Prepare the way: The popularity of SMSFs will provide the industry with new revenue streams

IBISWorld’s Tax Preparation Franchises market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.


Industry Analysis & Industry Trends

Firms in the Tax Preparation Franchises industry mainly service individuals and small businesses. Industry players' main advantage in gaining these customers is being able to maximise clients' tax returns or minimise their losses. Tax preparation franchisees also know the deductions that can be claimed without breaking any taxation laws. While the rise of online tax submissions may limit industry growth over the next five years, most people are likely to continue engaging tax experts to submit their tax returns.

The industry is less volatile than many other industries and the overall economy, but its fortunes are still influenced by employment conditions, average household income and investment levels...

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What is the Tax Preparation Franchises industry?

Industry participants assist individuals and businesses in preparing their taxes. Tax preparation franchises specialise in personal income tax returns, with many now also offering company tax support as growth in the number of individuals lodging tax returns with an agent slows. Of the 10.2 million tax returns expected to be lodged to the ATO via a tax agent in 2016-17, almost 15% is likely to be submitted by a tax preparation franchise. The balance will be submitted by professional accountants and non-franchised tax agent businesses.

Industry drivers and growth

Industry revenue includes tax preparation services rendered by both the franchisor and franchisee. Thi...

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Products & Brands

Major products in this industry
Personal tax return services
Investment tax return services
Small business tax return services
Other tax services

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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