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 | Mar 2015

Numbers crunched: An increase in unemployment limits revenue growth

IBISWorld’s Tax Preparation Franchises market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
H&R Block H&R Block market share
ITP Australia ITP Australia market share
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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Industry Analysis & Industry Trends

The industry's main advantage in gaining customers is the ability to maximise tax returns for clients, or minimise losses. Tax preparation franchises also know the types of deductions able to be claimed without breaking any tax laws. While the rise of online tax submissions may limit future industry growth over the next five years, the majority of people are expected to continue to engage tax expects to submit their tax returns each year.

Although the industry experiences fewer swings compared with the overall economy, its fortunes are influenced by employment conditions, income levels, and investment levels. Weaker demand for tax preparation services in tough conditions reflects individuals' lower capacity and willingness to pay for tax services... purchase to read more

Industry Report - Industry Analysis Chapter

Industry participants assist individuals and businesses in fulfilling one of life's few certainties – taxes. Registered tax professionals are specialists in personal income tax returns, with many more branching out to offer company tax support as growth in the number of individuals lodging tax returns with an agent slows. IBISWorld forecasts that of the 9.7 million tax returns submitted to the Australian Tax Office (ATO) via a tax agent in 2014-15, about 15.0% will be submitted by a tax preparation franchise within the industry. The balance will be submitted by professional accountants and non-franchised tax agent businesses.

Industry revenue includes tax preparation services rendered by both the franchisor and franchisee... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Tax Preparation Franchises Industry?

Industry participants provide tax-return preparation services and operate as part of a franchise business structure. The industry includes businesses that are owned directly by the franchisor. Operators do not provide accounting, bookkeeping, billing or payroll process services.

Industry Products
Personal tax return servicesInvestment tax return servicesSmall business tax return servicesOther tax services
Industry Activities
Tax consultation servicesTax return preparation servicesTax review services Tax consultation servicesTax return preparation servicesTax review services

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