TaxAssist Accountants moved up two places from 24th into 22nd in Accountancy magazine’s Top 75 firms survey, with fee income continuing to grow for a seventh year running among the UK’s biggest accounting firms.
The survey suggests fee income is up more than £1bn on last year’s survey, representing a nine per cent increase.
A key factor behind the continued growth of the TaxAssist Accountants franchise network was its 13.1 per cent increase in fee income, up from £29.7m to £33.6m.
Early indications throughout the industry suggest that revenues will continue to grow in 2017, with businesses increasingly turning to accountants for guidance and support to negotiate the uncertainty surrounding the outcome of the EU referendum and the consequent volatility for exchange rates and the political scene.
Inside the top 20 firms within the rankings, there was no change of positions whatsoever. The ‘Big Four’ firms, PricewaterhouseCoopers (PwC), Deloitte, EY and KPMG, received a combined income of £10.69bn, accounting for more than three-quarters (77 per cent) of the entire fee income reported by the Top 75 accounting firms in the UK.
The best performing firm outside the top 10 firms was Menzies, reporting 18.5 per cent growth to £40.3m. Encouragingly, TaxAssist Accountants recorded the ninth highest year-on-year fee income growth outside the top 10 firms.
TaxAssist Accountants is continuing the expansion of its network of shops and offices across the UK, with the remit of making life simpler for small business owners, allowing them to focus on doing more of what they do best: running their business.
With more than 200 franchised areas already across the UK, the network is always looking to further expand its reach and encourage more people to run their own TaxAssist accountancy franchise.
Our Discovery Days are the perfect starting point for anyone that’s thinking of branching out on their own as an accountant. They help accountants to understand the TaxAssist business model, the support on offer and more importantly, meet the senior TaxAssist team.
Our next Discovery Day is on 2nd March 2017, with other days planned for 11th April and 17th May. Call us today on 0800 0523 555 for a confidential chat about becoming an integral part of the TaxAssist Accountants network.