small business accounting: It all adds up to a great opportunity
small business accounting (NZ) Ltd will be introducing New Zealand's and Australia's successful franchise model to Britain, trading as small business accounting (UK). We seek an energetic joint venture equity partner who can share our vision of creating an ethical and solid franchise network, and who can appreciate the ultimate returns to be gained from this approach.
small business accounting (NZ) Ltd has developed a supportive system to meet the bookkeeping, accounting, and tax needs of the self-employed, partnerships and small limited companies. A niche market exists in New Zealand, Australia, and Britain, attracting clients that are being poorly served, and highly charged by Chartered Accountants.
We target uncomplicated clients with relatively simple requirements. Our franchisees do not require formal accounting qualifications, but must have an appropriate background which will allow them to successfully achieve our training requirements.
Our franchisees are established in busy High Street shop front locations, providing easy access for your clients, and providing the branding awareness which attracts new clients. In New Zealand, High Street presence contributes 70% of our new clients. On average since inception 5 years ago, our franchisees are attracting nearly 100 new clients each year.
A unique feature of the small business accounting system is that we provide our service to our clients on a monthly basis, obtaining base data (bank statements from them, or with authority, their bank) each month, and in return providing a monthly profit report. We challenge the traditional method of accounting, which provides historical information some time after its relevance.
- The client's year-end financials and tax calculation are prepared as normal.
- VAT returns are automatically produced for the client as and when due.
- Our fees are fixed at the outset, no year-end surprises, and levied monthly, great for our client's, and our own, cash flow.
- Other core services performed by s.b.a (NZ) are payroll, and a simplified rental investment accounting service for landlords.
It is envisaged that a pilot will be set up and developed as a company flagship location, and the franchise network rolled out from its success.
To accelerate and fund the growth of the small business accounting franchise network area franchise opportunities will be offered and a network of up to 400 small business accounting franchises is expected to be ultimately achievable. small business accounting (NZ) Ltd will work together with the joint venture partner in adapting our current model to British market conditions and producing local policy and procedures, including systems, manuals and franchisee training, marketing and support strategies.
The successful applicant, after a suitable period of direct support from small business accounting (NZ) Ltd, will work independently to create the small business accounting franchise group.