QX Franchise Limited, a subsidiary of QX Global Group, has been awarded the Master Franchise rights for Canada by The TaxAssist Group.
The agreement with TaxAssist expands QX’s expertise, and will provide the foundation for a new, dedicated group within QX centred on offering accounts, tax and advisory service dedicated to small businesses.
The Master Franchise rights are awarded for the provinces of Ontario, Quebec, British Columbia, Alberta, Saskatchewan and Manitoba, with the operation headed up by Niraj Mehta, Senior Vice President of Business Operations at QX Global Group. Niraj is a qualified chartered accountant, with almost 20 years of experience spanning various roles in professional service organizations, including 13 years at KPMG.
Karl Sandall, Chief Executive Director of The TaxAssist Group, said: “We are delighted to have awarded our Canadian Master Franchise rights to the internationally known and respected QX Global Group. The team are all highly skilled individuals who share our passion and vision, which, combined with our 25 years’ experience in building and running a leading franchise network, bodes well for future success.”
“Canada has one of the largest franchise industries in the world, and there are currently no businesses in Canada which are offering a uniquely-packaged accounts, tax and advisory service dedicated to small businesses, so Canada represents a significant growth opportunity for the TaxAssist Accountants brand.”
QX Global Group is expecting a surge of interest in franchising in Canada during and post the coronavirus pandemic, as accountants re-think their professional lives.
TaxAssist Canada will be QX Global Group’s first big investment in 2021. Franchising is an area of strategic focus and continued investment for QX Global Group as it expands capabilities to help accountants in industry, individuals with a financial background, as well as those that already own an accounting practice and wish to develop as part of a global brand.
Chris Robinson FCCA, Executive Chairman and Founder of QX Global Group stated, “We are constantly exploring strategic opportunities where we can add value, and this partnership with The TaxAssist Group hits all the right buttons. We look forward to building on our long-standing relationship with TaxAssist, and this just seems like a natural progression to establish a new line of services in the North American region.”
The Master Franchisee team is looking to acquire an existing accounting practice and convert this to a TaxAssist Accountants operation by April 2021, along with launching franchisee recruitment activity and hosting Discovery Days, for anyone interested in finding out more about the franchise model. The team will be engaging with Rina Mancini who has a long-standing relationship with The TaxAssist Group.
QX’s investment in Canada will accelerate growth in the company’s key strategic focus areas of accountancy services across Canada through the franchisee business model.
QX Global Group is a leading provider of business process management services. With over 18 years of accounting outsourcing experience, we help our clients unlock business value by improving process efficiencies and automation in the accounting function to enable business transformation. We are based out of UK and have offices in in USA and India.
Learn how QX helps clients lead at: www.qxglobalgroup.com.
TaxAssist Accountants are the UK’s largest network of accountants specifically servicing the small business market. Globally their network supports 267 franchised areas with 430 stores and offices, supporting more than 83,000 small businesses and self-employed individuals. Global annual billings are in excess of £57.1m. With successful operations in Ireland and Australia, as well as recruiting its first Area Representative for New Jersey, TaxAssist is now launching into the Canadian market. TaxAssist is a year-round accounting and tax preparation service targeting the needs of the small business sector, a sector which is oftentimes overlooked by larger accounting firms. The uniqueness of the TaxAssist model is that franchisees operate their practices out of highly visible, non-intimidating and professionally appointed storefront offices.
Learn more about the TaxAssist franchise opportunity in Canada here: www.taxassistfranchise.ca.
Originally published Jan 21, 2021 01:01:11, updated Jan 21 2021