A rewarding scalable business model for the financially astute
Run your own accounting and advisory business
Now more than ever, you might be thinking about how to make your time and income work harder for your future, so that you’re in control.
As a TaxAssist Accountants franchisee, you can run a thriving accountancy and advisory business, enjoy a growing income from your efforts, and build a valuable asset to sell when the time is right.
You will be able to deliver a suite of accounting, tax, financial and advisory services to local business owners, contractors, freelancers, and their families from your welcoming high street premises.
Successful franchisees come from a wide range of backgrounds, ages and experiences
Franchisees have worked both in practice and industry, banking, financial services, corporate and consulting, and some have been former successful business owners too.
Having a financial background is essential – the focus is on advising and supporting clients while your tech and team do the number crunching.
The Market
With the loss of the traditional bank manager and other advisory organisations, there is a gap that TaxAssist franchises are filling, as people seek a local trusted advisor for their business and personal financial affairs.
Demand is constant, with evolving tech automating many of the basic services. Franchisees and their teams harness this to deliver a suite of accounting, tax and advisory work, with a relationship-led approach.
Alongside these core services, you’ll have multiple additional service lines (TaxAssist Financial Services, Tax Consulting by TaxAssist and Payroll by TaxAssist) that you can introduce to clients and then refer to our dedicated teams of specialists at our support office to undertake the service delivery – helping you create multiple revenue streams for your business.
Our technical team operate a helpdesk, as well as delivering regulatory updates for your team, and we provide specialist support and mentoring for you as the owner. You’ll always be able to access the advice you need, whenever you need it.
Your role – and our role
As a TaxAssist franchisee you are in business for yourself, but not by yourself.
The goal is for you to work on the business rather than in it. That way, you’re growing an asset as well as your income.
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.
Think of us as your back-office support team, with years of experience helping people start and grow their accounting firm.
TaxAssist franchisees benefit from our:
- Market leading brand with a proven product and service mix
- Lead generation service and digital visibility, including website and marketing campaigns
- Refined technology, systems and processes for every element of your business
- Guidance setting out your business plan, a proven route to building a saleable asset
- Keeping you and your business right at the leading edge of changing trends and regulations
- Multi-award-winning 5* franchisee support year-after-year – independent industry survey
Franchisee Majority Ownership of us ‘the Franchisor’
Did you know? The TaxAssist Group has a unique ownership structure, c.60% owned by our franchisees, that ensures franchisee success is truly at the heart of our strategy. New franchisees own their own local business as part of the TaxAssist network, and if they choose, have the opportunity to become a shareholder in the franchisor.
There are three typical routes to running your own TaxAssist:
Next steps
The TaxAssist franchise is for the financially astute, people who enjoy the reward of delivering ongoing value to their clients, forging deep mutually profitable relationships. Our next steps include:
Do you have:
- Drive and determination
- Commercial and financial acumen
- Discipline to follow a proven, successful model
- At least £40K to invest to start your new business
Over 245 accountancy practices in the UK,with another 135+ territories available
- Franchise Fee: £19,950 + VAT for a new start franchise*
- Total Investment Required: From £100,000
- Minimum Investment: £40,000
New Tax Manager joins the TaxAssist Support Centre
Nikki Shepherd ACCA has further strengthened the Tax Consulting team.
Andy Gibbs ATT, CTA, Director of Services, said: “We are delighted to welcome Nikki Shepherd into our Support Centre team in Norwich.
“Nikki joins us as a full time Tax Manager in the Tax Consulting team and brings with her a wealth of knowledge, skills and experience. Nikki will support our network of accountants ensuring that their clients are well informed and supported to keep their personal tax affairs in the best possible shape.”
Tax Consulting by TaxAssist was launched in 2018 and has proven to be very popular with TaxAssist Accountants and clients alike. Further recruitment is planned for the short term to cope with increased demand.
Andy said: “While most tax planning needs can be supported by our network of accountants, our specialist tax consulting service enables franchisees to offer their clients a much larger range of services than a lot of their competitors, but still deliver a personal and local service.
“Clients can be introduced to a dedicated team of specialists at the TaxAssist Support Centre who will undertake the service delivery – which helps to create multiple revenue streams, increase profit margins and efficiency and win new business for our accountants.”
Being part of a franchise network is the best of both worlds... I get to make my own decisions about the business and yet we are part of this massive network made up of the very supportive franchisor, directors and staff, as well as the other franchisees
I am happy to report that I now have over 400 clients, which generate an income and flexibility in how I work that could not have been achieved on the corporate ladder I stepped off. Further, I know that the practice will be a valuable asset for my future when the time is right. The shops, along with my own marketing, and the initiatives of the TaxAssist Support Centre Team, have proved invaluable in helping me to build a substantial practice.
I looked at a variety of businesses within franchising but none of them gave me that spark until I looked at TaxAssist Accountants. I felt I could use my experience gained from working within a professional accountancy practice, and I very much enjoyed the buzz associated with helping small businesses.