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Tax Preparation Franchises in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tax Preparation Franchises Market Research Report | Business Franchises | Finance & Business Advisory Franchises | 2016

Prepare the way: Improvements to e-tax forces industry players to diversify their offerings

IBISWorld’s Tax Preparation Franchises market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
H&R Block H&R Block market share
ITP Australia ITP Australia market share
Industry Statistics & Market Size
Revenue
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Annual Growth 11-16
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Annual Growth 16-21
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Profit
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Employment
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Businesses
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What is the Tax Preparation Franchises industry?

Tax preparation franchises operate at a low capital intensity level. The industry is highly labour-intensive as a large amount of work must be completed manually, such as the assessment of tax deductible items and preparation of tax lodgements. Employees in the industry generally require an understanding of tax law and accounting standards as this knowledge requirement represents a significant item of expense for wages. In 2015-16, wages are expected to account for 52.5% of industry revenue. Used as a proxy for capital, depreciation is estimated to account for 2.0% of industry revenue for the year.

Overall, IBISWorld expects that of every dollar required for wages in 2015-16, approximately $0.04 will be invested in computers and other capital equipment... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents
Major products in this industry
Personal tax return servicesInvestment tax return servicesSmall business tax return servicesOther tax services
 


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