This woman is behind the first Black-owned tax franchise system in U.S. giving businesses financial freedom

Abu Mubarik Oct 6, 2020 at 09:02am

October 06, 2020 at 09:02 am | Success Story, Women, Women of Value

Abu Mubarik

Abu Mubarik

October 06, 2020 at 09:02 am | Success Story, Women, Women of Value

Alniesha Carter is the founder of the first Black-owned tax franchise system in the US. Photo Credit: Blackbusiness

Alniesha Carter is the first Black woman to own a tax franchise business in the United States. The tax franchise business, TaxPrep Evolution Inc. (TPE), is already making significant impacts in the country, according to Blackbusiness. Carter has been in the U.S. tax industry for over 20 years and has single-handedly assisted over 50 black women to become tax business owners and entrepreneurs. As a serial entrepreneur, she has left a good impression on women who want to become their own boss and attain financial freedom.

In 2005, she licensed her business model and later partnered others to open multiple tax offices in various states across the U.S., catapulting her into the enviable feat of being the first Black woman to own a tax franchise system. 

Carter has other businesses besides her tax firm. Over the years, she has transitioned from being a successful restaurateur to owning a fleet of trucks for hauled freight across the country. Her entrepreneurial drive is what has propelled her into the tax business. 

In March this year, she told Forbes Magazine that when she started building her tax franchise, she felt the sector was overlooked due to the extensive amount of research, development and time to create a successful business model. 

For Carter, creating a successful tax franchise system was not only a historical moment for her but for the people who also work within that space who were initially skeptical about its viability.

Aside from her successful tax franchise business, she is also a life coach for hire. “A life coach can support you in finding and staying on your path. By building a relationship with my clients, I can help you stay motivated and on-task, helping you move toward your long term far-reaching goals,” says Carter.

She further writes on her website that “My goal is to help you re-imagine your life. With extensive experience in life coaching and a vast history of client success, my individualized positivity approach will help you attain your goals.

“As a professionally trained and experienced life coach, I have the tools and understanding to help you to create the life you imagine and get a renewed sense of self. Committing to a healthier lifestyle is just that—a commitment, and it’s a big one that will take a lot a dedication. My commitment is to provide you with accountability, understanding, and support.”

As a successful Black businesswoman, one of her challenges is discrimination. “I have experienced discrimination as a black female entrepreneur especially in the banking industry,” she told Forbes.

A recent study by Citigroup found that longstanding discrimination against minority groups, especially Blacks cost the U.S. economy 16 trillion. The report also estimated that the U.S. economy could see a $5 trillion boost in the next five years if racial gaps are closed. 

Despite the existence of systemic bias, Carter is of the strong conviction that it should not deter one from setting out to achieve his or her aim in life. 

“You have to get educated on credit, debt, interest rates, savings, retirement accounts, real estate and the stock market. It’s a lot of discipline. Things that have helped me in terms of getting organized financially are staying on top of my credit and bills, making sure I’m within my budget, making sure I’m putting money away to save, and investments,” she told Forbes.

TPE aims to create exceptional franchising opportunities that give its consumers financial freedom. Unlike most competitors, TPE franchising does not require a costly initial investment. 

TPE is committed to guiding entrepreneurs from startup to stable profitable tax preparation businesses. Future plans include assisting over 100 women and men in obtaining financial freedom by creating TPE franchise owners across the nation.

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