The Tax Shop - a pioneering practice franchise

Nico Viljoen, Executive Director

Context – the world is changing

The world has become self-describing and self-interpreting and organisations are exposed to the “now third wave” which means “hyperscale” and demands a bold, new architecture for businesses.

Hyperscale businesses are pushing new rules of digitization; challenging conventional management intuition about scale and complexity and is a potent competitive force. Digital powerhouses already flexing their hyperscale muscles to move from search and social networking into new sectors like banking and retail.

The world is moving rapidly towards global connectivity that will further change how and where people associate, gather, and share information, and how they create, consume and capture value.

Digitization has significantly altered the ways accountants and tax practitioners think of competition and industry and has change the nature of business in industries. It has redefined the boundaries between partners and competitors, and how new value is created and distributed among them.

Digital technology and the Internet of Things transform virtually every business sector and business. Over next five years many business components will be digitized to enable a new range of products, services, and business models. New models may emerge from exploiting machine-to-machine data to evolve into service businesses based on usage charges.

Digitization changed the roles and habits of clients and it is lowering the barriers to entry in existing and new industries and the traditional value chains disaggregate, creating opportunities for focused, fast-moving competitors. Clients now turn to internet-linked mobile devices to scrutinize performance, quality, and price.

Clients want to be co-shapers of products and brands as they see it as part of their life. In several industries, the power shifted from supply side to the demand side in industry value chains and ecosystems. Clients are now driving technological advancement. The definition of a market, client, partner, or even competitor is now a moving target.

So, how does this all affect the accounting and tax profession? 

Accountants and tax practitioners must not sit back and wait for trends to emerge, but seize the strategic opportunities presented by each successive wave of disruption, ruthlessly cannibalizing its own business where necessary.

And…, what is a solution for accountants in the disruptive world? 

The Tax Shop is a pioneering practice franchise, which leverage digital technology to build strong client relationships, provide outstanding service and make life easy for clients. The Tax Shop franchise empowers accounting practices to remain relevant and sustainable through the pioneering practice methodology. This Tax Shop, a pioneering practice franchise, clearly addresses the critical issues of accountants and tax practitioners, such as, should I niche my practice? If yes, then how do I niche my practice? How do I use social media, and which platforms should I be using?

The Tax Shop, a pioneering practice franchise, will enable you to ensure you understand your clients’ needs, your own needs and how to leverage the tools and technology available. The Tax Shop franchise will mentor and demonstrate the steps you need to become a ‘pioneering accounting practice’. The concepts detailed in each step, walk you through a proven methodology which has a record of accomplishment of success.

The Tax Shop has teamed up with Amanda C. Watts, featured in Accounting Web as one of the top 10 influencers in Accounting, to deliver Tax Shop license holders a programme that specialises in modern marketing for pioneering practices.  The Pioneering Practice Programme is included in the price of all new Tax Shop licenses and provides tools to create a powerful marketing engine to drive business growth in accounting firms.

The Tax Shop franchise is recommended to accountants and tax practitioners who committedly want to be pioneering their way forward.