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Tax Preparation Services in the US - Industry Market Research Report

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    Report

  • 74 Pages
  • October 2023
  • Region: United States
  • IBISWorld
  • ID: 1488459

Filed on time: Proposed simplifications to the tax system may empower more individuals to file their own taxes

Tax Preparation Services in the US

Tax preparation service providers assist individuals and businesses with filing their tax returns, but don't provide accounting, bookkeeping, billing or payroll process services. During the beginning of the current period, per capita disposable income grew and more consumers had the resources to afford bringing their taxes to professionals. When individuals earn more income, they have greater buying power and are more willing to find tax preparers that will maximize their refunds.

Operators in this industry provide tax return preparation services to individuals but do not offer accounting, bookkeeping, billing or payroll process services. Although the offices of certified public accountants (CPAs) are excluded from this industry, basic knowledge of tax law and filing requirements is required. Online tax return providers do not fit within the scope of this industry.

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.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Intuit Inc.
  • RSM US LLP
  • H&R Block, Inc.
  • Crowe Global

Methodology

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