Why franchising is key to the success of TaxAssist Accountants

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19 August 2024

Why franchising is key to the success of TaxAssist Accountants

The TaxAssist Group’s strategic plan remains focused on growth of franchised business.

James Mattam, Group Business Development Director explains why TaxAssist’s focus has always been, and will always be to support franchisee growth, profitability and expansion.

“Franchising is a fantastic business model to maximise growth potential to the mutual advantage of both parties. It is a proven, tried and tested route into self-employment with a much higher success rate than going into business alone,” said James, who has been a part of TaxAssist, and the franchise sector for over 25 years.

TaxAssist Accountants is an experienced franchisor and long-standing full member of The British Franchise Association. In 2025 the franchise will celebrate the 30^th anniversary of its founding.

“The Support Centre teams thrive off helping franchisees grow their practices. They know that delivering support services has a direct impact on practice growth which in turn generates income for the franchisor. Our success only comes once the franchisees are successful, which makes the model a force to be reckoned with when it comes to offering a first-class tax and accounting service."

Over the last few years, The Group has innovated by introducing complementary services to support franchisees, win new clients and create new fee opportunities. It has also launched a company owned practice in central London and more recently acquired a majority stake in the largest TaxAssist Accountants franchisee practice in its network.

“These new initiatives provide additional income streams and support our ongoing development and improvement of the services we provide to our franchisees. They will create the opportunity to develop and test ideas and experiences and refine processes in a live practice environment, which can then be shared along the way so all franchisees can benefit. These centres of excellence will improve the development of each franchise across the UK and grow further value for the group.

“We will look to develop the group further over time, but our franchisees will be at the core of everything we do,” states James.

“We currently have almost 250 territories covered in the UK, but still have more than 100 available, so we are actively looking to grow our franchise network further.

“Alongside our recent brand refresh, we have redesigned our initial training course which means we have been able to adjust our franchise joining fees, so now is the time to contact us to find out if your preferred exclusive territory is available.”

TaxAssist Accountants, the UK’s largest network for small and medium-sized businesses, provides tax advice, accountancy services, payroll, bookkeeping, and tax savings. It serves over 81,000 recurring clients plus tens of thousands of customers who need personal tax services through more than 400 locations nationwide.

"The TaxAssist Group is more than 50% owned by franchisees, with all new TaxAssist Accountants given the opportunity to become a shareholder and share in the growth as a network. Franchisee success drives Group success and we recognise that this relationship is unique where value can be positively affected by driving each practice forward."

Pictured above are David and Adele Pearce who recently launched their new Christchurch franchise.

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