Vince Dalaimo is a Central London based TaxAssist Accountants franchisee, operating from a shop in Southwark where he looks after more than 1,000 clients with a fee bank of over £1 million. He joined the franchise in 2003 after deciding he needed to change his career path following redundancy.
Before he joined TaxAssist, Vince, a qualified accountant, was a senior product controller in credit derivatives for the Royal Bank of Canada. He had also worked for Deutsche Bank, supervising and training teams on corporate and government bond work and for JP Morgan, as a team leader on USA Swaps and latterly as Vice President of structured finance.
“I was a very small cog in a very big wheel and thought there must be more to life,” explained Vince.
“At the time I was mid 30s, fearless and looking for my next challenge. I had no sales experience, I'd only worked in a corporate environment as an accountant in investment banking and that's why I turned to franchising.
“I didn’t think there would be a franchise model which matched my skillset so well, but TaxAssist Accountants enables you to build your client base, with the back-up of a national brand and the high visibility of shop-front premises. I wish I'd done it sooner. It's definitely something that comes with huge rewards.
“I've found the support of TaxAssist Accountants invaluable. They have given me the tools, the experience, the knowledge, the software and the confidence to go out and do it.
“Clients have really taken to the concept of a ‘drop-in’ shop, where they can get all their tax returns, payroll and bookkeeping needs taken care of as they walk in to work or at breaks and lunchtimes. It means they can concentrate on running their business and increasing their own income and profitability.”
He added: “Being so accessible on the high street, means clients feel free to call throughout the year, not just when the end-of-year accounts are being prepared. In contrast to nearly every other accountant hidden away in back offices, we’re in a prime position.
“We attract a real breadth of clients, including IT contractors, consultants for insurance and investment banks, graphic designers and illustrators. We’re particularly attracting established sole traders and limited companies in the financial services and media sectors. UK tax returns for foreign businessmen and women working over here are also in increasing demand.
“Seventeen years on, I have a business that's worth a lot of money I'm earning more money now than I've ever earned before. I work hard, it comes with its challenges but it's very rewarding at the end of the day.”
With over 1,000 clients to service, Vince has now built up his team to 17 and is currently considering opening more shop across his square mile territory.