TaxAssist Accountants has moved from 23rd to 21st in Accountancy Daily’s Top 75 Firms Survey 2020.
A key factor behind the continued growth of the TaxAssist Accountants franchise network was its 9.2% increase in fee income, up from £41.5m at Year End in December 2018 to £45.3m in 2019.
Karl Sandall, Group Chief Executive Director, said: “It was pleasing to see TaxAssist Accountants move up two places in this league table, reflecting our network’s strong performance and continued growth of franchisees, client numbers and fee bank increases.
“The survey results reflect the industry mostly before the Coronavirus pandemic hit and we are likely to see growth falter for most firms in next year’s survey, however, in spite of the last unprecedented year, our growth rate remains healthy and we are continuing to see positive signs.
“The management board made a bold decision in April 2020 to pause a number of costs from the franchisee network for three months. The franchisor contributed over £200,000 directly into the national marketing budget to protect the network from any potential downturn and keep the advertising momentum going.
“The extra work that was put in during 2020 has already started to generate a huge amount of brand loyalty from our client base and that, in turn, has developed new advocates for our brand who are recommending our services by explaining to others how we’ve helped them through these challenging times.
“The TaxAssist franchise model remains resilient and the support we provided in 2020 is evidence of our strong culture to support our network no matter what happens.”
With over 400 TaxAssist shops and offices across the UK, the network still has some prime territories available. Discovery Days are the perfect starting point for anyone that is thinking of branching out on their own to run and grow an accountancy practice. We help accountants and finance professionals understand the TaxAssist business model, the support on offer and provide an opportunity meet the senior TaxAssist team. Visit the website www.taxassistfranchise.co.uk to find out more.
A link to the survey can be found here.