With a 9% increase in fee income – up from £46.6m to £50.8m – TaxAssist Accountants is the 22nd largest accounting provider in the UK.
The accounting sector continues to show its resilience through the pandemic with strong growth according to this year’s Accountancy Daily Top 75 accounting firms survey.
Daren Moore FCCA, Group Managing Director, said: “The TaxAssist Accountants network performed solidly through the pandemic and 2022 has seen even stronger growth in fee income. We are expecting this to lead to a record year for us.
“This is the result of the hard work and effort the franchise network has put in to support their clients through uncertain times, the goodwill this has created and the strength of the TaxAssist brand.
“We have seen an acceleration in the pace of change the accountancy industry has experienced in recent years. Clients now expect more from their accountants and we see huge opportunity for our franchisees as more and more clients reach out to their trusted advisor for help and advice.
“We continue to enhance and develop our range of additional advisory and financial services for clients, all offered through our extensive network of local, highly visible, TaxAssist shops. This, combined with our dominant brand and online positioning, bodes well for our network breaking into the Top 20 firms.”
Accountancy Daily Contributing Editor, Philip Smith, states in his analysis: “With record levels of income, the UK’s accountancy firms are powering ahead, driven by a rapidly transforming business environment… the combined income of this year’s firms has hit £18.87bn, an increase of 6.4% over the previous year’s survey.
“This marks a more than decade-long bull run for the Top 75, which has not experienced a collective dip in income since 2010. Even Covid-19 has not been able to slow down growth.”
To see the list of the Top 75 accounting firms and an analysis by Accountancy Daily click here.