Valuation Resources

Tax Preparation Services

SIC 7291 | NAICS 541213


The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.


Select from the following sections or scroll below to view available resources:
  • Industry Analysis, Trends, Statistics, and Forecasts
  • Financial Statements and Financial Ratios
  • Compensation and Salary Surveys
  • Business Valuation Resources

For guides to other industries, see our index of over 400 industries.
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Industry Analysis, Trends, Statistics, and Forecasts

IBISWorld
IBISWorld
Tax Preparation Services  (view report)
Tax Preparation Software  (view report)

Comprehensive research reports provide in-depth industry analysis and five-year growth forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:

  • Market size, product segments, and major markets
  • Key statistics, market trends, and external drivers
  • Operating conditions and current performance
  • Competitive landscape and environment
  • Major company profiles and market shares
  • Five-year outlook and revenue forecast

National Association of Tax Professionals
TAXPRO Journal
http://www.natptax.com/

Quarterly trade magazine features news and information on current trends and developments in the tax preparation profession, with topics covered in various issues including practice management, marketing, practical tax applications, computers and technology, professional development, pending legislation, and more. Publication is available to members only; sample issue can be downloaded and viewed free online.


National Association of Tax Professionals
Tax Professional Fee Study
http://www.natptax.com/

Biennial tax professional fee study provides detailed information on average fees charged for specific tax forms by geographic region, and also includes information on return preparation trends, fee structures, payment terms and arrangements, and employee compensation and benefits. Study is only available to members; selected summary information from the study can be downloaded and viewed free online.


National Society of Accountants
NSA Income and Fees Survey
http://connect.nsacct.org/
Biennial practice management survey provides detailed information on fees charged for accounting, tax, payroll, and other services broken down by practice size, state, and geographic region, and also includes information on practice operations, marketing and promotion activities, information technology, employee compensation and benefits, and operating expenses. Highlights from the survey are available free online.
More Resources »
Financial Statements and Financial Ratios

BizMiner
Industry Financial Ratios
Tax Preparation Services
https://www.bizminer.com  Search for "541213"

Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level including:

  • 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

National Society of Accountants
NSA Income and Fees Survey
http://connect.nsacct.org/

Biennial practice management survey provides detailed information on fees charged for accounting, tax, payroll, and other services broken down by practice size, state, and geographic region, and also includes an analysis of operating expenses by category (e.g., salaries, benefits, occupancy, publications, office supplies, continuing education, marketing, and technology) as a percentage of total operating expenses.


RMA Annual Statement Studies
Tax Preparation Services
https://www.rmahq.org/  Search for "541213"

Annual financial statement analysis includes common-size income statements, balance sheets, and key financial ratios for firms in this sector. Print edition includes five years of historical data, with the most recent year's data broken down by net sales and total assets size range. Individual NAICS downloads which mirror the print edition format can be purchased online. Sample report can be viewed online.


More Resources »
Compensation and Salary Surveys

U.S. Bureau of Labor Statistics
Occupational Employment and Wages - Tax Preparers
https://www.bls.gov/oes/current/oes132082.htm

Annual occupational employment and wages survey provides hourly and annual wage data for personnel employed in preparing tax returns for individuals or small businesses, with compensation data broken out on a national, state, and metropolitan area basis and statistical measures for national wage data including average, median, upper/lower quartiles, and upper/lower deciles. All information is available free online.


Robert Half
Accounting and Finance Salary Guide
http://www.roberthalffinance.com/
Annual salary guide provides average starting salary ranges for tax personnel in public accounting firms, with salary data broken out by company size based on annual revenues. Online salary calculator can be used to estimate the average starting salary range for specific job positions in a local market, with selection criteria including zip code, job category, position level, and company size. All information is available free online.

National Society of Accountants
NSA Income and Fees Survey
http://connect.nsacct.org/

Biennial practice management survey includes information on compensation and benefits for full-time and part-time personnel, with job positions covered in the survey including partner, principal, credentialed and non-credentialed practitioners by years of experience (e.g., less than 5 years, 5 to 9 years, 10 to 19 years, 20 years or more), bookkeepers, and other support staff. Survey is available to members at no charge.


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Business Valuation Resources

Business Valuation Resources, LLC
DealStats® - Private and Public Company Transaction Data
https://www.bvresources.com/

Interactive database provides detailed transaction data for over 38,000 private and public companies sold for prices ranging from under $250,000 to over $500,000,000, with valuation measures provided including market value of invested capital as a multiple of revenue, gross profit, EBIT, EBITDA, SDE, and book value of invested capital. User guide, free webinar, and sample reports are available online.


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Related Industries:
Accountants and Accounting Firms
Financial Planners and Investment Advisors
Management Consulting Services
Payroll Services

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