research
AnythingResearch - Industry Analysis and Market Research Reports
Better Data, Better Decisions
AnythingResearch

2018 Market Analysis & Industry Outlook: Accounting, Tax Preparation, Bookkeeping & Payroll Services


Overview of the U.S. Accounting, Tax Preparation, Bookkeeping & Payroll Services Industry

This section provides answers to key questions about the industry:
  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Accounting, Tax Preparation, Bookkeeping & Payroll Services: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast[PREMIUM]

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Accounting, Tax Preparation, Bookkeeping & Payroll Services industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Tax Auditing Services

Billing Services, Including Medical Billing

Bookkeeping And Compilation Services

Full-Service Bookkeeping With Compilation Services

Bookkeeping Services Sold Separately

Compilation Services Sold Separately

Financial Auditing Services

Financial Statement Auditing

Specialized Financial Auditing

Financial Statement Review, Engagement, And Agreed-Upon Procedures For Financial Information

Other Financial Assurance And Related Services

Non-Financial Assurance And Related Services

General Accounting Services

Payroll Accounting Services

Full-Service Payroll Services

Payroll Services Sold Separately

Tax Planning And Consulting Services

Tax Planning And Consulting Service - Individuals And Unincorporated Businesses

Tax Planning And Consulting Service - Corporate And Other Clients

Tax Preparation And Representation Services - Individuals And Unincorporated Businesses

Tax Preparation And Representation Services - Corporate And Other Clients

Computerized Accounting Systems Services

Personal Financial Planning Services

Management Consulting Services

All Other Receipts

All Other Operating Receipts



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map of Accounting, Tax Preparation, Bookkeeping & Payroll Services by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Accounting, Tax Preparation, Bookkeeping & Payroll Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Accounting, Tax Preparation, Bookkeeping & Payroll Services industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Accounting, Tax Preparation, Bookkeeping & Payroll Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 6%

Order at top of page
Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations 49%
Financial Specialists 46%
Accountants and Auditors 37%
Accountants and Auditors 37%
Tax Examiners, Collectors and Preparers, and Revenue Agents 7%
Tax Preparers 7%
Office and Administrative Support Occupations 37%
Financial Clerks 17%
Bookkeeping, Accounting, and Auditing Clerks 10%
Bookkeeping, Accounting, and Auditing Clerks 10%
Secretaries and Administrative Assistants 7%
Secretaries and Administrative Assistants 7%
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive 5%
Other Office and Administrative Support Workers 6%
Source: Bureau of Labor Statistics


Accounting, Tax Preparation, Bookkeeping & Payroll Services Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • Izea trademarks "AUGMENTED SPONSORSHIP" - Advertising and marketing - 01/06/2018
  • Signaturefd trademarks "SIGNATUREPRO" - Tax assessment, tax consultation, tax preparation, and business risk management services; family business consulting - 01/06/2018
  • Systems Associates trademarks "INIGMA" - Software as a service (SAAS) services - 01/05/2018
  • Bill.com raises $38 million in funding. - 01/04/2018
  • Snapchat patents Object Modeling And Replacement In A Video Stream - 01/04/2018
  • VergePointe Capital Fund XXII raises $5 million in funding. - 11/28/2017
  • Peak Rock Capital Executive Fund II raises $650 million in funding. - 11/22/2017
  • Easypak patents Container With Self-aligning Lid - 10/26/2017
  • Netsuite patents System And Methods For Provisioning And Monitoring Licensing Of Applications Or Extensions To Applications On A Multi-tenant Platform - 10/19/2017




  • Top Innovators

    99915950
    CompanyInnovation Score
    Netsuite99
    Izea91
    Snapchat59
    Cambrios Technologies50
    Ceridian

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Sriya Pati - Mail Invoices and tax documents. Bookkeeping and reconcile ... Month end, quarter end closing and preparation of financial statements. Prepare and review payroll entries, invoices and other accounting documents. Interact with Client for Data ... (01/10/2018)
    • Cass Regional Medical Center Foundation announces scholarship winners - ... office to help handle individual tax preparation, business bookkeeping, taxes and payroll, tax consulting, and IRS issues. The Raymore expansion is expected to offer the same, full-service accounting options as Hampton’s original location in ... (01/09/2018)
    • 30597602.pdf - Call For An Appointment Today! IMS IMS, LLC 1012 Superior Ave., Tomah PHONE: 608-372-3200 Accounting, Bookkeeping & Payroll Services, Individual, Small Business, Corporate-Farm Tax Preparation & Free E-File (01/08/2018)
    • Accounting Company in West London Explains How to Pay Vat Online - This may include preparation of annual accounts and auditing ... also specialize in other services related to accountancy, tax returns, online accounting software, bookkeeping, payroll and CIS services, among all others. VG Woodhouse and Co. can be ... (01/06/2018)
    • Likes opens new accounting firm in downtown Davis - Likes Accounting Company, to meet a growing community need and fulfill a lifelong dream of being self-employed. The firm offers bookkeeping and payroll services in addition to tax preparation. “For many years, I’ve noticed a need in the community for ... (01/05/2018)
    • Latest Accounting, tax preparation and payroll services News - (AP) — The federal income tax overhaul backed by President Donald Trump and congressional ... NEW YORK (AP) — Small businesses hired at a moderate pace last month, adding 50,000 jobs, according to payroll provider ADP. The November job gains at ... (12/22/2017)
    • L2 Tax Brings Affordable, Expert Tax Preparation To Land O Lakes/Carrollwood - A new tax and accounting service offering truly affordable and professional quality tax preparation is now available in ... Our aim is to provide the widest range of tax, accounting, bookkeeping and payroll services you are likely to need, while remaining ... (03/25/2015)
    • Research and Markets: Accounting, Tax Preparation, Bookkeeping, And Payroll Services Industry in the United States - Industry Size & Growth, Trends and Competitive Analysis - has announced the addition of the "Accounting, Tax Preparation, Bookkeeping, And Payroll Services Industry in the United States - Industry Size & Growth, Trends and Competitive Analysis" report to their offering. The Accounting, Tax Preparation ... (10/16/2013)
    • Marketing Strategies for Accounting Firms - If you decide to position yourself as a firm that offers all the main accounting services, such as payroll, bookkeeping, preparation of accounts and tax preparation, you will appeal to potential clients that want to deal with a single firm for all their ... (07/18/2013)


    Government Contracts

    In 2016, the federal government spent a total of $1,216,236,330 on Accounting, Tax Preparation, Bookkeeping & Payroll Services. It has awarded 4,772 contracts to 352 companies, with an average value of $3,455,217 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount



    Growth Opportunities / Competitive Threats

    Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Accounting, Tax Preparation, Bookkeeping & Payroll Services to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

    The following industries are competing channels for sales of similar products/services.

    Payroll Services
    Competing IndustrySales Relative to Accounting, Tax Preparation, Bookkeeping & Payroll ServicesOpportunity/Threat
    Payroll Services Competing industry

    Sales from other industries of Payroll Services are less than those from Accounting, Tax Preparation, Bookkeeping & Payroll Services. This may mean that other channels are a competitive risk of increasing their Payroll Services sales, taking market share from this industry.
    Payroll Services Product Sales Report



    Financial Auditing Services
    Competing IndustrySales Relative to Accounting, Tax Preparation, Bookkeeping & Payroll ServicesOpportunity/Threat
    Offices of Certified Public Accountants Competing industry

    Sales from other industries of Financial Auditing Services are less than those from Accounting, Tax Preparation, Bookkeeping & Payroll Services. This may mean that other channels are a competitive risk of increasing their Financial Auditing Services sales, taking market share from this industry.
    Financial Auditing Services Product Sales Report



    Bookkeeping & Compilation Services
    Bookkeeping & Compilation Services Product Sales Report

    General Accounting Services
    General Accounting Services Product Sales Report



    Related Reports

    Can't find what you're looking for? We have over a thousand market research reports. Ask us and an analyst will help you find what you need.

    Industries Related to Accounting, Tax Preparation, Bookkeeping & Payroll Services

    Accounting, Tax Preparation, Bookkeeping & Payroll Services