TAKING THE STRESS OUT OF TAX

Bookkeeping chain Shoebox Books has released a brand new

franchise business model, Shoebox Tax.

Unsurprisingly, given the nature of 2020, last year resulted in a rise in demand for expert bookkeeping and tax advice, and Shoebox franchisees recorded nearly 8 million Jobkeeper payments for their clients throughout the year.

Overall 2020 delivered a rise of 15 per cent in franchisee turnover, and an increase in potential franchisees’ interest in the business, in part due to the number of redundancies that occurred during the year.

So what’s the deal?

Shoebox aims to ease the tax, accounting and bookkeeping issues for small businesses and tradies in particular by ditching the formal suit and tie - and the office. The business, like the bookkeeping arm, is fully mobile, so franchisees go to the client.

A brand new franchisee can expect to pay $59,990+GST for a Shoebox Tax business; for existing franchisees the cost is an additional $36,000 + GST.

National marketing manager Harry Beech believes the new addition adds another layer in the franchise.

“We will still have the same training, though increased to two weeks instead of one, and franchisees will be supervised for a two year period, depending on qualifications.”