Industries 
Summary
TaxAssist Accountants is the UK's leading accountancy network catering exclusively for small businesses. TaxAssist Accountants is a full member of the British Franchise Association.

TaxAssist Accountants

  Opportunities:
In the UK
  Business Type:
Franchise
  Minimum Investment:
£36,950
  Training Provided:
Yes
  Home-based:
Yes
  Part time:
Yes
  BFA Membership:
Member - Full

Company Overview

Established in 1995, TaxAssist Accountants has established a network of almost 200 franchise areas providing a comprehensive range of professional tax and accountancy services to small businesses – sole traders, partnerships and limited companies with a turnover of up to £2 million. Our network services over 52,500 clients and has gross annual recurring fees in excess of £35 million. Our franchisees receive full training and support to enable them to launch, build and manage their own business. We take on accountants as well as senior finance and business professionals. You do not need to be a fully-qualified accountant because you would employ and manage accountants allowing you the freedom to focus on all other areas of business.

Franchise Overview

We have no company-owned outlets or any other source of income, our focus is 100% on franchisee development and we have won numerous industry awards (franchise and accountancy) to demonstrate the strength of our model. With the potential for 400 franchisees across the UK we have new opportunities nationwide and resales available. We are expanding internationally with the success of Ireland we now have one master franchise in Canada. Our next countries we are looking to expand to are Australia, New Zealand and the USA.

Training

Each franchisee receives 43 days training in the first 6 months which includes technical, practice management, marketing,  business development and our nurture programme which is hosted by our in house training academy. The initial training course lasts six weeks and is residential at our support centre in Norwich. All training fees, meals and accommodation are included in the franchise fee. Further training is available to franchisees and their staff, both in Norwich and regionally.

Daily Life of a Franchisee

You will be networking with small businesses and business referral partners to generate leads locally, along with following up on enquiries generated via national advertising. Business development will be your initial focus! You will also be building a team of employees, who will be responsible for accounts production, and managing the practice to ensure that it is run in a profitable and compliant manner.

Full Description

Your own accountancy business

with TaxAssist Accountants

200+ territories available across the UK

A proven route to buy or build a business that can deliver:

  • Healthy income stream
  • Control of your work-life balance
  • Work ‘on’ the business, not in it
  • Option to open multiple offices as you grow
  • Proven sale value on exit

“I very much enjoy the buzz associated with helping small businesses. I thought I could provide added value to my clients through my experience. If you have a desire to work for yourself and have an interest in small business, then look no further.”
Lloyd Evans, ex-Finance Director & CEO

Whether you have a business or financial background, or are currently an accountant already, we have options nationwide to purchase new territories and existing businesses coming up for resale.

Examples of recent business sale prices include:

  • £460k fee bank, 1.3x multiplier
  • £182k fee bank, 1.23x multiplier
  • £190k fee bank, 1.3x multiplier
  • £254k fee bank, 1.1x multiplier

“It had always been my dream to start my own business. Becoming a TaxAssist franchisee has changed my life. I am not only financially well off, with a better lifestyle, but I also now have a sense of purpose. I have a real sense of achievement.”
Nadeem Iqbal, former Banker & Retailer

6 key reasons people invest with TaxAssist Accountants

1. Clicks and mortar model: Combining digital accountancy with trusted face-to-face advisors
2. Leave corporate behind: Forget the politics and stress, work with small businesses
3. Autonomy: Lead from the front and take control of your life
4. Build an asset: Proven higher multiple on resale, thanks to the strength of our brand
5. Future-proof: We keep franchisees ahead of the digital revolution in accounting
6. Unique ownership: Franchisees own 35% of the franchise, ensuring joint development

“I didn’t want to be ‘just an accountant’. As I grew tired of corporate life, owning a TaxAssist Accountants franchise appealed to me as I valued the ongoing support and ready-made systems which would fast-track my business.”
Ali Redwood, ex-Corporate Finance

POWERFUL SUPPORT

With TaxAssist Accountants, your business will have the marketing power of a global brand. Our proven lead generation service delivers the right prospects to grow your fee bank, while your own responsive website and adwords campaigns increase your visibility locally.

Our training academy keeps you and your staff ahead of the curve. Bespoke training and technical support is delivered when you and your team need it, to help ensure your business remains the local market leader, operating to the highest professional standards.

AWARD-WINNING SATISFACTION

We’re proud to be a longstanding full member of the bfa and a multi-award-winning business, including attaining ‘5 Star Franchisee Satisfaction’ for five consecutive years.

If you have drive, commercial acumen and you’re looking for a successful and proven business model to achieve your goals, then get in touch to begin the process of due diligence.

  • 10 Years of Success for TaxAssist Poole

    10 Years of Success for TaxAssist Poole

    Ten years after setting up TaxAssist Accountants in Poole, the team has put down roots for long term growth. Husband and wife team, Martin and Liz Tapley joined TaxAssist Accountants in 2007, and now look after more than 300 small businesses across the area. T...

    Read More

  • Background and the business model in action

    Background and the business model in action

    Founded in 1995, TaxAssist Accountants has become the UK’s largest network of accountants specifically servicing the small business market.   Our network of over 200 franchised areas servicing over 63,000 clients with a combined fee bank in excess of £42 m...

    Read More

  • Case Study: Renee Mackay

    Case Study: Renee Mackay

    Renee Mackay is from a training and development/IPD background but had run her own business for nearly ten years before buying into TaxAssist Accountants. Renee Mackay is from a training and development/IPD background but had run her own business for nearly te...

    Read More

  • TaxAssist Accountants arrive in Ireland

    TaxAssist Accountants arrive in Ireland

    TaxAssist Accountants, the UK’s leading accountancy and taxation service for small businesses is celebrating their new franchisee recruitments. TaxAssist Accountants have enjoyed a great relationship with Franchise Direct for a number of years and have credi...

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  • West Midlands based TaxAssist Accountant celebrates 56 per cent increase in business

    West Midlands based TaxAssist Accountant celebrates 56 per cent increase in business

    “Our business grows through word-of-mouth recommendations and it’s great to see such a significant increase in referrals.” Lloyd Evans and his team are celebrating a successful start to the year, after seeing a dramatic increase in business. Lloyd, who h...

    Read More

  • The Benefits of a Trusted Brand When Starting Your Accounting Practice

    The Benefits of a Trusted Brand When Starting Your Accounting Practice

    “We’ve spent years perfecting the systems, support and advice we give to our franchisees.” James Mattam has spent his entire full-time career with TaxAssist Accountants, working his way up from managing the IT and business development teams to his curren...

    Read More

  • Peter Sewell Finds TaxAssist Accountants

    Peter Sewell Finds TaxAssist Accountants

      Peter Sewell has recently joined TaxAssist Accountants, after finding out about the franchise opportunity online.   Congratulations to Peter Sewell, who found TaxAssist Accountants through searching online. He is operating from a shop front in Llan...

    Read More

  • Paul Chillman – TaxAssist Accountants

    Paul Chillman – TaxAssist Accountants

    There is always ongoing support available from the support centre. The twice-yearly annual training sessions are a great help, but the technical support is also highly valued.

    Read More

  • John Mayer – TaxAssist Accountants

    John Mayer – TaxAssist Accountants

    If you follow the model, there is enormous potential for growth. Much depends on the attitude, ambition and business acumen of each franchisee. The first few years can be very challenging, but once you get through that period, growth and cash flow gets easier....

    Read More

  • Lloyd Evans – TaxAssist Accountants

    Lloyd Evans – TaxAssist Accountants

    After two years, growth has been steady and good, in line with plan. I have recently taken on two additional members of staff, which has enabled me to step away and concentrate more on working on the business, rather than in it. Clearly, client delivery and in...

    Read More

  • Russell Charles

    Russell Charles

    Having been in practice for 17 years before joining TaxAssist, I only attended two of the training weeks. Both were excellent. I am often asked why we decided to join TaxAssist after so many years in practice. Working as a sole practitioner can be a very lonel...

    Read More

  • Vince

    Vince

    The support provided by TaxAssist is second to none! I can't stress how important it has been to helping me grow my business. I didn't come from an accountancy practice background so relied quite heavily on the support provided from the outset. Help ...

    Read More

Full Legal Company Name
TaxAssist Accountants
HQ Address

TaxAssist House, 2nd Floor, Bankside 300, Peachman Way, Broadland Business Park, Norwich, NR7 0WF, England

HQ Postcode
NR7 0WF
Telephone
0800 0188297
Contact
Jody Fiveash
Website
BFA Membership
Member - Full
Company overview

Established in 1995, TaxAssist Accountants has established a network of almost 200 franchise areas providing a comprehensive range of professional tax and accountancy services to small businesses – sole traders, partnerships and limited companies with a turnover of up to £2 million. Our network services over 52,500 clients and has gross annual recurring fees in excess of £35 million. Our franchisees receive full training and support to enable them to launch, build and manage their own business. We take on accountants as well as senior finance and business professionals. You do not need to be a fully-qualified accountant because you would employ and manage accountants allowing you the freedom to focus on all other areas of business.

Investment Currency
GBP £
Training

Each franchisee receives 43 days training in the first 6 months which includes technical, practice management, marketing,  business development and our nurture programme which is hosted by our in house training academy. The initial training course lasts six weeks and is residential at our support centre in Norwich. All training fees, meals and accommodation are included in the franchise fee. Further training is available to franchisees and their staff, both in Norwich and regionally.

Business Type
Franchise
Franchise Overview

We have no company-owned outlets or any other source of income, our focus is 100% on franchisee development and we have won numerous industry awards (franchise and accountancy) to demonstrate the strength of our model. With the potential for 400 franchisees across the UK we have new opportunities nationwide and resales available. We are expanding internationally with the success of Ireland we now have one master franchise in Canada. Our next countries we are looking to expand to are Australia, New Zealand and the USA.

Home Based
Yes
Locations
UK-England
Daily Life of a Franchisee

You will be networking with small businesses and business referral partners to generate leads locally, along with following up on enquiries generated via national advertising. Business development will be your initial focus! You will also be building a team of employees, who will be responsible for accounts production, and managing the practice to ensure that it is run in a profitable and compliant manner.

Training Provided
Yes
Min Investment
36950
Part Time
Yes
Franchises suitable for Women
Yes
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