Selling your practice to TaxAssist Accountants
We are seeing more and more practitioners considering their future plans. A combination of Covid, digitalisation, technology changes, compliance requirements and client expectations is making life increasingly difficult for accounting and tax practices.
TaxAssist Accountants offers a proven, well established Fee Bank Purchase Scheme across the UK and Ireland for those looking to retire or sell.
Why should I sell my fee bank to TaxAssist Accountants?
The TaxAssist brand is recognised as a leading tax and accounting provider for business owners and taxpayers, and our UK wide network of franchisees are ambitious to grow their practices to their full potential. They have the capacity to purchase new blocks of fees and integrate clients quickly and efficiently into their existing practices. They all have access to a range of funding options and award winning support to ensure that any client issues or losses are kept to a minimum.
Your clients will see a smooth transition to the TaxAssist family and benefit from the enhanced range of services we offer, including digital bookkeeping, advisory services, tax consulting, payroll and shortly financial services, investment, pension, mortgage and protection products.
Most importantly – there are no broker fees to pay by selling direct to TaxAssist Accountants.
Where are TaxAssist Accountants looking to buy practices/fee banks?
Our 225+ strong network of accountants covers the whole of the UK and Ireland and many of our network are ready and waiting to hear of opportunities to buy existing practices and fee banks. Contact us today for a confidential discussion on 0800 0188 297 or fill out this initial enquiry form here.
How much will I be paid for my practice/fee bank?
Every practice is different in its size, structure, client make-up and fee levels. We recognise that it’s important for sellers to be paid a fair price for their practice/client bank and be confident that their clients will be well looked after. Our network are all small practices themselves and understand the value of their own businesses, which is reflected in their negotiations with potential sellers.
How does the scheme work?
Selling your fee bank to TaxAssist Accountants couldn't be easier. We will treat all enquiries with the utmost respect and confidentially.
Register your interest by calling us on 0800 0188 297 or fill out this initial enquiry form here.
- Provide us with the basic information including:
- Your name
- Your location
- Gross Recurring Fee (GRF) net value
- Client base makeup (Sole Traders, Limited Companies etc)
- Your time in practice
From our Support Centre based in Norwich, we will introduce you to the franchisees local to you, who will then get in contact to start the discussions and any subsequent negotiations.
It's that simple!
What if I want to join TaxAssist with my existing practice?
We have welcomed many accountants to our network with existing fee banks, ambitious to scale up their practices to their full potential. Our award-winning training and business development, marketing and technical support and initiatives, mean you can grow your practice much more quickly than by operating independently. We also have a proven resales process, which has enabled franchisees to sell their businesses when they are ready, at a higher multiple than the industry standard.
To find out more, contact us on 0800 0188 297 or email us here for a confidential chat.
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We clearly explain the support available to you and are happy to act as business advisors in order to help you grow your business.
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Choose the right accounting firm for you
Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?
We specialise in supporting independent businesses and work with over 78,217 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.
We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 406 locations, meet with us online through video call software, or talk to us by telephone.
Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.