Tax Preparation Franchises in Australia - Market Research Report

Tax Preparation Franchises industry trends (2014-2019)

poll Average industry growth 2014–2019: 3.3%

Firms in the Tax Preparation Franchises industry mainly service individuals and small businesses. Industry players distinguish themselves by holding the knowledge to maximise clients' tax returns while not breaking any taxation laws. While the rise of online tax submissions has limited industry growth over the past five years, individuals with complex tax returns and small businesses will likely continue using tax experts to submit their tax returns. Although the industry experiences low volatility due to the mandatory nature of tax lodgements, factors such as employment conditions, household discretionary income and investment levels still influence industry revenue. When individuals have more complex tax matters, they tend to be more inclined to e...
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Tax Preparation Franchises industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Tax Preparation Franchises industry is projected to grow over the next five years. However, a continued shift towards self-lodgement is anticipated to continue to limit revenue growth and increases in franchisee numbers. As a result, industry participants are expected to increasingly focus on small- to medium-size businesses and individuals with high net worth to drive revenue growth. Industry participants are also anticipated to benefit from the retirement of baby boomers and the popularity of SMSFs. As a result, industry revenue is forecast to grow at an annualised X.X% over the five years through XXX-XX, to $XX.X million. Existing franchisors and newcomers will likely have opportunities to expand in under-serviced geographical areas. However,...
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Tax Preparation Franchises industry statistics

  • attach_money Market Size: $230m
  • business Number of Businesses: 1,078
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 2,139

Biggest companies in the Tax Preparation Franchises industry

The companies holding the largest market share in the Tax Preparation Franchises in Australia industry include H&R Block Limited and ITP Australia.

  • pie_chart H&R Block Limited Market Share: x.x%
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  • pie_chart ITP Australia Market Share: x.x%
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What is Tax Preparation Franchises industry?

Industry Definition

The industry is made up of companies and practitioners that primarily provide physiotherapy services.

Industry Products and Services

  • Orthopaedic services
  • Sports injury treatment
  • Geriatric services
  • Neurological treatment services
  • Paediatric services
  • Other

Industry Activities

  • Physiotherapy services

Market research report - table of contents

Industry Definition

Industry participants provide tax-return preparation services 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 processing services.

Main Activities

  • Tax consultation services
  • Tax return preparation services
  • Tax review services
  • Other taxation services

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

People with investments, such as shares and investment properties, are more likely to have their tax return completed and submitted by a third party. Tax ...
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Demand from auxiliary finance and investment services
Number of businesses
Real household discretionary income
National unemployment rate

Current Performance

Agents vs myTax
Spreading the net
Competition and the franchise model
 Chart: Revenue Growth

Industry Outlook

Franchise arrangements
Superannuation boom
 Table: Tax Preparation Franchises in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Tax Preparation Franchises in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Consumers in Australia






Key Selling Industries

Advertising Services in Australia
Education and Training in Australia
Internet Service Providers in Australia
Software Publishing in Australia



Products & Services

The Tax Preparation Franchises industry predominantly offers tax-related lodgement services. Bookkeeping and other accounting and finance services are omi...
Small business owners
Other sectors




Demand Determinants

Demand for tax preparation services by the industry continues to grow steadily from year to year due to government requirements for individuals to submit ...
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Major Markets

Small business owners
Other sectors





 Chart: Major Market Segmentation for the Tax Preparation Franchises in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Tax Preparation Franchises industry has moderate market share concentration. This concentration is predominantly due to key players H&R Block and ITP ...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Tax Preparation Franchises in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Tax Preparation Franchises in Australia - Market Research Report Industry

Industry Globalization

H&R Block is a publicly listed, US-based tax preparation company with an extensive network of franchised and company-owned offices. The company was founde...
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H&R Block

 Table: H&R Block - financial performance

ITP Australia

 Table: ITP Australia - financial performance

Capital Intensity

The Tax Preparation Franchises industry exhibits low capital intensity. The industry is highly labour-intensive as a large amount of work must be complete...
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 Chart: Level of Capital Intensity for the Tax Preparation Franchises in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Tax Preparation Franchises in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

ABOVE-THE-LINE ADVERTISING

BELOW-THE-LINE ADVERTISING

SELF-MANAGED SUPERANNUATION FUND (SMSF)

TAX PREPARATION

TAXPAYER

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Tax Preparation Franchises industry?

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This report on Tax Preparation Franchises in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Tax Preparation Franchises in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

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