Accountancy & Financial Franchises

Accountancy and Financial Franchises

Find the best Accountancy and Financial franchise opportunities in the UK with Franchise UK

Accountany, bookkeeping & financial franchises

financial-franchises1Many different types of franchises make up the financial franchises UK category. Some financial franchises require specialised degrees and certifications, while others require the ability to sell products and services. In all cases they represent a fantastic opportunity for the right franchisee to make a significant income. As a sector, the overall financial investment is lower than the average franchise because the need to build and maintain a physical location is minimized by the fact it is a service-based sector.

Tax preparation, ATM cash machines, payday loans, mortgage brokerages, and investment sales are just a few of the fantastic business opportunities that exist in the financial franchises sector such as business finance franchises

Accountancy & bookkeeping franchises

One of the most popular franchises in the financial franchises sector is the tax preparation franchises. Ordinary Britons absolutely hate to do their own taxes, and with a population that continues to grow because of immigration, the number of potential clients can only increase. The reality is with austerity and other measures the tax code has become more complicated. Some of the important to know facts about these franchises are:

  • Education – As a rule tax preparation financial franchises have to have some background in the field of accounting and taxation. This sort of training will allow them to apply the correct tax treatment to their client’s assets.
  • A good sense of ethics – If one does things outside of the law in order to get clients’ tax bills down, they and their client could be subject to extreme penalties.
  • Investment – Depending on the franchisor around £25,000, but more or less depending on the profile of the franchisor.
  • Enjoy repetition – Taxation can be tedious and complex and the preparation of many tax returns can be monotonous.
  • Drawbacks – There are a few drawbacks including the usual tax season. This business is highly seasonal in that half of the year it will be overworked and the other half of the year the business will be struggling to pay its bills. There is no happy medium.

ATM Cash Machines Financial Franchises

Owning and maintaining a small fleet of private ATMs that charge service fees is a great way to earn some extra cash. As far as businesses go there is little day-to-day effort in the maintenance of the machine. The owner is typically responsible for scheduling maintenance, buying the machine, and making sure it has cash to dispense. While private ATMs cannot print cash, their high fees and convenient location make them a great way to generate a substantial income. As far as drawbacks go, the only major drawback of an ATM financial franchises is the occasional robbery attempts that happen when it is time to add cash.

Pay Day Loans Financial Franchises

Short term lending has really taken off in a world where more consumers are living paycheque to paycheque. These short-term loans are high risk with an outsized risk of default. However, the later drawback is more than made up for by sky-high interest rates on transactions. In many cases interest can exceed 30% per week. The amount of cash required invest in a short term lending business is in excess of £250,000. This is because the business needs a pool of capital to make its loansfrom.

Owners have to be accepting of a certain level of controversy surrounding the sector. Many people and policy makers feel short term lending is the equivalent of legal loansharking.

Mortgage Brokerage Financial Franchises

financial-franchises2Becoming a mortgage broker can be a rewarding choice, as mortgage brokerages help families and individuals secure financing to purchase homes and businesses. The investment required to join a mortgage brokerage franchises ranges from £5,000 to £15,000 depending on the franchise.

What allows the franchise prices to be less expensive is the fact that a mortgage broker does not lend any money. They negotiate with banks and lenders to get the best rates possible for their clients.

Some financial franchises maybe regulated by the Financial Services Authority

Investment Sales Financial Franchises

The sale of investments is one of the most highly regulated areas of the financial franchises industry in the UK that one can choose go into. Generally a degree and securities course as well as relevant license is required to transact business in the investment sphere.

Individuals looking at this type of franchise would also do well to keep highly informed on the financial markets, and different types of investments. If this is an industry you understand, it could be a great place to earn a good return on your investment. As many of these products pay commissions every time someone adds to their investment portfolio.

Accountancy, bookkeeping & financial free franchise matching service

Interested in accountancy, bookkeeping or financial franchises but not sure what option to choose? Why not use our FREE find a franchise service? We will review your enquiry below and request information on relevant franchises in this category on your behalf. This is a completely FREE service to save you time when searching for the right franchise for you as we will share your details with all franchises of this type actively seeking to recruit in your area. To register for this please complete the form above

Accountancy, bookkeeping & financial free franchise matching service

Interested in accountancy, bookkeeping or financial franchises but not sure what option to choose? Why not use our FREE find a franchise service? We will review your enquiry below and request information on relevant franchises in this category on your behalf. This is a completely FREE service to save you time when searching for the right franchise for you as we will share your details with all franchises of this type actively seeking to recruit in your area. To register for this please complete the form below.

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Financial Franchises Latest News

TaxAssist named as bfa HSBC Franchisor of the Year Award finalist

TaxAssist Accountants has once again been nominated as a finalist in the prestigious Franchisor of the Year category in the bfa HSBC Franchise Awards 2018. With more than 290 TaxAssist Accountants offices across the UK, the franchise network provides accountancy services, tax returns, payroll, bookkeeping, tax savings and tax advice to more than 66,000 customers including sole traders, partnerships, limited companies and personal tax payers.TaxAssist has enjoyed a string of successes in previous bfa Franchise Awards, including winning Franchisor of [...]

TaxAssist Accountants continues to hold steady at 22nd in the Accountancy magazine Top 75 rankings

One of the key factors behind the continued growth of the TaxAssist Accountants franchise network was its 11% increase in fee income – up from £33.6m to £37.3m a growth rate that significantly outpaced the sector average.TaxAssist Accountants continues to hold steady at 22nd in Accountancy magazine's Top 75 rankings, as fee income throughout the UK's accounting industry continues to grow despite an uncertain economy.Karl Sandall, Group Chief Executive Director, said: “Double digit growth despite the current economic uncertainty is [...]

TaxAssist team to deliver additional support to growing Australian network

TaxAssist Accountants’ newest Master Franchisees in Western Australia, South Australia and the Northern Territory, Tricia Kingston and Steve Herlihy, are set to receive additional training and support ahead of their launch in Perth.David Paulson, Senior Manager, Global Franchise Recruitment, and Richard Chatten, International Support Manager, from the TaxAssist Support Centre in the UK, will deliver a comprehensive programme designed to provide Tricia and Steve with a solid launchpad for their own network of specialist small business accountants.TaxAssist provides regular [...]

TaxAssist Accountants to launch in Western Australia, South Australia and the Northern Territory

Further expansion for successful accounting network Perth-based business partners Steve Herlihy and Tricia Kingston are launching a new service for small business clients after acquiring the Master Franchise rights for TaxAssist Accountants in Western Australia, South Australia and the Northern Territory.Keen to increase services within the buoyant small business sector, Steve and Tricia spotted the opportunity TaxAssist Accountants offers clients to benefit from standardised systems and processes, developments in integrated cloud-based technology, and emerging trends in accounting services.Steve, Director: “The [...]

New TaxAssist Accountants shop launches in Wibsey

Kavan Tankard has expanded in West Yorkshire with the launch of a new shopfront office in Wibsey, Bradford.In response to growing demand from existing small businesses and new businesses starting up in the area, Kavan Tankard, along with his wife Emma and team of five decided the time was right to expand with a second shop in Wibsey.Kavan explained: “With the business going from strength-to-strength in Halifax and a growing small business culture in and around Bradford, it seemed [...]

Is now the time for a fresh start?

Did you know British entrepreneurs are more likely to start a business in January than any other month?Maybe now is the time to launch your business as a Commercial Finance Professional.Take advantage of our unique low investment business opportunity with a high return professional business opportunity.Invest as little as £4,995 - first year income projections between £25k- £100k+Enquire today and start regaining your work life balance.Brokerplan can enable you to:• Take total Control of Your future and Become your [...]

TaxAssist Accountants wins Best Franchise 2017 Award

National accountancy franchise TaxAssist Accountants was named winner of the prestigious Smith + Henderson ‘Best Franchise 2017 Award’ in the Business to Business category.The award comes off the back of a network-wide survey, in which franchisees were invited to complete an anonymous Franchise Satisfaction Benchmark survey. Franchisees were asked to rate the training and support provided by TaxAssist, the franchise system and their overall franchise ownership experience.Having already been awarded ‘5-star franchisee satisfaction’ earlier in October, the addition of the Best Franchise Award 2017 [...]

TaxAssist announces additional Franchise Development Manager to support growing network   

Samantha Skyring, previously one of TaxAssist’s Technical Managers, moves to new positionTaxAssist Accountants has strengthened the support for its 200-strong network of accountants with Samantha Skyring joining Steve Mack and Phil Jesse in the Franchise Development Team.Samantha, who is ACCA qualified joined TaxAssist Accountants in 2014, having previously worked as a senior accountant in practice. For the past three years, she has gained an in-depth knowledge of the network, delivered training, provided technical assistance and undertaken due diligence visits.Samantha [...]