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.
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
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 four different ways you can become a TaxAssist Accountants franchisee.
1. Build your own accountancy practice with TaxAssist in a new territory
Most people choose to join the network as a new start-up. This gives you the time to become accustomed to self-employment and build your team and practice up gradually. This represents a faster and lower cost route to building your own practice, and a significant asset. Our franchise fee for a new start is $50,000 + GST.
2. Joining the TaxAssist Academy
The Academy offers professional accountants the opportunity to complete training, learn practice software and lodge returns for clients as they transition their career into public practice. There is no requirement from TaxAssist Accountants to resign from your current employment whilst on the Academy. Over 12 months your lodgements will be supervised and you will be offered continuous training if required.
At the end of the 12-month program you will have the option to join the TaxAssist Accountants franchise, the client base that you have been working on during the Academy is then signed over to your business.
The sign-up fee is then deducted from the final franchise fee. The cost of joining the TaxAssist Academy is $10,500 + GST.
3. Convert your existing practice over to TaxAssist Accountants
If you are already an accounting or tax professional with your own practice, or client base, we can help you grow your existing business.
We are seeing more practices coming to us who are considering their future plans. A combination of Covid, digitalisation, technology changes, automation, compliance requirements, and client expectations is making life increasingly difficult for accounting and tax practices. Converting your practice to TaxAssist Accountants will not only enable you to stay on top of all these changes, but we'll give you the technology, systems, marketing and business development support to diversify your services, develop a team and build a saleable asset.
Your overall business start-up costs will depend on your current situation and is subject to the territory location being available. For further details, see our next page on how you can take your practice to the next level with TaxAssist Accountants.
4. Join TaxAssist Accountants on a joint venture
Join us on a joint venture and become your own boss while part owning a TaxAssist Accountants practice (the exact shareholding arrangement will be dependent on a number of factors). As a joint venture partner, you will have the opportunity to leverage our brand name, reputation, and proven business model to establish and grow your own accounting business within our franchise system, with minimal start-up costs. We provide comprehensive training, ongoing support, and access to valuable resources to help you succeed in your business.
