Tax Preparation Services – Industry Research, Analysis, Statistics, and Forecasts
See the following sections listed below to view available resources by category:
For guides to other industries, see our index of over 400 industries.
Industry Analysis, Statistics, Trends, and Forecasts
Tax Preparation Services (view report)
Tax Preparation Software (view report)
- Market size and major product and service segments
- Key industry statistics, trends, and financial ratios
- Operating conditions and current performance
- Competitive landscape and environment
- Major company profiles and market shares
- Five-year outlook and growth forecasts
National Association of Tax Professionals
Resources available from this trade association include:
TAXPRO Journal
https://www.natptax.com/
Quarterly trade magazine provides news and information on current
trends and developments within the tax preparation profession,
with topics covered in various issues including practice management, practical applications,
growing the business, diversifying the practice, professional development, and pending legislation.
Magazine is available to members only; sample issue can be viewed
free online.
Tax Professional Fee Study
https://www.natptax.com/
Biennial study provides detailed information on average fees charged for tax forms
and schedules by geographic region for individual, business, fiduciary, and state
returns, and also provides information on return preparation trends,
fee structures, payment terms and methods, and other services offered
as an average percentage of gross revenues.
Study can be downloaded free online with registration.
National Society of Accountants
NSA Income and Fees Survey
https://www.nsacct.org/
Biennial NSA survey provides detailed information on gross income and fees charged for accounting, tax, payroll, and other services broken down by practice type, firm size, and geographic location and also includes information on practice demographics, operating procedures, marketing and promotion, technology, compensation and benefits, and operating expenses. Publication is available free online.
GIA Research
Tax Preparation Services
https://www.strategyr.com/
Comprehensive report provides an in-depth analysis of the market for these services in the U.S. and other countries, with information provided for the U.S. market including historical and forecast annual revenues by service type (e.g., compilation, return preparation, other) and end-user (e.g., individuals, others) and selected major competitors profiled including H&R Block, Inc., Ryan, LLC, and Intuit, Inc.
BizMiner Market Analysis Reports
Tax Preparation Services
https://www.bizminer.com Search for "541213" to see available reports
Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.
Financial Statements and Financial Ratios
Tax Preparation Services
- Income and expenses in dollars and percentages
- Balance sheets in dollars and percentages
- Profitability and return on investment ratios
- Liquidity and working capital ratios
- Asset turnover and efficiency ratios
- Capital structure and debt service ratios
Tax Preparation Services
Key statistics section of these reports provides detailed income statements and balance sheets on a common-size basis and over twenty-five industry financial ratios, with financial ratios provided for the each of the four most recent calendar years and on a historical average basis for 3-year, 5-year, and 10-year time periods. Sample spreadsheet with breakdowns by asset size can be viewed free online.
National Society of Accountants
NSA Income and Fees Survey
https://www.nsacct.org/
Biennial publication provides detailed information on gross income from accounting, tax, payroll, and other services broken down by practice type, firm size, and geographic location and also includes an analysis of expense categories (e.g., compensation and benefits, occupancy, technology, continuing education, publications, office supplies, marketing/postage) as a percent of total operating expenses.
Compensation and Salary Surveys
Robert Half International Inc.
Salary Guide
https://www.roberthalf.com/ Select "public accounting" from role category menu
Annual salary guide provides starting salary ranges for public accounting personnel, with job titles for tax positions covered in the guide including senior manager/director, manager, senior with 3 or more years of experience, staff with 1-3 years of experience, and staff with less than 1 year of experience. Free online calculator can be used to estimate starting salary ranges for tax personnel by metro area.
National Society of Accountants
NSA Income and Fees Survey
https://www.nsacct.org/
Biennial NSA member survey provides average salary and additional cash compensation information for accountants in public practice, with job positions covered in the survey including principal/partner, licensed/credentialed accounting and tax practitioners, not licensed/not credentialed accounting and tax practitioners, bookkeeper, and other support staff positions. Full report can be viewed free online.
PayScale, Inc.
Tax Return Preparation
https://www.payscale.com/
Free online service provides salary, bonus, and hourly wage data for job positions in this sector such as senior manager, manager, senior accountant, staff accountant, enrolled agent, associate, analyst, client services specialist, and office manager, with employers for which salary or hourly wage data is provided including H&R Block, Inc., Jackson Hewitt Tax Services, Inc., and Liberty Tax Services, Inc.
BV Guides and Databases
BVMarketData
Private Company Sales Transaction Databases
https://www.bvresources.com/
Accounting Services
Financial Planners and Investment Advisors
Management Consulting Services
Payroll Services
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