TaxAssist Accountants Overview
If so, then why not consider running your own accountancy practice with innovative and award-winning TaxAssist Accountants?Accountancy fee banks are genuinely in demand and are a real asset for your future, whether you have a plan of five years, 10 years or much longer.
With over 20 branches and 6,000 satisfied customers, TaxAssist Accountants is Ireland’s largest network of accountants specialising in servicing the needs of small businesses and self-employed individuals, and the leading tax and accountancy franchise in Ireland. It offers brand credibility from day one, mixed with professional initial and ongoing training and support for you and your staff.
How big is the market?According to figures published by the Department of Business, Enterprise and Innovation in 2017, there are 250,143 small and medium enterprises active in Ireland. 232,015 of these are classified as 'micro' businesses i.e. having less than 10 employees. We operate in a very large, buoyant market that has traditionally been over charged and under serviced.
A recognised brandOne of the major reasons our franchisees chose to join TaxAssist is because of our brand and marketing expertise. From our support centre in Dublin, we employ staff who are running nationwide marketing campaigns across several mediums, including but not limited to; PR, sponsorship, national radio advertising and most importantly a large and focused digital marketing campaign. This advertising ensures that small businesses will see the brand and recognise our name in the marketplace. It also gets the phone ringing daily with direct enquiries from clients who need an accountant. These enquires are qualified by us and then sent on to you to meet with; this supply of leads is a major advantage in the market.
As well as this national marketing, franchisees also benefit from having everything they need to run their own local marketing campaigns: your own website, a social media presence, PR coverage, advert templates, initial and ongoing training, shopfront searches and a comprehensive online presence. These and other initiatives will generate leads (business opportunities).
Your RoleYour role is to develop the practice. In order to work on the business rather than in it, you must be able to build a team of staff to assist with work production, as your time will be spent as principal of the business, networking, managing staff and meeting with clients. When you are ready to sell your practice, we can help you realise the value of your asset and you have the knowledge that we have on many occasions sold practices in excess of the industry norms.
Earning potentialTaxAssist works with you, both in creating an initial business plan and supporting you to achieve it.
Business development will depend on your own ambition, but franchisees should aim to build up turnover and profits consistently, aiming for a turnover of €300,000+ after five years. We expect a third of your turnover to cover staff costs, another third to cover the other costs associated with running your business and the final third being your profit.
After five years some franchisees are happy to maintain this level, comfortable with the income generated from the business, whilst other franchisees continue to drive their business forward, by continuing to be proactive with networking and marketing strategies, pushing past the €500,000 turnover level.
This level of success can be achieved and even exceeded.
Training and SupportThe majority of our franchisees come to us with strong professional backgrounds but they may have been out of practice a long time or they may have trained in a different industry. Our Dublin-based support centre offers a complete range of training in technical, marketing and business development support. Our initial training course is delivered by qualified in-house experts, working alongside selected third party specialist training partners.
The initial training course covers:
- Accounts production and taxation for sole traders and partnerships
- Accounting software
- Case studies
- Practice management and social media
- Sales, marketing and recruitment
Financial informationThe franchise fee to join TaxAssist Accountants is €39,450 plus VAT. Your overall initial capital requirements will be between €100,000 and €120,000. These figures will be dependent on location and level of personal drawings required.
Fill out the enquiry form below to receive free information about starting a TaxAssist Accountants franchise.
TaxAssist Accountants News
TaxAssist Accountants team up with software firm, Receipt Bank, to help SME’s claim all of their expenses.
Eamonn Flynn, owner of TaxAssist Accountants in Bray Co. Wicklow was recently awarded ‘Surf Partner of the year’ recognising his practice’s excellence in adopting new, cutting edge automation tools introduced to the TaxAssist network in recent years.
Irish firm, TaxAssist Accountants, is moving into two new locations this month bringing its reach to 22 outlets across the country.
Now the 31st January deadline for 2018-19 self-assessment tax return submissions has passed, TaxAssist Accountants can confirm it has filed more than 100,000 personal tax returns on behalf of its nationwide client base.
On the day of the Budget, TaxAssist Accountants was pleased to provide its franchisees with personalised versions of the Budget 2020 material to share and communicate with clients, prospects and business referral contacts.
TaxAssist Accountants Success Stories
Clive Aherne started a TaxAssist Accountants franchise in 2009.
TaxAssist Accountants Testimonials
I have had great support from the Support Centre, who are always on hand to answer any queries I have or to bounce ideas off of, whether these are technical or general practice management queries. The biggest help though has been in the sales and marketing area, as like most other accountants marketing would not previously have been my strong point. Being part of TaxAssist Accountants has given me access to excellent sales and marketing training, tried and tested campaigns and adverts and sales approaches that do work
TaxAssist Accountants Videos
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TaxAssist Accountants – Dermot Kane
Dublin franchisee Dermot Kane talks about why he joined TaxAssist Accountants and his experience with the company so far.
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TaxAssist Accountants – Roy Finucane
Limerick franchisee Roy Finucane talks about why he joined TaxAssist Accountants and his experiences with the company so far.
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The TaxAssist Accountants Network
Managing Director, Alison McGinley, speaks about the TaxAssist Accountants network.
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My TaxAssist Experience
Roy Finucane talks about his experience with the TaxAssist Accountant Network.
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TaxAssist Accountants: Available Support in the Network
Michael Scanlan, Training and Technical Manager at TaxAssist Accountants, outlines the support on offer for their franchisees.
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What it's like to be a franchisee with TaxAssist Accountants
Don O'Connell, from TaxAssist Accountants in Lucan and Blanchardstown, speaks about his experience of joining and working with the TaxAssist Accountants Network.