New South Wales based accountants and business partners Terry Murphy CPA and Celeste Godwin BBUS have become Australia’s first Regional Master Franchisees for TaxAssist Accountants.
Terry & Celeste have signed a Regional Master Franchise Licence for Queensland, with a commitment to take New South Wales by September 2016.
Currently Terry & Celeste have 6 practices across both Queensland and New South Wales which, starting with the Queensland practices, they will rebrand as TaxAssist Accountants, so they will have an instant footprint when they are ready to start recruiting franchisees.
The franchise network, established in the UK 20 years ago, has seen year-on-year growth of 14% in the UK, building a fee income of more than £36 million (AUS$71 million). The company signed its first international Master Licence in the Republic of Ireland five years ago, which is now a 23-franchisee network with fee income of over €5 million (AUS$9.9 million).
Terry comments “We have been tracking TaxAssist in the UK for a few years now and have been impressed with their achievements and progress. It was therefore an opportunity we couldn’t say no to, when I saw an advert advertising the master franchise rights here in Australia.
As experienced and innovative accountants, both Celeste and myself are looking forward to using our skills, along with the proven TaxAssist business model to build a successful network of franchisees. They will not only benefit from our business and technical awareness, but also the comprehensive training, marketing and business development support from a long-established and multi award-winning franchisor. This should create a very strong platform for future growth.
Like the UK, the small business market is huge in Australia at over 96% of the total business market and I know that the potential for business, combined with the innovative shop front concept, which has proven to be so successful in the UK, will go down well in Australia. We both can’t wait to get started!”
Karl Sandall, the CEO of the TaxAssist Group comments “We’re delighted to be launching in Australia, which has a burgeoning franchise sector, with business format franchises worth some AUS$65 billion, but does not yet offer our unique packaged accounts and tax service for small businesses. We see a significant growth opportunity and couldn’t make a better start than with the experienced team of Terry and Celeste.”
TaxAssist Accountants plans to grow its business in Australia with Master Franchisees for the Australian Capital, Victoria and Tasmania and South Australia, Western Australia and Northern Territory.
Future international expansion is planned for the U.S., New Zealand and Canada.
June 2015
With a detailed plan for the growth and evolution of the TaxAssist brand, plus the addition of new products and services, these are exciting times for the TaxAssist network.
Franchisee Case Studies
Bukky Shonola
Tej Gawera
Avendra Narayan
Bari Singh
Carl Whitehead
Charlene Yu
Accreditations & ethics
The Group abides by the ethics of the British Franchise Association (bfa) and works closely with all relevant accountancy and tax professional bodies and institutions. TaxAssist Accountants is also a member of the Irish Franchise Association and the Franchise Council of Australia (FCA).
