1. What qualifications do I need to join Success Tax Professionals?
We require as a minimum that you have at least a diploma in accounting and approximately 12 months accounting experience (either private sector or public practice). Both Australian and overseas qualifications/experience can be considered. You do not require taxation experience or to be a tax agent.
2. Do I have the opportunity to talk to other franchisees before signing contracts?
Yes, we have a process whereby in the final stages of recruitment you will have the opportunity to talk to some franchisees to discuss real life experiences in operating a franchise with us.
3. If I have questions about the franchise, when can I speak to someone?
We ask that you read the Information Pack first which you can receive by completing the form to the left of this page. Follow the steps on page 5 of the Pack to request the ‘Franchisee Advanced Inquiry Form’. This form includes a Confidentiality Deed. Once completed and emailed back to us your inquiry will move to the next stage and we will invite you to participate in a discussion with us. You will also have access to more documents and written content.
4. Is everyone who meets the qualifications criteria accepted into Success Tax Professionals?
No, there are also other factors that are considered and are important. We are careful in our recruitment processes to evaluate aptitude for the business so that both franchisee and franchisor share a common vision and can work together. There are also requirements in our franchise that an applicant may not be prepared to comply with, for example attendance at our training programmes if they are a non-tax agent, or being able to operate the business full-time within two years of commencement.
5. What is the interaction like amongst franchisees?
We have high interaction levels as our franchisees are in contact with one another on a regular basis through our Training Programmes and online forum. They often become friends and network with one another outside of formal forums, including socially. The opportunity exists for shared business opportunities, advertising, and at times co-working with another member for short to medium periods of time for mutual benefit and practice growth. We therefore have a virtual team environment in our franchise.
6. Is Success Tax Professionals concerned about other franchises in the accounting industry?
No, we have never been concerned about other franchises in the same industry. Every franchise is different and works with different principles and is therefore suited to different people. Over the years we have seen various other companies offer franchises and disappear very quickly as they have not been able to make a success of their structure, or they have failed in meeting Tax Practitioner Board requirements to provide adequate supervision for non-tax agents.
This business is not an easy business to franchise because it is highly technical and regulated. Franchisors believing they can offer franchises for example, on top of running their own practice or business often have problems. Their own practice is a priority and their attempt at franchising falls over as they cannot adequately deliver what is needed to their franchisees. They are also often ‘technicians’ focussed on tax and accounting and not across the full spectrum of business needs involved.
Some other franchises also have a high up-front purchase fee leaving the franchisor in-front even if the franchisee fails. Our franchise has a low up-front fee and is based on a working partnership, and franchise development is our full-time business.