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Accounting, Tax Preparation, Bookkeeping & Payroll Services Industry - Market Research, Company Data, and Financial Statistics

Accounting, Tax Preparation, Bookkeeping & Payroll Services - Market Size and Industry Forecast

The 2021 Accounting, Tax Preparation, Bookkeeping and Payroll Services Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2016 to 2026 reflect industry trends and growth patterns. Market size revenues include both public and private companies in the accounting, tax preparation, bookkeeping & payroll services industry.

HistoricalForecasted
20162017201820192020202120222023202420252026
Market Size (Total Revenue)

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Revenue Forecast
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Accounting, Tax Preparation, Bookkeeping & Payroll Services - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Accounting, Tax Preparation, Bookkeeping & Payroll Services companies in the United States.

Accounting, Tax Preparation, Bookkeeping & Payroll Services Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesAccounting, Tax Preparation, Bookkeeping & Payroll Services
Small Business (< 5 Employees)

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

Accounting, Tax Preparation, Bookkeeping & Payroll Services - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

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


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Accounting, Tax Preparation, Bookkeeping & Payroll Services - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

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

Accounting, Tax Preparation, Bookkeeping & Payroll Services - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total

Payroll services
Full-service payroll services
Financial auditing services
Financial statement auditing
Tax prep & representative services -individuals & unincorporated bus
Tax preparation & representative services - corporate & other clients
Tax planning & consulting services
Bookkeeping & compilation services
General accounting services

Accounting, Tax Preparation, Bookkeeping & Payroll Services - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations7%

Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations48%
Financial Specialists44%
Accountants and Auditors35%
Accountants and Auditors35%
Tax Examiners, Collectors and Preparers, and Revenue Agents7%
Tax Preparers7%
Office and Administrative Support Occupations35%
Financial Clerks17%
Bookkeeping, Accounting, and Auditing Clerks10%
Bookkeeping, Accounting, and Auditing Clerks10%
Secretaries and Administrative Assistants6%
Secretaries and Administrative Assistants6%
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive5%
Other Office and Administrative Support Workers6%

Government Contracts

In the past, the federal government spent an annual total of $1,216,236,330 on the accounting, tax preparation, bookkeeping & payroll services industry. It has awarded 4,772 contracts to 352 companies, with an average value of $3,455,217 per company.

Accounting, Tax Preparation, Bookkeeping & Payroll Services and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)





Accounting, Tax Preparation, Bookkeeping & Payroll Services Industry Report
GeographyUnited States  
Publication DateJuly 2021
Report FormatPDF Download  
Price

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