Accountancy & Financial Services

TaxAssist Accountants Franchise

TaxAssist is in the accountancy sector and is specifically seeking to help and offer advice to small businesses.

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Min. investment

£39,949

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Total investment

£149,999

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Funding support

Assistance available
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Coverage

Worldwide
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Franchise Fees

N/A
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Level of expertise

Beginner to Senior

About TaxAssist Accountants

Founded in 1995, today, TaxAssist Accountants has a franchisee network of 248 franchisees. The brand has over 247 franchised areas in the UK and 133+ territories available. As the largest accounting brand in the UK focused on the small business market, and the largest accountancy franchise network in the country, this could just be the perfect opportunity for you.

What They Offer

TaxAssist is in the accountancy sector and is specifically seeking to help and offer advice to small businesses. Because of ongoing innovations in technology and changing the way accountants work, many business owners are looking for effective systems to manage their companies together with the human touch regarding guidance on everything ranging from tax planning to growth and funding.

The Franchise Offering

Benefitting from a well-recognised brand in the industry, as a franchisee, you will combine digital accountancy with trusted advisors. As your own boss, you will be able to leave behind office politics and stress and focus on your work with small businesses. This can help you take control of your life. The brand is well known for being “ahead of the digital revolution in accounting” and one day, if you decide to resell your business, you can take advantage of proven higher multiple-on-business resales. Also important to know is that this is a 40% franchisee-owned business which means that your interests will always come first.

All you need in order to get started is to submit your enquiry via a call or by contacting the franchisor. They will arrange a convenient time to have a confidential chat. The next step is to book a Discovery Day, which is a no-obligation information day that’s designed to answer all your questions about the franchising opportunity. It’s also a great time to meet the staff and the Directors of the Support Centre, who will play a pivotal role in helping you grow your business.

The final step is for you to carry out your due diligence, complete a business plan and arrange finance (if necessary). After this, you’re ready to start on your journey by beginning with a high quality training course.

Who Are They Looking For?

It doesn’t matter whether you have a business or financial background or are currently an accountant already – you should know that accountancy experience is not needed for this franchise opportunity. This is because the focus is on managing a team. As a result, strong commercial and managerial experience or a background in financial services will stand you in good stead.

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The Cost

In order to get started on your TaxAssist business journey, you will need to pay the franchise fee of £39,950 + VAT. Meanwhile, existing practices for sale have an associated franchise fee of £19,975 + VAT. The total investment figure – which is set at between £100,000 and £150,000 – will depend on location, working capital and level of personal drawings required. Don’t worry though – the brand will work closely with you throughout the business planning process to establish the right level of investment for you.

Funding

Also important to know is that because of its industry-recognised brand name and proven business model, the major banks fully support the TaxAssist Accountants franchise and will typically lend up to 70% of the total investment required.

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Training and Support

TaxAssist will be with you throughout your journey by offering comprehensive training and full technical, marketing and business development support.

With regard to marketing and business development, you can rely on support prior to your launch, which will include a proven lead generation service and responsive website and managed search engine advertising campaigns.

The marketing trainers provide a Business Acceleration Programme across eight days of the initial seven-week training course. The programme also monitors your business development through the first two years.

The Training Academy keeps you and your staff ahead of the curve.

“Following the training course, there is further training in year one and two. The follow up training is a mixture of Technical, Practice Management and Business Development including additional services, staff recruitment, how to cross sell and business plan development days. These areas are covered in additional training and mentoring at months 3, 6, 12 and 24.”

Meanwhile, there is also training on an ongoing basis through modestly priced courses at their support centre in Norwich and regionally. The marketing courses include pricing and fee raising in addition to social media training.

Twice a year, Technical Update Days cover budget, tax and accountancy updates.

Next Steps

If you’re contemplating pursuing this franchise opportunity, send an enquiry and request further information. It’s easily done – fill out this form and submit it. It will take just seconds.

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Let us know if you’re interested in taking a franchise opportunity by filling out the form. You will then be contacted by one of our representatives.

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