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 | Feb 2016

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

The Tax Preparation Franchises market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 11-16
Annual Growth 16-21
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Industry Analysis & Industry Trends

Tax preparation franchises mainly service individuals and small businesses. The industry players’ main advantage in gaining these customers is their ability to maximise tax returns or minimise losses for clients. Tax preparation franchisees also know the types of deductions that can be claimed without breaking any taxation 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 experts to submit their tax returns each year.

Although the industry is less volatile than many other industries and the overall economy, its fortunes are influenced by employment conditions, average household income, and investment levels... purchase to read more

Industry Report - Industry Locations Chapter

While the industry remains steady in terms of enterprise locations, the distribution of industry establishments generally coincides with population trends and, to a smaller degree, the geographical level of economic activity. This is reflected in downstream major markets, with individuals and small businesses key drivers of demand. As a result, there are a higher number of industry franchise establishments within New South Wales and Victoria, as well as Queensland, where the population has increased steadily over the five years through 2015-16. Overall, these three states are expected to account for 79.1% of industry enterprises in 2015-16.

IBISWorld expects more rural franchises may be established or relocate to regional and coastal city locations in the next five years... 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 Other taxation servicesTax consultation servicesTax return preparation servicesTax review services Other taxation services

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