise will launch on January 3, 2010 with 15 locations. Smart Tax is a tax preparation franchise service offering a quick and hassle-free way for its clients to file their taxes each and every year. With access to up-to-date information, technologies, and a proprietary system, Smart Tax projects 100 locations open by January 1, 2012.

If you would like more information about owning a tax franchise, go to www.franchiseworks.com

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