Industry Analysis & Industry Trends
Demand for tax preparation services has been restrained over the five years to 2014 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, an expansion of industry services will lead to modest revenue growth... purchase to read more
Industry Report - Industry Products Chapter
Operators in this industry provide tax return preparation services without also providing accounting, bookkeeping, billing or payroll processing. Consequently, tax preparers in this industry primarily provide consumer tax services, including tax preparation and electronic filing. In addition to tax preparation, the industry's largest firms generate revenue through other avenues, including franchise fees and financial service products. Franchise fees are obtained directly from franchise operators for royalties and advertising.
Consumers use tax preparers because they make a necessary task simple. By using a tax preparation service provider, an individual can reduce their taxes and increase their tax refund... purchase to read more