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Tax Preparation Services (NAICS 541213) Industry Market Research Report

Tax Preparation Services - Market Size and Forecast

The Tax Preparation Services report contains both historical and forecasted statistics. Total market size figures from 2015 to 2025 reveal industry growth patterns and trends. Market size measurements include both public and private companies in the industry.

HistoricalForecasted
20152016201720182019202020212022202320242025
Market Size (Total Revenue)

Included in Report

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

Industry Revenue ($ Billions)

Tax Preparation Services Industry Revenue
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021


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.

Tax Preparation 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 Tax Preparation Services companies in the United States.

Tax Preparation Services Revenue by State

US Market Size by State

Distribution by Company Size

Company SizeAll IndustriesTax 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 AveragePercent 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 DescriptionDescriptionRevenue
($ 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 WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations7%

Included

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 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

CompanyAddressRevenue
($ Millions)

Included





Tax Preparation Services Industry Report
GeographyUnited States  
Publication DateSeptember 2020
Report FormatPDF Download  
Price$499.00

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