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Best of both worlds

Best of both worlds

With TaxAssist Accountants, Prakaash Manivannan runs his own business and has the backing of an established brand

Prakaash Manivannan is a chartered management accountant, with extensive global finance experience spanning more than 25 years.

After recently relocating back home to the UK with his family, he felt the timing was right to step away from the stresses of corporate life and international travel.

More to life than work

Prakaash explains: “After deciding to move back to Preston from Europe, I saw my son reinvent himself as a bass guitarist and become part of a rock band at the age of 14. This brought increased involvement with the local community, which made me realise there was more to life than airports and meeting rooms.

“With my previous job, there was a huge amount of travel and I would be gone for a week at a time and even weekends. I wanted something with less travel and was looking for something that was more local that would enable me to get control back in my life and allow me to see what was going to happen with the rest of my working career.

“I knew I wanted to start an accountancy practice, but I was wary about starting out on my own.”

Infrastructure and support

Prakaash came across the TaxAssist franchise model in January 2018.

“This offered the best of both worlds in that I could run my own business, but also have the infrastructure and support I was accustomed to within the multinational corporations where I worked,” he says. “I was fairly confident in my selling ability, but what appealed to me about TaxAssist was the level of technical and business development support, coupled with the ever growing brand name.

“Add to these the third party relationships in place for me from day one and I was ready to hit the ground running and could build up a practice much faster and larger than I could have done on my own.

“Now a year into running the franchise, I’m happy to report I have 190 clients from my first shop in Preston and have also bought out a neighbouring franchisee in Chorley, taking on an additional 160 clients. So I’m certainly busy, but I’m thoroughly enjoying my new self-employed lifestyle and spending more time with my family at home.”

25 years of success

TaxAssist Accountants has been operating successfully for 25 years, with services offered including year-end accounts, tax returns, bookkeeping, VAT returns, payroll and cash flow projections.

After consistently winning awards in both the franchising and accountancy sectors, the company has grown to become the largest network of small business specialist accountants in the UK, servicing over 75,000 clients from over 360 shops and offices nationwide.

If you have a background in accountancy, business or finance and are interested in finding out more, the next step would be to attend a discovery day at TaxAssist’s support centre in Norwich, where you will be provided with more details and get to meet the directors of the franchise.

At a glance TaxAssist accountants

Established:

1995

Number of franchised outlets:

223 franchise areas. 365 shops and offices

Location of units:

UK

Investment range:

£100,000-£150,000

Minimum required capital:

£40,000

Contact:

franchiseenquiries@taxassist.co.uk taxassistfranchise.co.uk

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