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£10,995
Financial Services
Yes
£26,750
£10,995
£92,000
About Certax Accounting
Certax Accounting has offered accountancy and taxation services since 1999. It’s since grown into one of the UK’s premier independent accountancy franchises. The franchise network now has multiple franchisees situated across the UK.
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How does the Certax Accounting franchise model work?
Certax Accounting offers three franchise models to choose from, designed to cater to the diverse needs of aspiring accountancy practice owners. These include:
Government-led funding may be available to assist you with the initial purchase of your chosen franchise model.
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What type of franchisee is Certax Accounting looking for?
Certax Accounting is looking for dynamic, ambitious individuals who are eager to take their careers to new heights. While a qualification in accountancy isn’t required to start, relevant experience is crucial.
If you’re proactive, determined, and ready to leverage the franchise model, the brand believes you have the potential to achieve success with Certax.
Ideal franchisee qualities: value driven, ambitious, and proactive. Your willingness to learn and grow, coupled with the franchise system and support, will set the stage for your success.
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Training and support
The franchise offers The Certax Training Academy as initial training which varies from three days to four weeks in length. Each course aims to provide you with the knowledge needed to:
1. Prepare monthly/quarterly management accounts
2. Prepare annual accounts of non-limited company entities and statutory accounts for limited companies
3. Complete day-to-day bookkeeping entries on various software platforms
4. Complete monthly management and annual accounts case studies
5. Complete case studies to gain competence in accounts preparation and tax compliance work
6. Understand VAT and MTD requirements using relevant software packages
7. Understand and complete payroll and auto-enrolment exercises
8. Comprehend SA100 compliance needs and complete self-assessment study exercises such as CT600’s
9. Comprehend recurring aspects involving income tax, corporation tax and capital gains tax legislation
10. Learn the software needed to operate your practice from an admin and client compliance perspective
11. Learn about standard letters, practice management and money laundering prevention requirements
12. Operate the sales and marketing tools, understand legal and ethical and GDPR rules
The most appropriate package for your skills and professional background will determine the length, duration, and which of the above topics will be included in the initial training course.
You will also be invited to the brand’s bi-annual technical seminars which are seen as necessary to keep all franchisees updated with the latest innovations. This will also contribute to all Qualified Accountants’ CPD requirements.
Financial information
The return on investment for your Certax Accounting business will depend on your chosen franchise model and location.
A new practice expects to achieve ROI within 12-18 months, with projected net profit anticipated to be £45,000. Recurring fees per annum are £65,000.
An established practice, operating over three years, has a projected net profit of £85,000 with recurring fees per annum totalling £250,000.
Why is Certax Accounting a good investment?
The UK Parliament Business Statistics report (2021) currently shows that there are 6 million small to medium-sized businesses in the UK. These consist of sole traders, partnerships, limited companies, LLP’s CICS, and some individuals, all of which must comply with UK Accounting and Tax legislation compliance regulations.
These regulations are constantly growing and becoming more complex. Individual business owners are, therefore, becoming ever more reliant on their accountant and their consultancy.
For example, HMRC has introduced a Making Tax Digital (MTD) requirement, which will ultimately include all forms of business entities.
One of the impacts of MTD is that a suitable independent software package is made available to all businesses to ensure their compliance with this requirement.
Certax Accounting ensures that all franchisees and their clients have access to the most appropriate cloud-based technology, enabling clients to provide up-to-date information about their business, crucial to its continued success.
What locations is Certax Accounting looking to target?
Certax Accounting is open to franchise opportunities across the whole of the UK.
What are the franchise terms of agreement and renewal?
The franchise agreement is five years, with right to renew.
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