Jtax operates as a Cloud-based franchising system, connecting bookkeepers and small business owners across Australia through scalable multi-user software and tools, enabling a swift turnkey startup.
Diverging from the approach of many tax and bookkeeping franchise companies, which typically mandate franchisees to lease an office after 12 months, Jtax does not impose such requirements.
Furthermore, clients can potentially be acquired through Jtax, contingent upon availability and negotiation.
In the broader context of the Australian franchising market, the industry has demonstrated growth, with estimated revenue reaching $169.5 billion in 2023, reflecting a Compound Annual Growth Rate (CAGR) of 2.4% over the past five years, according to IBISWorld.
This growth underscores the vitality and substantial economic contribution of franchising businesses, including bookkeeping franchises like Jtax, to the Australian economy.