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Tax Preparation Services in the US
IBISWorld, Aug 2011, Pages: 33
Paying off: New regulations and expanded tax services will lead to modest revenue growth
Tax Preparation Services in the US
Major adjustments
Demand for tax preparation services has been restrained over the five years to 2011 due to falls in employment and income levels. In addition, consumers have opted to do their own taxes to save money, using a growing number of free options and at-home software products. While employment and income levels are forecast to pick up and stimulate industry demand, tax preparers will still face strong competition. Nonetheless, a new IRS regulation and expansion of industry services will lead to modest revenue growth.
Firms in this industry provide tax return preparation services to individuals without also providing accounting, bookkeeping, billing or payroll process services. Although the offices CPAs are excluded from this industry, basic knowledge of tax law and filing requirements is required.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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