The Accounting Industry

The Accounting Industry is a wide and varied place. From huge global companies to sole proprietors.

Every small business needs to have an annual set of accounts prepared in one form or another, for taxation and other purposes. Very few business people have the knowledge or inclination to prepare their own accounts, hence the ever-increasing demand for accounting services. In addition, there are people who need to complete their own personal tax return who will usually need some help and will turn to a professional for assistance. With initial and ongoing training and support, you can provide that help and build your own business and financial independence.

Small business in Australia

The small business market is huge – Australia is a nation of small businesses and a TaxAssist Accountants franchisee is perfectly placed to service this growing market.

According to the Australian Bureau of Statistics:

  • There are currently 2.1 million small businesses in Australia all of which are potential clients for TaxAssist Accountants
  • The number of small businesses in Australia increased by 2.4% over 2015-2016
  • The small business sector represents 97% of all private enterprises within Australia
  • Small businesses employ 4.7 million people in Australia with increasing obligations on employers to comply with tax legislation.

The IBIS World 2017 Accounting Services in Australia report highlighted with the growth in both legislation and the numbers of small businesses, demand for professional accounting and taxation advisory services will increase.

Accounting in the cloud

Cloud-based accounting software has revolutionised the way accountants operate and interact with their clients. To stay one step ahead of the competition, and to be at the cutting edge of new technology, you need to be able to offer a service that attracts and retains every kind of small business client.

At TaxAssist Accountants we continually research, evaluate and recommend the best software to suit the needs of our network and its clients. This is an ever-changing arena we monitor closely to ensure we offer first-class training and support to our accountants and their staff with the advent of each new development.

Client advisory services

Not surprisingly, the nature of Client Advisory Services is evolving as it takes changes in technology into account. Our industry similarly needs to continually evolve to remain relevant. Clients understandably expect their accountant to offer services beyond traditional tax and compliance, such as guidance that assists them to navigate business challenges and assess business growth opportunities.

At TaxAssist Accountants we care about the success of our clients’ businesses. Process automation is providing us deeper insight into our clients’ businesses, enabling us to improve efficiencies, identify value and provide a more personalised service for our clients. TaxAssist Accountants has a number of recommended business partners to complement core services, including HR advice, debt recovery, financial services, telephone answering services and will writing to name a few. 

First choice for small business services

TaxAssist Accountants prides itself on being at the forefront of the changes facing the accounting industry, leading the way to ensure our accounting practices are the first choice for small businesses, and dedicating ourselves to help our accountants build a successful, profitable and future-proof ‘one-stop-shop’ business.

With a network of more than 300 highly visible shops and offices across Australia, the UK and Ireland, our accountants are ideally placed to take advantage of the opportunities that change is bringing.

► Read about the business model...

Join us for a discovery day

Find out more