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
The TaxAssist Group makes first strategic practice acquisition
Milestone £2m purchase for the ambitious franchising and accounting group.
TaxAssist Direct Acquisitions Limited, a fully owned subsidiary of The TaxAssist Direct Group Limited, completed its first transaction on 31 May, acquiring a majority stake in the largest TaxAssist Accountants franchisee practice in its network.
Chief Executive Officer, Daren Moore FCCA, said: “I am pleased to announce the successful completion of the first of our planned acquisitions for 2024, with The TaxAssist Group taking a majority stake in Mike and Penny Melling’s TaxAssist Accountants franchise business.
“Mike and Penny’s accounting practice has been built and operated very effectively over the past 12 years and clearly met the key criteria we set when looking at acquisition and resale opportunities.
“This purchase marks a significant milestone in the delivery of our ambitious Strategic Plan. The acquisition will immediately boost the profitability of The TaxAssist Group and provide us with access to a well-run accounting practice. This will create substantial economies of scale and will allow us to cross sell and upsell functions at a local level, capitalising on the opportunities provided by Payroll by TaxAssist, Tax Consulting by TaxAssist and Financial Planning by TaxAssist.
“The acquisition will also support our ongoing development and improvement of the services we provide to our franchisees creating the opportunity to develop and test ideas, refine processes and continue to build our ‘TaxAssist Practice Engine’ model in a live practice environment which can then be shared with our networks.
“2024 is proving to be a very busy year. We began with the launch of our new group branding, which has received a hugely positive response from our network and their customers. We have followed up with a key acquisition which will create future opportunities for shareholders and franchisees alike. These are important elements of our longer-term Strategic Plan and we look forward to announcing further exciting news in the second half of the year.”
The TaxAssist Group now operates three franchise territories – Harpenden, St Albans & Radlett, Beaconsfield & High Wycombe and Potters Bar, Welwyn Garden City & Hatfield. Mike Melling, while no longer a TaxAssist Accountants franchisee, will continue to oversee these operations through his role as a Group Chief Operating Officer on the TaxAssist Group Board.
The TaxAssist Group has a unique ownership structure among the franchise industry, c.60% owned by franchisees. New franchisees operate their own local business as part of the TaxAssist network, and if they choose, have the opportunity to become a shareholder in The TaxAssist Group.
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.