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 financial data.

Sample Market Size ($ millions)

Market Size Graph
Five-year projections show growth trends in industry sales and revenues. This economic model is based on short- and long-term trends. The industry size is determined by total revenue generated within the industry from all products and services. Growth and decline in the industry shows the total opportunity for companies. The Tax Preparation Services research report reveals both the historical trends and five-year forecast, calculated by Pell Research's econometric models. The market share, measured in billions of dollars, includes both public and private companies. Use this information to identify industry trends and predict future growth patterns.

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

The historical market size by state shows how large the local opportunity is, and how many companies are located in the region. Growth rates by state are effected by the regional economic conditions. View data by state to pinpoint profitable and nonprofitable locations for Tax Preparation Services companies in the United States.
Sample U.S. Market Share Map

US

Income Statement (Average Financial Metrics)

Pell Research has analyzed Tax Preparation Services financial statements to determine the industry average forces:
The report includes a traditional income statement from an "average" company (both public and private comapnies included).

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

Ratios allow you to compare how a business is performing against its peers in the Tax Preparation Services industry.

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


The facts are your friends. Pell Research industry reports on Tax Preparation Services provide the data and statistics you need to perform a comprehensive industry analysis. Pell Research measurements and forecasts are updated quarterly to ensure accuracy. Small startups to large consulting firms rely on our business research stats to make critical decisions. Gain a competitive edge with the Pell Research Tax Preparation Services industry reports.


Ask a question about this report
Name
Company
Email
Phone
Question


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 December 2014
Report Format Electronic Download (PDF)  
Price $499