What Happens to Accountants After Tax Day? The BooXkeeping Model Addresses Stability Concerns

The accounting profession is facing a notable shortage in the United States, and it's a problem that’s grabbing headlines. One of the key reasons behind this shortage is the seasonal nature of accounting work, particularly with the heavy emphasis on tax season. Many young professionals are steering clear of accounting due to the perception that it doesn't offer a stable, year-round income. That, and accounting is not considered “fun” by young people entering the workforce. Enter BooXkeeping, a franchise model that not only provides consistent revenue streams but also reinvents the profession with a fresh, engaging approach.

“There is currently a shortage of accountants because there is a perception that accounting is not fun and that's what BooXkeeping is working to change. That's why our hashtag is #CoolBeanCounters. We are bringing coolness into the profession,” said CEO Max Emma.

BooXkeeping has a human-focused approach that transforms bookkeeping into a more personal experience. The brand boasts a supportive culture with empathy and clear communication at the core.

The cyclical nature of tax season poses significant challenges for accountants. During the months leading up to April 15, accountants are inundated with work, often logging long hours to meet deadlines. Once tax season ends, the workload drops dramatically, leaving many professionals scrambling to fill their schedules. This rollercoaster can deter young professionals from entering the field, seeking more consistent and predictable career paths.

BooXkeeping addresses this issue by providing a franchise model that ensures a steady flow of work throughout the year. The model leverages accountants' skills in a meaningful way, offering bookkeeping services that are essential for businesses year-round. This approach not only stabilizes income for accountants but also adds value to their professional lives by allowing them to develop long-term relationships with clients. For franchisees with the brand, this approach means a flourishing and stable business backed by the support of the franchisor.

“The lack of resources in this industry outside of a robust franchise model can make it very challenging,” said Emma. “BooXkeeping finds the resources that are needed for our franchisees and supports them. We provide training to our franchisees and we give our franchisees a pool of trained bookkeepers who can do the actual bookkeeping work.” 

This support system is crucial for franchisees, as it alleviates the burden of having to figure out the intricacies of running a business on their own. BooXkeeping offers comprehensive training and resources, enabling franchisees to focus on business development and client relationships rather than getting bogged down in administrative tasks. 

“Even though we provide bookkeeping training, which is valuable, we're not trying to make someone into an accountant. What we are giving our franchisees is the business model that consists of business development sales and executive coaching,” said Emma. “It is a great option for those looking for a turnkey business. We have been in business for so many years, and we have learned a thing or two that we can pass on. You don’t have to figure everything out all on your own.”

During tax season, many CPAs and their staff are stretched thin, focusing on tax returns and leaving bookkeeping tasks on the back burner. The BooXkeeping model provides a solution by maintaining a separate team dedicated to bookkeeping year-round. 

“With the BooXkeeping model, franchisees have separate staff who only work on the bookkeeping tasks 12 months out of the year, which allows the business to get more tax clients and provide more timely and more effective stack solutions and advisory work,” said Emma.

BooXkeeping offers a robust solution to the current challenges faced by the accounting profession. By providing a stable, year-round income and comprehensive support, BooXkeeping not only attracts young professionals to the field but also helps existing accountants to become successful business owners — with optimized operations — as franchisees with the brand. This franchise model is redefining the accounting landscape, proving that accounting can be both stable and cool.

To find out more information on costs to buy this franchise, please visit https://1851franchise.com/booxkeeping.