The tax preparation services global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Tax Preparation Services Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The tax preparation services market size has grown steadily in recent years. It will grow from $31.12 billion in 2023 to $32.62 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to traditional tax filing practices, complex tax regulations, changes in tax laws, small business growth, consumer awareness and education..
The tax preparation services market size is expected to see strong growth in the next few years. It will grow to $40.6 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to advancements in tax software, remote work and virtual services, regulatory emphasis on digital reporting, economic changes and stimulus programs, personalized tax planning services.. Major trends in the forecast period include focus on customer education, expansion of diy tax software, data analytics for insights, mobile tax filing services, environmental, social, and governance (esg) considerations..
Order your report now for swift delivery @
Scope Of Tax Preparation Services Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Tax Preparation Services Market Overview
Market Drivers –
The increasing small and medium-sized enterprises are expected to propel the growth of the tax preparation services market going forward. Small and medium-sized businesses are privately owned businesses with capital, workforce, and assets that fall below a certain level set by national guidelines. Small and medium-sized businesses are frequently used to pay the goods and services tax. Governments recognize the importance of small and medium-sized enterprises (SMEs) in the economy and regularly offer incentives, such as favorable tax treatment and easier access to loans, to help them stay in business, which boosts the growth of the tax preparation services market. For instance, in May 2022, according to a report shared by the US Small Business Administration., a US-based government agency, there will be 31.7 million small businesses and 20,139 large businesses in the US. In the US, small businesses added 10.5 million net new jobs over the past two decades, while large businesses added 5.6 million jobs. And these numbers are expected to increase in the future. Therefore, an increasing small and medium-sized enterprises is driving the growth of the tax preparation services market.
Market Trends –
Technological advancement is a key trend gaining popularity in the tax preparation services market. Major companies operating in the tax preparation services industry are focused on developing innovative solutions to strengthen their position in the market. For instance, in January 2023, April Tax Solutions Inc., a Canada-based accounting and tax service company, launched its Tax Platform technology, which simplifies the filing process and integrates tax preparation into broader financial wellness, especially for Americans. Itis assists Americans in gaining control of their taxes by utilizing the most recent advances in natural language processing and human-assisted AI. April’s personalized engine offers taxpayers a fast, frictionless, and affordable tax experience, aimed at making the tax process easier. It creates a new standard for tax solutions for low-income families. April works directly with banks and financial institutions to break down the barriers that have traditionally existed between tax and financial planning, making tax work easier.
The tax preparation services market covered in this report is segmented –
1) By Service: Tax Compilation Services, Tax Return Preparation Services, Other Services
2) By Deployment Mode: Cloud, On-Premises
3) By Application: Enterprise, Family, Personal, Other Applications
Get an inside scoop of the tax preparation services market, Request now for Sample Report @
Regional Insights –
North America was the largest region in the tax preparation services market in 2023. North America is expected to be the fastest-growing region in the tax preparation services market report during the forecast period. The regions covered in the tax preparation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the tax preparation services market report are BDO Global, Deloitte Consulting LLP, Ernst & Young Global Limited, H&R Block Inc., KPMG International Limited, RSM US LLP, Ryan LLC, Jackson Hewitt Tax Service Inc., PricewaterhouseCoopers International Limited, Crowe Global, Intuit Inc., 415 Group, Knight Dowl CPA, CapActix Business Solutions Pvt. Ltd., Entigrity Solutions LLC, Invensis Inc., Ramsey Solutions, Liberty Tax Service, FreeTaxUSA, Robert Hall & Associates, Commerce Clearing House, Drake Software, GoSystem Tax RS, Thomson Reuters corporation, TaxAct Holdings Inc., H&R Block Tax Software, 1040.com, TaxSlayer LLC, E-file.com LLC, On-Line Taxes Inc., ezTaxReturn.com, PriorTax .
Table of Contents
1. Executive Summary
2. Tax Preparation Services Market Report Structure
3. Tax Preparation Services Market Trends And Strategies
4. Tax Preparation Services Market – Macro Economic Scenario
5. Tax Preparation Services Market Size And Growth
…..
27. Tax Preparation Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
Twitter: https://twitter.com/tbrc_info
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
