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OUR FRANCHISES |
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About Our Franchises The Basics Success
Tax Professionals
(STP) provides the opportunity to purchase an Accounting and Taxation
Franchise and provide relevant services to clients. In doing so,
franchisees become a member of the Success Tax Professionals (STP)
network of accountants. Our accountants and the accounting practices they establish comply with
franchise requirements - including standards, quality and on-going
professional development. STP is about building a true
accounting practice and not a seasonal business. It is a myth that taxation is seasonal. Achieving Professional Accounting Practice Level Confusion
often arises between seasonal tax return preparation (typically
July to October annually), compared to the full functionality of a
true professional accounting practice. Seasonal tax return preparation
is
typically found in a sub-set of the Salary and Wage or 'Individual Tax
Return'
market. People in this group generally want their tax return prepared
in the first four months of the financial year in order to obtain their
refund quickly, or they have chosen to complete their tax return
themselves and are therefore not eligible for extended lodgement.
Those who register in time with a Tax Agent do not usually have to
lodge their tax return by October and have in fact until the month
of May the following year. Importantly, the total Salary and Wage
market is
estimated at less than 10 percent of the total taxation
market. This means that accountants with the right focus,
skills and service delivery options are able to obtain extensive work
from a wide and diverse market which also comprises Business, Self
Managed Superannuation Funds and other more complex taxation
activities.
Success
Tax Professionals franchises
are therefore pitched at professional accounting and taxation practice
level.
We work
with all of our accountants to achieve this goal. This means that work
can be obtained from a wide client base and more challenging services
are
able to be provided (i.e. in addition to servicing the Individual tax
return
consumer who chooses professional services over self completion).
Factor in that even within the Individual tax return market most
clients officially listed with us have eleven months of the year in
which to finalise their return as they are eligible for the extended
lodgement provisions. They are not required to meet the end
of October deadline set by the Australian Taxation Office. This allows
for a more evenly balanced workload.
Our
accountants therefore deliver the full range of services to Individual,
Business
and Self Managed Superannuation Fund clients. The diversity of the work
provides the opportunity to secure continuous work.
Some of our practices for example have a workload comprising 80
percent business clients and 20 percent Salary and Wage (i.e.
Individual) clients. The compliance time-frames for business clients
vary throughout the year. On-going Professional Development As the Franchisor,
we are committed to the development of all of our accountants and this
development is continuous due to constant changes in taxation policy,
legislation and the needs of the consumer market. We train
and upgrade the knowledge of our practitioners by delivering new
material and by bridging identified learning needs.
The STP Franchise is
therefore a unique model which incorporates intensive ongoing training,
mentoring and technical support. We continue to develop our
franchisees throughout their association with STP. Furthermore we assist
in finding affordable ways for our members to expand business, obtain
commercial premises and undertake effective advertising. We have low cost and low risk methods in place to assist
franchisees who wish to rapidly expand their business and total
revenue. As the Franchisor we are therefore active in business
development for our accountants on an individual basis and also
for the entire Success Tax Professionals network and brand. It
is important to note that our accountants must complete any outstanding
formal tertiary qualifications in the field, as necessary, and may do
so after joining should this be the case. Support Our franchisees have access to extensive STP intellectual property including forms,
documents, templates, letters, manuals, tools, processing systems,
marketing material, artwork services, stationery and recognisable
branding. We design and provide systems and work related tools to
simplify the work environment for our practitioners and to create identifiable consistency. There
is still plenty of scope for our accountants to add their own
creativity to their practice while adhering to franchise
requirements. Commercial Focus Can you work from
home? The
answer to this question is 'yes', while you are phasing in, part-time
and/or home based or mobile services are options, but you need
to be able to move into commercial premises within 24
months and be operating on a full-time basis. This is not
anywhere near as daunting, expensive or
unattainable as some people set themselves up to believe and
making this change overwhelmingly results in a big difference
to business outcomes and growth. Home-based operators who
are 'phasing in' are encouraged to use a number of different
mediums to facilitate business until they move into commercial
premises. Part-time,
home based or mobile servicing typically generates a small client base
and allows pratitioners to establish rapport with this base, and refine
work patterns and planning in preparation for larger scale business in
a commercial environment. Practitioners
electing to commence in a commerical office obtain faster growth and
access to higher paid forms of work. Flexible Approach There
are a number of different recruitment levels into STP with different
levels of support and supervision depending on an accountant's
qualifications. This means that recruitment is open to both
Non-Registered and Registered Tax Agents and also to applicants who
have either fully or partially completed a suitable accounting
qualification (providing they are prepared to continue studies to
completion once they have joined STP). A more detailed
description of 'qualification requirements' and also other
'suitability' criteria are outlined in our Information Package
which is available if you contact us. STP forms a strong working
relationship with all franchisees and it is important that we both
feel we can work together to achieve successful business results. Contact our Franchising Division for an Information Package: STP Franchise Information Package |  Some of the benefits:
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 Understanding the Tax Industry The Taxation Industry is estimated at approximately $14 Billion. Less than 10% of the market is Salary and Wage or Individual Tax Return oriented. Over 90% of the market comes from other sources including Business, Planning and Self Managed Superannuation Funds. Taxation is therefore not a seasonal business. It is continuous and on-going throughout the year. | Some Key Factors:
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