Financial Services 

In 2022, we rolled out our financial services offering to meet clients’ needs and drive new income streams for our franchisees. TaxAssist Financial Services offers financial services to franchisees’ clients, ranging from mortgages, personal protection, relevant life cover and business protection. Wealth planning and pensions advice will be offered in the near future.  

This now represents a huge opportunity for franchisees, with an extended range of services, providing a competitive advantage over local firms. It also generates a passive income stream for introducers, earning a generous 20% commission on everything ever earned. This includes ongoing advice fees on investment value and trail commissions – an arrangement rarely offered by financial advisers. Furthermore, franchisees will also earn commission on any new clients acquired in their territory even if they are not a client of the franchisee. This opens the market up even further for the franchise network.  

The current range of services offered includes mortgages, encompassing residential, re-mortgages, buy-to-let, commercial and equity release. Life insurance, critical illness insurance, income protection, family income benefit, relevant life policies, keyman, shareholder protection and group policies. Advice on investment and pensions will commence shortly, along with plans to have regionally based IFAs operating from franchisees’ local shops and offices.  

Tax Consultancy Service  

Our TaxAssist-branded Tax Consulting‚ÄĮservice, based at our Support Centre in Norwich, runs alongside our current partners. While most tax planning needs can be supported by our franchisees, we are continuing to develop ways to broaden the range of services we can deliver to clients. The Tax Consulting team works with our network to deliver more complex tax services, to help franchisees earn more fees, retain clients and win new business. 

The team provides support with the following: 

  • Research and development tax relief claims (R&D) 
  • Enterprise Investment Schemes/Seed Enterprise Investment Schemes 
  • Incentive arrangements for employees 
  • Returns for employment-related securities 
  • Salary sacrifice arrangements 
  • Company restricting 
  • Capital allowances claims in relation to fixtures in building  
  • ATED returns. 

Payroll Bureau Service 

Our TaxAssist-branded payroll service works alongside our network of accountants to deliver end-to-end payroll services for their clients. Using the latest technology, the payroll service is run through a leading cloud-based portal, providing enhanced functionality for franchisees, their clients, and their employees. This service frees up time for our network and because it is priced at a level significantly below the typical market rate, it's also helping franchisees to achieve better profit margins and win new business. 

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