Vince Dalaimo and Debbie Corbett, joint owners of specialist accountancy franchise, TaxAssist Accountants Central London, have reached their first £1 million client fee bank.
“Clients have really taken to the concept of a ‘drop-in’ shop, where they can get all their tax returns, payroll and book-keeping needs taken care of as they walk in to work or at breaks and lunchtimes,” said Dalaimo. “It means they can concentrate on running their business and increasing their own income and profitability.”
Corbett 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 barristers and solicitors from local practices and established sole traders and limited companies in the financial services and media sectors. UK tax returns for foreign business men and women working over here are also in increasing demand.”
With a team of 20 and three shops in Holborn, London Bridge and the latest in Victoria, opened together with fellow accountant Martin Thomas, the pair are looking for more partnerships to grow the thriving franchise.
“We’re definitely planning to open more shops in Central London, probably one this year and more next year and are looking for more accountants keen to grow their own accountancy practice to work with us,” said Dalaimo.
“We’re a small business ourselves, so have a very strong connection with and understanding of the small business and independent professional adviser community here. We want to team up with other accountants who see the value of building their own practice, within a business model which is tried and tested and has a proven track record.”
TaxAssist Accountants Central London was established ten years ago and is part of a national network of accountants working specifically with small business and serving over 43,000 clients. The franchisor is also exporting its successful business model to the US, Canada, Australia and New Zealand.