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Tax Preparation Services in South Dakota

Author.Name IBISWorld United States Last Updated: April 2025 NAICS SD54121d

Tax Preparation Services in South Dakota industry analysis

The Tax Preparation Services industry in South Dakota is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to xxx locations. Industry employment has increased an annualized x.x% to xxx workers, while industry wages have increased an annualized x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xxx locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Tax Preparation Services in South Dakota Market Research Report

What’s Included in the Tax Preparation Services in South Dakota Market Research Report

Definition of the Tax Preparation Services in South Dakota?

Companies in this industry offer tax return preparation services to individuals. Providers must have basic knowledge of tax law and filing requirements. Specific products include basic tax preparation, standard tax preparation, full-service tax preparation and tax-related financial products.

What’s included in the Tax Preparation Services in South Dakota?

The Tax Preparation Services in South Dakota includes basic tax preparation, standard tax preparation, full-service tax preparation and tax-related financial products. Related terms covered in the Tax Preparation Services in South Dakota industry report includes a loan that is made by a lender based on an anticipated federal income tax refund, a unique identification number that is required for all paid tax return preparers, the federal government agency responsible for collecting taxes and enforcing the internal revenue code and a public-private partnership with the irs and a group of tax preparation providers that provides free electronic tax filing services for us taxpayers.

Industry Performance of the Tax Preparation Services industry in South Dakota

Benchmark the Tax Preparation Services in South Dakota industry performance with all SD county and national performance.

Tax Preparation Services in South Dakota

#44 in Highest Revenue 0.3% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Tax Preparation Services in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Tax Preparation Services industry in South Dakota

See how key industry drivers, such as population, house price index, new business formation, per capita disposable income, corporate profit and number of employees are impacting Tax Preparation Services in South Dakota

South Dakota Economic Indicators

Population
House Price Index
New Business Formation

View more economic information in SD State Economic profile

US Key External Drivers

Per capita disposable income
Corporate profit
Number of employees

For the full list of industry drivers, see report purchase options.

County Data of the Tax Preparation Services industry in South Dakota

Access proprietary data on county in the Tax Preparation Services in South Dakota, such as Minnehaha County, Pennington County and Lincoln County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Tax Preparation Services industry in South Dakota

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Tax Preparation Services industry in South Dakota in 2025?

The market size of the Tax Preparation Services industry in South Dakota is $41.3m in 2025.

How many businesses are there in the Tax Preparation Services industry in South Dakota in 2025?

There are 343 businesses in the Tax Preparation Services industry in South Dakota, which has been growing at an average annual rate of 4.3% from 2020 to 2025.

Has the Tax Preparation Services industry in South Dakota grown or declined over the past 5 years?

The market size of the Tax Preparation Services industry in South Dakota has been growing at an average annual rate of 7.2% from 2020 to 2025.

How many employees in the Tax Preparation Services industry in South Dakota in 2025?

There are 657 employees in the Tax Preparation Services industry in South Dakota, which has been growing at an average annual rate of 0.3% from 2020 to 2025.