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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 | Jan 2013

Not so taxing: Growth in e-tax lodgements tempers revenue growth

IBISWorld’s Tax Preparation Franchises market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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
$181m
Annual Growth 08-13
0.7%
Annual Growth 13-18
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Profit
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Employment
1,434
Businesses
230
Industry Analysis & Industry Trends

The Tax Preparation Franchises industry will not diminish in significance; however, the rise of tax submissions via the internet may dampen industry participants' exuberance. The global financial crisis, which resulted in the loss of jobs and income led to fewer tax returns being lodged. Of those lodged, nearly 70,000 more were lodged via e-tax while those submitted through agents and various means fell by 400,000. The weaker demand for tax preparation services in tough conditions reflects individuals' lower capacity and willingness to pay for tax services. Although the industry experiences less swings compared with the overall economy, its fortunes are undoubtedly tied to employment conditions... purchase to read more

Industry Report - Industry Locations Chapter

While the industry remains steady in terms of enterprise locations, the distribution of industry establishments slightly 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 to 2012-13.

IBISWorld expects that a number of rural franchises may relocate to coastal city locations in coming years due to the ease of individual tax lodgements and a small number of businesses in rural locations... 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. This 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 returnInvestment tax returnSmall business tax returnOther returns
 
Industry Activities
ConsultationPreparation of tax returnsTax review services ConsultationPreparation of tax returnsTax review services


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