U.S. Tax Preparation Services: Industry Statistics, Analysis, and Trends

Industry Statistics - Tax Preparation Services

This Pell Research report analyzes the current size and trends in the Tax Preparation Services industry. It shows overall market size from 2008 through the present, and predicts industry growth through 2018. Revenue data include both public and private companies.

2008 2009 2010 2011 2012 2013
Market Size

Sample

Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: Analysis of United States government data.

Sample Market Size ($ millions)

Market Size Graph

Industry Forecast – Tax Preparation Services

2014 2015 2016 2017 2018
Market Size

Sample

% Growth Rate

Sample Industry Forecast ($ millions)

Forecast Graph

U.S. Geographic Breakdown

Sample U.S. Market Share Map

US

Income Statement (Industry Average)

Industry Average Percent of Sales
Total Revenue

Sample

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


Sample Income Statement

Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Financial Ratio Analysis – Tax Preparation Services

Financial RatioIndustry Average
Profitability Ratios

Sample

Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Compensation and Salary Surveys

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

Sample

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

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

Sample

HRB MANAGEMENT, INC.
JACKSON HEWITT TAX SERVICES


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View Related Industries

Accounting, Tax Preparation, Bookkeeping, and Payroll Services
Offices of Certified Public Accountants
Tax Preparation Services
Payroll Services


Order the Tax Preparation Services Report
Geography United States  
Publication Date November 2014
Research Report Length 15 pages
Report Format Electronic Download (PDF)  
Price $499.00