Further growth for the Norwich based TaxAssist Accountants
In July 2011 TaxAssist Accountants were again recognised by Accountancy Age as one of the Top 50 Accountancy Networks being ranked as the 29th largest network in the UK, up on the 34th placing in the 2010 rankings.
Against a national trend that saw 15 of the Top 50 in decline and the overall UK fee income of the Top 50 fall by £80m from £9.87bn to £9.79bn, TaxAssist Accountants were one of just 8 of the Top 50 showing double digit growth with sales increasing by 16% from £16.25m in the 2010 rankings to £18.9m in 2011.
The sustained growth that our network enjoys is testament to the strength of the business model, the support provided by the Head Office in Norwich and the quality of the franchisees within the TaxAssist Accountants network.
About us
TaxAssist Accountants are the largest network of accountants in the UK who specialise in providing bookkeeping, payroll, tax and accountancy services to small businesses with a turnover of less than £1 million.
Each accountant runs his or her own business supported by the TaxAssist Accountants network – one of the UK's fastest growing networks with over 37,500 clients. We trade with local businesses and are very much part of the community.
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Founded in 1995 by a group of dedicated professionals, the TaxAssist Accountants franchise is based on a concept that was, and still is, fundamentally simple: to bring first class professional services to the small business owner.
We recognised that there was, and increasingly is, considerable demand in the marketplace for basic accountancy and taxation services for the non-incorporated businesses and small limited companies. In addition, with the advent of Self Assessment, TaxAssist Direct Ltd allowed a demand for tax returns for the self-employed client to be met cost effectively.
of traditional accountancy practices providing modern, accessible and welcoming locations for our clients allowing them to access our services at their convenience.
The support centre is based in Norwich and is fully staffed with the services of qualified accountants, training, and marketing and administration personnel.
Our clients
We now have over 200 outlets across the UK, 134 of which are shops. Through retailing accountancy services our intention is to depart from the look and characteristics
Our network supports over 37,500 personal tax payers and small business owners including sole traders, partnerships and small limited companies. Establishing a network that focuses solely on smaller businesses we are targeting a market that has a need for our services whilst operating from key shop-style premises or office based locations making us far more visible and accessible.
International
In 2009 we established a Master Franchise operation in the Republic of Ireland who, despite the tough economic conditions, have established a network of 12 franchised outlets across Southern Ireland and continue to grow.
Building on the success in Ireland we have implemented our International Development Strategy in offering our Master Franchise Rights to selected international markets.
Whilst there are many differences between the UK and our target countries, both cultural and legal, there is one constant – every country has a high number of small businesses and tax payers that are in need of our services!
Industry recognition
As well as the accountancy industry recognition, in 2010 our Business Development Director has been named, for the second time in just 4 years, as Marketing Person of the Year by the 2020 Innovation Group.
The British Franchise Association and HSBC announced TaxAssist Accountants as the Gold winner at the Franchisor of the Year Awards for 2010, this was on the back of being named Silver winners in 2008 & 2009 – an unparalleled achievement in UK franchising.
The awards aim to highlight outstanding business acumen, passion and achievement of franchise business across the UK with us up against tough competition with household names including McDonalds and Dominos Pizza.
Brand Integrity
We provide training, helpdesk support, technical audits and a mandatory CPD programme to ensure that our network delivers the high level of service that our small business clients expect.
Through the TaxAssist Training Academy we provide our franchisees with the training they require to run a successful accountancy practice. We provide 43 days initial training and ongoing courses including accountancy, taxation, social networking media, business development and marketing.
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