KashFlow and TaxAssist Accountants Create Partnership

Thursday, 26th June 2008 - For Immediate Release

Accounting software company KashFlow has teamed up with TaxAssist Accountants to offer its online accounting software to the TaxAssist Accountants client base which totals over 25,000 small businesses across the UK.

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Chairman:
The Rt Hon Lord Young of Graffham

Founder & CEO:
Duane Jackson

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Having successfully completed an extensive 6 month pilot across nine of its acountants, TaxAssist Accountants has announced that it will recommend KashFlow Accounting Software across its entire network of accountants.

The deal could be worth up to 6-figures if the award winning accounting software company KashFlow meets it projected targets. Thanks to its ease of use and consistently good feedback TaxAssist Accountants decided that their network of over 160 accountants would find this package very useful.

The partnership goes live on the 20th of June; it will involve a white-labelled version of KashFlow that the accountants will be able to use with their own branding and recommend to their own clients.

Speaking about the partnership deal, the Managing Director of KashFlow, Duane Jackson said,

“The partnership with TaxAssist Accountants represents the coming together of months of hard work from both sides. I’m delighted that our software has once again been chosen by a respected industry player and I think this further demonstrates that we are fast-growing and highly respected operator in the online accounting software sector”.

Sarah Robertson, Business Development Director of TaxAssist Accountants comments,

"KashFlow is a natural fit within our business model and was an easy choice to make given the consistently high feedback we got from our accountants. Many of our accountants have clients in rural areas so our service can become much more accessible to them.”

The news of the partnership comes only a few weeks after the announcement that PayPal had partnered with KashFlow to provide an all encompassing payment gateway. The PayPal partnership enabled sellers who have a high volume of transactions to reduce their administrative burden thanks to the sales data being automatically entered into the accounting software.

KashFlow is also pleased to announce that it is in discussions with other large franchises about its online accounting software being recommended to franchisees and anticipates being able to name these companies in coming months.

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About KashFlow

KashFlow is an online tool specifically designed to help owner managers in small businesses manage their accounts. KashFlow’s aim is to take the boredom out of managing a company’s accounts and to make the day to day tasks easier to achieve so that less small businesses neglect this area.

KashFlow keeps accounts management simple: it requires no installation, software training or prior knowledge of accountancy.

All users benefit from a free, no obligation 60-day trial. The monthly subscription price is £15.99 a month - including free support and upgrades.

Contacts

For further editorial information, contact:

Carolyn Gordon-Smith
PR Manager
cgs@cimma.co.uk
01386 859090 / 07710 537 928

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Notes to Editors

In June 2008, KashFlow became the first accounting software package to be certified by PayPal for integration with its payment platform. PayPal and KashFlow now work in partnership to provide a seamless, end-to-end, payment processing and accounting system.

In October 2008 KashFlow won a Business Software Satisfaction award, judged entirely by customer feedback, for the category of small business accounting - beating the likes of Sage 50, Quickbooks Pro and MYOB. Statistics revealed by the awards organisers show that KashFlow has a 70% share of the web-based accounting software market in the UK.

KashFlow has received two rounds of venture capital funding from their now chairman, Lord Young of Graffham. Lord Young is a former Secretary of State for Trade & Industry and ex Chairman of Cable and Wireless

KashFlow is simple to operate, with users instinctively knowing where to click to perform almost any accountancy task

Owner managers are able to effectively manage their accounts with no need for software training or prior knowledge of accountancy

KashFlow has been featured in the likes of the Financial Times, Daily Mail, The Daily Telegraph, The Mail on Sunday, BBC Radio and all the leading accounting titles.

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