Tax Preparation Services -- Industry Forecast and Business Metrics

Market Size – Tax Preparation Services

Tax Preparation Services market size statistics reveal your industry's historic growth trends. Total Tax Preparation Services size accounts for sales from all companies, both public and private. Data and statistics are aggregated from dozens of government and census sources.


Market Size Graph


Industry Statistics 2008 2009 2010 2011 2012 2013
Market Size ($ millions)

Included in report

Number of Firms
Total Employees
Average Revenue per Firm ($ thousands)
Average Employees per Firm
Source: Analysis of government industry statistics

Industry Forecast – Tax Preparation Services

You can't make the right business decisions without proper preparation. This Tax Preparation Services report includes a five-year market forecast. The forecasts are produced by advanced algorithms, which factor in both long-term and short-term growth trends.

Forecast Graph


Industry Forecast 2014 2015 2016 2017 2018
Market Size ($ millions)

Included

% Growth Rate

United States Geographic Market Distribution

Seven years of market data on total revenue, number of firms, and employees for North America.

US Map

Distribution by Company Size

The following analysis shows the market share (revenue) broken down by company size. Use this information to determine the fragmentation of the industry compared to the overall economy.

Company SizeAll IndustriesTax Preparation Services
Small Business (< 5 employees)

Included

Small Business (5-20)
Midsized Business (20-100)
Large Business (100-500)
Enterprise (> 500)

Income Statement (Industry Average)

This Tax Preparation Services industry analysis includes average financial metrics for a typical company's income statement. Income statement metrics include total revenue, an operating expenses breakdown, and net profit.

Industry Average Percent of Sales
Total Revenue

Included

Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Income Statement Graph


Financial Ratio Analysis – Tax Preparation Services

Key financial ratios from income statement and balance sheet statistics can be used to compare a company's performance to its competitors in the industry.

Financial RatioIndustry Average
Profitability Ratios

Included

Profit Margin - Profit margin, net profit as a percentage of revenue, is the company's profitability.
Return on Equity - ROE measures a company's efficiency at generating earnings from investments.
Return on Assets - ROA measures how well a company's assets generate revenue.
Liquidity Ratios
Current Ratio - The current or working capital ratio indicates whether or not a company can pay its debts for the year.
Quick Ratio - The quick or liquid ratio measures how well a company can use on-hand assets to pay off its liabilities.
Activity Ratios
Average Collection Period - The collection period is how long it takes a company to collect its debts.
Asset Turnover Ratio - Asset turnover is how efficiently a company uses its assets to generate income.
Receivables Turnover Ratio - Receivables turnover is how effective a company is in collecting debts.
Inventory Conversion Ratio - Inventory conversion is how quickly inventory is turned over in one year.

Products and Services

This list of products and services is useful for targeting the most profitable investments.

Description Revenue
($ millions)
Industry Total

Locked

Tax Prep & Representative Services -Individuals & Unincorporated Bus
Tax Preparation & Representative Services - Corporate & Other Clients
Bookkeeping & Compilation Services
Tax Planning & Consulting Services
Tax Planning & Consulting Services - Individuals & Unincorporated Bus
General Accounting Services
Payroll Services
All Other Operating Receipts
Full-Service Payroll Services

Compensation and Salary Surveys

National Tax Preparation Services employment and wage statistics reveal workforce distribution and annual salary brackets for an average company in the industry.

TitlePercent of Workforce Bottom Quartile Average (Median) Salary Upper Quartile
Management Occupations 5%

Included

Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations 45%
Accountants and Auditors 34%
Tax Preparers 7%
Office and Administrative Support Occupations 39%
Bookkeeping, Accounting, and Auditing Clerks 12%

Government Contracts

In 2008, the federal government spent a total of $516,878 on the Tax Preparation Services industry. It has awarded 18 contracts to 9 companies, with an average value of $57,431 per company.

Top Companies in Tax Preparation Services and Adjacent Industries

Tax Preparation Services company data include company ticker symbols, addresses, and annual revenue estimates.

CompanyAddress Revenue
($ millions)
H&R BLOCK, INC.

Included

HRB MANAGEMENT, INC.
JACKSON HEWITT TAX SERVICES
Etc.

for your Market Statistics Report

Strategic Assessment -- Tax Preparation Services

Porter's Five Forces Analysis

The Porter's Five Forces analysis provides a systematic analysis encompassing supply-side and demand-side dynamics, internal rivalry, threat of substitutes, and threat of new entrants.

Porters Five Forces Analysis

Competitive Assessment

A detailed competitive assessment looks at two top companies in the industry to determine strategic position, points of differentiation, and a SWOT analysis.

SWOT Analysis

Identify emerging trends among competitors, products, demand drivers that will affect future success in the Tax Preparation Services industry.

your Strategic Assessment and Market Statistics Report