“We are the franchise specialists,” says Director, Philip Morrison.
“At Franchise Accountants we recognise the unique needs of a franchisor and provide tailored accounting and consulting solutions to assist you in your success. We operate two teams; our accounting team members are qualified accountants with extensive experience in business franchising and how to franchise a business, and our consultants have a wealth of experience across all aspects of franchising.
“We also offer access to a comprehensive network of other leading industry specialists such as lawyers and bankers,” he said.
“For people looking to bring their franchise system over to New Zealand from Australia, or for New Zealand franchises looking to expand to Australia, we should be your first point of call.
“There are two aspects to how we can help. Firstly is with accounting and structure advice. We can help you understand the local taxation requirements and can help you establish the best structures for your franchise. “Secondly, our consulting team can provide market entry plans, contextualise manuals for the local environment, feasibility reports, economic territory sizing, legal briefs and more,” Philip said. Philip says that the differences between franchising in Australia and New Zealand are
important to understand.
“Whilst the Australian franchise industry is highly regulated, in New Zealand it is not. However, there are some major differences between franchising in the two countries, and the requirements for entry into the FANZ are different. It’s important to get it right if you want to make a smooth Trans-Tasman transition,” he said.
“We can assist with this, as well as offering a tailored package for franchisees’ accounting needs in the local environment.”
“Our experience in the industry is why franchisors seek advice from us. Our clients consist of many well-known brands and FANZ award-winning franchise systems, across many different categories. It’s our experience that sets us apart,” Philip says.
Franchise Accountants won the Franchise Association of New Zealand (FANZ) award for 2011/12 Service Provider of the Year.
Providing both accounting and consulting services through two dedicated teams, Franchise Accountants are able to provide a one stop shop to franchise systems offering both convenience and value for money.
“We have a wealth of experience in financial and franchise matters,” says Philip. “Navigating through the various tax requirements of both New Zealand and Australian tax jurisdictions is complex and requires careful consideration. Getting the right advice will save you tax and compliance costs.
“We can provide assistance with ongoing and future business plans, access to business networks such as banking, government assistance such as industry grants, BIP systems and diagnostic tools and most importantly, act as a sounding board for your own personal business goals and future plans.
“As New Zealand’s premier franchise business advisors and business consultancy firm, we treat your business as a partnership and not just a job because we know that your success is our success,” Philip said.
Other areas in which Franchise Accountants can provide assistance include:
- Strategic planning
- Financial modelling
- Franchise feasibility assessment
- Franchise performance
- Franchise business intelligence systems
- Franchisor mentoring
- Recruitment strategies
- Taxation advice
- Selecting the best structures
- Exit planning advice
- Valuations of franchise systems
Franchise Accountants also assist successful business operations in becoming a franchise system.
“As a prospective franchisor, it is essential that you work with qualified experts in the franchising industry right from the start,” says Philip.
“Risk management, and the need to protect your assets with the right structures, is imperative to anyone considering when and how to franchise. Franchise Accountants provides new franchisors with the best franchising support available with a complete end to end, uniquely tailored bundle of services to suit all franchisor needs, from budgeting and cash flow projections, financial health checks and audits to succession and exit planning.
If you are thinking of expanding your franchise system across the Tasman contact Franchise Accountants on: