Tax Preparation Services - Market Research, Industry Statistics, and Financial Data

Tax Preparation Services - Market Size and Industry Forecast

This Tax Preparation Services report analyzes current industry size and predicts future trends. It provides overall industry revenue from 2014 through 2019, and predicts industry growth and decline through 2024. Total revenue includes both public and private companies.

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Market Size (Total Revenue)

Included

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

Industry Revenue ($ Billions)

Tax Preparation Services Industry Revenue
  • 2014
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020


Historical market size and five-year projections show growth trends in industry sales and revenue. 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 sold. Growth and decline in the industry shows 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. 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.

Tax Preparation Services - Geographic Breakdown by U.S. State

Market size by state evaluates local opportunity and measures 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 tax preparation services companies in the United States.

Tax Preparation Services Revenue by State

Market Share by State

Tax Preparation Services - Distribution by Company Size

Company Size All Industries Tax Preparation Services
Small Business (< 5 Employees)

Included

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

Tax Preparation 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 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


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Tax Preparation Services - Financial Ratio Analysis

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

Financial RatioIndustry Average
Profitability Ratios

Included

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

Tax Preparation Services · Product Mix

Product Description Description Revenue
($ Millions)
Industry total

Included

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

Tax Preparation Services - Compensation and Salary Surveys

TitlePercent of Workforce Bottom Quartile Average (Median) Salary Upper Quartile
Management Occupations 7%

Included

Chief Executives 0%
General and Operations Managers 2%
Business and Financial Operations Occupations 48%
Financial Specialists 44%
Accountants and Auditors 35%
Accountants and Auditors 35%
Tax Examiners, Collectors and Preparers, and Revenue Agents 7%
Tax Preparers 7%
Office and Administrative Support Occupations 35%
Financial Clerks 17%
Bookkeeping, Accounting, and Auditing Clerks 10%
Bookkeeping, Accounting, and Auditing Clerks 10%
Secretaries and Administrative Assistants 6%
Secretaries and Administrative Assistants 6%
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive 5%
Other Office and Administrative Support Workers 6%

Tax Preparation Services - Government Contracts

In 2008, the federal government spent a total of $623,647 on the tax preparation services industry. It has awarded 30 contracts to 6 companies, with an average value of $103,941 per company.

Tax Preparation Services and Adjacent Industries · Top Companies

Company Address Revenue
($ Millions)

Included





Tax Preparation Services Industry Report
Geography United States  
Publication Date July 2019
Report Format PDF Download  
Price $1,000.00 $499.99

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