The Tax Preparation Franchises industry has recovered strongly from recessionary lows. Growth has been slowed by competition from consumer tax preparation software and increased federal government activities aimed at easing the tax filing process. Competition will remain a steady threat over the five years to 2018 but revenue will grow thanks to increases in disposable incomes and employment.
This industry provides tax-return preparation services to individuals, but excludes accounting, bookkeeping, billing or payroll services. Operators may use software to prepare taxes online, but the industry does not include consumer tax-preparation software. IBISWorld’s franchise collection focuses solely on franchise operations. Reports detail total franchise outlet numbers and revenue and average franchisee profit margins. Reports also show the largest franchisors by market share.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.