TaxAssist Accountants is the UK’s largest network providing tax advice and accountancy services specifically for small and medium sized businesses, sole traders, partnerships, limited companies and personal taxpayers.
Our business model, support and business development strategies help franchisees to build sizeable, scalable and profitable practices which are also valuable and saleable assets.
The franchise was founded in 1995 and now has over 250 franchises operating in the UK. Many prime territories are still available and we also have established franchises for sale with immediate income streams, as well as the opportunity to convert existing practices to TaxAssist.
An innovative business model
We have developed an innovative business model that allows our franchisees to focus on a lucrative market of potential clients.
The proven business model of TaxAssist Accountants is straightforward – take on hundreds of individual taxpayer and small and medium sized business clients, with relatively uncomplicated accounting, tax and advisory work, while being based in visible, accessible and welcoming shopfront premises.
By servicing the needs of businesses, subcontractors and the self-employed, as a franchisee you can focus on a group of clients who have traditionally been under-serviced.
Our Market
We pride ourselves on leading the way to ensure our accounting practices are the first choice for clients.
The loss of the traditional bank manager and other advisory organisations has left a gap that TaxAssist Accountants franchisees are filing, as people seek a trusted personal advisor for their business and personal financial affairs.
With a network of more than 400 highly visible, welcoming, high-street shops and offices across the UK, our accountants are ideally placed to take advantage of the opportunities that changes in the accounting industry are bringing.
Tax and accountancy services are always in demand, and with our fresh, innovative and relationship-led approach, TaxAssist Accountants really stands out from the crowd.
Multiple income streams
Alongside our core tax and accountancy services, franchisees have access to multiple additional service lines (Financial Planning, Tax Consulting and Payroll). These can be introduced to clients and then referred on to dedicated teams through the TaxAssist Group to undertake the service delivery – helping to create multiple revenue streams for franchisees’ businesses.
Extending the TaxAssist portfolio offers enormous potential for growth and creates huge value to franchisees in attracting and retaining clients. With more services in the pipeline, this enhances the brand and puts us several steps ahead of the competition.
The background of a typical TaxAssist franchisee
If you join us as a new start franchisee or you are converting your existing practice to TaxAssist Accountants you will need to be a qualified accountant with a practising certificate.
If you are purchasing a TaxAssist franchise resale and you are not an accountant with a practising certificate, then having a financial/senior management position within the banking or financial services sectors or proven business background is essential.
Initial Training Course
The TaxAssist Training Academy holds four initial training courses per year. The course educates franchisees on how to run a business, so they are equipped with all the necessary skills to be the principal of their own accountancy practice from their first day of trading. The course lasts for four weeks, with three of these based at our Support Centre in Norwich, and one virtual week.
The training will cover:
• Accounts & tax
• Software
• Practice Management
• Sales & marketing
• HR & staff recruitment
By the end of the initial training provided, franchisees will know how to run and grow their own successful business, having learned the following skills:
Tax, accountancy and software training is delivered by our team of qualified accountants, tax advisors and software trainers in conjunction with specialist training partners. Through this partnership we can ensure that all materials are up-to-date, directly relevant for our network and are of the highest quality.
Mentoring
Mentoring is provided by:
Our Franchise Development Manager David Spurrier supports new franchisees in their first year, providing business development, general management and business planning advice and support to help you launch and grow your practice. He will have at least six visits over your first year either face-to-face or virtually to help guide you. You will receive a business development visit each year from then on with the main focus on building your business, profitability, and ultimately helping you achieve your ambitions.
Ongoing training
On an ongoing basis, franchisees benefit from bi-annual tax update days, bi-annual Regional Meetings, and a full range of additional one and two-day courses specific to tax, accountancy and business development. These are provided by the in-house Training Academy team and specialist training partners.
The Training Academy’s courses are complemented with a comprehensive range of CPD and practice development seminars and webinars, as well as e-learning delivered by market-leading partners at discounted prices.
Our support to our franchisees also covers their exit, for which we can offer:
TaxAssist franchisees manage their team to deliver a suite of accounting, tax, financial and advisory services to small and medium sized businesses, sole traders, partnerships, limited companies and personal taxpayers from welcoming highly-visible shopfronts. Your role will primarily consist of:
You’ll spend your time growing your business attracting new clients and leading your team of loyal staff. We’ll guide you every step of the way to maximise both your income and asset value, all you need to do is follow the proven model – just like hundreds of people have before you.
We understand that much of this may be new to you and we have tailored the training and support to give you the skills you will need to run and grow a successful business. Likewise, if you are not a qualified accountant, and have purchased a franchise resale, we will train you to understand the services that you will be providing.
The goal is to work on the business rather than in it. That way, you’re growing an asset, as well as your income. We’ll guide you every step of the way to maximise both your income and asset value.
