Perth-based business partners Steve Herlihy and Tricia Kingston are launching a new service for small business clients after acquiring the Master Franchise rights for TaxAssist Accountants in Western Australia, South Australia and the Northern Territory.
Keen to increase services within the buoyant small business sector, Steve and Tricia spotted the opportunity TaxAssist Accountants offers clients to benefit from standardised systems and processes, developments in integrated cloud-based technology, and emerging trends in accounting services.
Steve, Director: “The small business sector in Australia includes over 2 million businesses, employing 40% of the population and representing just under 30% of all industry profits. Our move to franchising offers the ideal vehicle through which to service this broad sector through a network of local offices."
“There is no other packaged accounting and tax service for small business that offers the unique TaxAssist style of open and welcoming shop front offices, which is why we see the growth opportunity as so significant.”
Tricia, Director, added: “With strong support from the TaxAssist Accountants team combined with a proven franchise model and the marketing power of a global brand, means we have a fantastic opportunity that will attract accountants keen to establish their own practice under the TaxAssist Accountants name.”
Steve and Tricia will open a pilot TaxAssist Accountants shop in Perth, while starting to promote the franchise opportunity within their development area. Their base in Perth will become the Support Centre for a network of franchisees, who will receive technical, marketing and business development training and support.
With more than 220 franchised areas in Australia, the UK and Republic of Ireland operating from over 300 shops and offices, TaxAssist Accountants is one of the largest network of franchised Accountants specifically servicing the small business sector. In January 2018, the network had over 76,000 clients and gross recurring annual fees in excess of £51 million ($90 million).