21st September 2018
The TaxAssist Accountants franchise network saw a 6% increase in fee income up from £37.3m to £39.6m.
TaxAssist Accountants’ continual growth has seen the small business specialist remain at 22nd in the highly regarded industry league table.
Overall, the survey revealed the Top 50 firms collectively increased their fee income to £15.2bn, up on the £14.2bn generated in 2017, and the £13.1bn recorded in 2016, signalling positive growth for the accountancy industry, despite the uncertain climate.
"Holding steady just outside the UK’s Top 20 firms, following a good increase in fee income, is testament to the hard work of our franchisees, successful business model, growing brand name and the adoption of new technology, which has seen client numbers rise to more than 68,000. However, we will not be resting on our laurels.
The accounting industry is going through unprecedented changes at the moment – technology, software, automation, digitalisation and regulation are all impacting upon the way small practices work. We are also seeing client expectations slowly change as they start to see how they can use technology to help them understand more about their tax affairs and finances. The challenge our sector faces is to respond to this, using technology to help develop client services, improve efficiency and generate increased profitability and value.
We know from our experience in the market that many small practices are struggling with this.
However, our network is ideally positioned to take advantage of these changes – we see this very much as an opportunity, not a threat. We have invested heavily in our brand and in our technology suite and continue to develop services to help attract and support clients. This combined with our unique model of highly visible, client friendly practices across the country firmly positions us as the accountancy, tax and advisory provider of choice for small businesses and individuals in the UK.
Myself, my fellow Directors and the Support Centre Staff are focused on helping our franchisees and their staff through these changing times and to make the most of the opportunities they create."
"UK accountancy firms have faced a multitude of challenges in the past 12 months, with the rise of technology, new regulation, and the search for talent representing only a handful of issues that have sparked uncertainty and disruption in the sector.
Yet the Accountancy Age Top 50+50 2018 has found that that the top UK accountancy firms have overcome these barriers to post record UK fee income in the last financial year, breaking the £15bn barrier."
13th December 2018
David Paulson has been announced as a new British Franchise Association board member at its Annual General Meeting.
11th December 2018
Six new franchisees joined TaxAssist Accountants in November 2018.
29th November 2018
An independent franchise satisfaction survey reveals outstanding results yet again for this leading tax and accountancy franchise.
19th November 2018
TaxAssist Accountants once again provided its franchisees with personalised versions of the Budget 2018
15th November 2018
Group Commercial Director Daren Moore FCCA presented a new ‘Our Services’ document, setting out the huge range of services clients can access through the TaxAssist Network.
16th October 2018
Sam Skyring is celebrating one year on in her role as Franchise Development Manager for TaxAssist Accountants.
4th October 2018
The TaxAssist Group has expanded its Support Centre, moving into a second suite at Bankside 300 on Broadland Business Park.
20th September 2018
Lincoln-based Terry Peachman’s team have been named one of ten runners-up awarded for their forward-thinking proactive service.
14th September 2018
A mix of new franchisees, partnerships and resales recently completed their 6-week initial training course.
7th September 2018
Kashif Anwar has recently celebrated the opening of his first TaxAssist Accountants shop in London.
24th August 2018
Richard Brookes has recently celebrated ten years as a TaxAssist Accountants franchisee, moving to a larger shop and the opening of a second shop.
13th July 2018
TaxAssist Accountants in Australia celebrated its inaugural Annual Conference in June 2018.
6th June 2018
Sixteen years after joining TaxAssist Accountants, David Dixon and his team have put down roots for long term growth.
24th May 2018
TaxAssist Accountants has announced a strategic partnership with Receipt Bank, the award-winning bookkeeping automation platform.
18th May 2018
TaxCalc wins the contract to be the accountancy software partner for TaxAssist Accountants.
15th May 2018
Franchisees, partners and staff helped make this year’s TaxAssist Accountants’ Conference its most successful yet.
4th May 2018
TaxAssist Accountants has invested in a TV advertising campaign to raise brand awareness as part of the national marketing package offered to its 200-stong franchise network.
“I now have over 400 clients, which generate an income and flexibility in how I work that could not have been achieved on the corporate ladder I stepped off. Further, I know that the practice will be a valuable asset for my future when the time is right. The shops, my marketing, and the initiatives of the TaxAssist Team, have proved invaluable in helping me to build a substantial practice.”Alex Smith - Franchisee in Peverell & Plymouth
"I knew of the high reputation of the management team, the strength of the brand and business model, supported by many awards. I carried out a high level of initial research before committing to a Discovery Day. After meeting the team on that day I was convinced this was the right opportunity for me."Lloyd Evans - Franchisee in Kingswinford & Wolverhampton
"As I grew tired of corporate life, I started looking at options to start my own business. Owning a TaxAssist Accountants franchise appealed to me, as I valued the on-going support and readymade systems which would fast track my business. I didn’t want to be 'just an accountant'. It was great to realise that I was expected to run the business, employing accountants to do the operational side."Ali Redwood - Franchisee in Clifton & Portishead
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