TaxAssist Accountants opens 250th shop in the UK

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06 May 2021

TaxAssist Accountants opens 250th shop in the UK

TaxAssist Accountants, the UK’s largest network of independent business specialist accountants is celebrating another landmark in its success story – the opening of its 250th shop.

While many brands have been forced to close stores over the past year, TaxAssist Accountants has continued to grow its network by opening 20 new tax and accounting shops across the UK between July and December 2020, and seven so far in 2021.

A TaxAssist Accountants shop is a tried and trusted showcase to help franchisees promote the full range of accounting, tax, bookkeeping and payroll services along with a wide range of additional services that clients need.

Since the first shop opened in 2002 in Norwich, the shops have continually proven to be one of the largest sources of client growth for the network, because of their highly visible locations and their open and welcoming atmosphere along with décor designed to reflect the friendly, modern service on offer by the accountant.

The network’s 250^th shop was opened by Caterham-based Karthik Vasanthakumar, who only launched his accounting practice in October 2020, having quickly found and fitted out his shop, and is already making a real difference in his local community.

“It has been a long-held dream to build my own practice and I’m really enjoying the client interactions I’ve had so far. With footfall now increasing, and lots of positive comments from clients on the look and feel of the shop, I’m confident it will continue to be a draw as I look to grow the business.”

James Mattam, Group Business Development Director, said: “It is fantastic news that we have been able to continue to open many shops especially during such an unprecedented year, and that more businesses will be able to benefit from our first- class service offering.

“With growing interest in joining the TaxAssist Accountants network and an increased demand for our services from clients, the indications are that the network is set for further substantial growth through our unique shop model.

“Our entire business model has always been centred around what clients want. We decided nearly 20 years ago that clients want a retail experience where they could get away from their own business and focus on their finances with our advisers. They often take comfort from the fact that their TaxAssist Accountant is on their side and a part of their team to ensure their finances are managed well and their tax bill is reduced wherever possible and our shops provide that safe space to address these matters.”

The network, which was founded 26 years ago, has grown consistently year on year. Globally, it now services more than 83,000 clients with a fee bank of more than £57 million from 435 shops and offices. As well as operating in the UK, TaxAssist Accountants has successfully launched in the Republic of Ireland, Australia, Canada and the USA, with further expansion planned in the short term.

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