Tax Preparation Services Industry

NAICS: 541213

For additional companies see the Accounting, Tax Preparation, Bookkeeping & Payroll Services Industry

Tax Preparation Services Market Share: Largest Companies in the Tax Preparation Services Industry

Company	Headquarters	Revenue ($ MM)
H&R BLOCK MANAGEMENT	Kansas City, MO	100
IGS SOLUTIONS	Los Angeles, CA	2
SOVOS COMPLIANCE	Wilmington, MA	2
DENTON CREEK ENTERPRISES	Justin, TX	2
APERCEN PARTNERS	Palo Alto, CA	1
JACKSON HEWITT TAX SERVICE	Sarasota, FL	1
RBT CPAS	Newburgh, NY	0
ANTHEM TAX SERVICES	Woodland Hills, CA	0
ANDERSEN BRENTWOOD	Brentwood, CA	0
TAX PROTECTION PLUS	Winston Salem, NC	0
DMDBD LLC DBA LIBERTY TAX SERVICE	Marysville, WA	0
ABGI USA	Houston, TX	0
APEX FUND & CORPORATE SERVICES NEW YORK	New York, NY	0
FRANKEL LOUGHRAN STARR & VALLONE	Garden City, NY	0
IDEAL TAX SOLUTION	Santa Ana, CA	0
HARRY L GORMAN	Dracut, MA	0
SPARTAN FITNESS	Brentwood, TN	0
LC PARTNERS	Prairie Village, KS	0
INTEGRO PROFESSIONAL SERVICES	Celebration, FL	0

This is a list of the largest companies active in the Tax Preparation Services industry. This differs from market share in the following example: One business with revenues of $100 million generates 10% of its business from the Tax Preparation Services industry. A second firm, with revenues of $20 million, generates all of its business from this industry. In our list, we show the businesses having revenues of $100 million and $20 million, respectively. However, the market share would compare the $10 million in industry-specific revenue to the $20 million: the second company has twice the market share even though it is "smaller" in size.

Growth: Fastest Growing Tax Preparation Services Companies

A list of competitors in the Tax Preparation Services industry that are rapidly expanding. Businesses may grow organically or through acquisition. Typically, small or midsized companies are in "growth" mode and can expand more rapidly. However, large businesses may have the strategy and financial capabilities to scale rapidly. Businesses that employ a "roll-up" strategy make multiple acquisitions of smaller businesses to form a single large corporation that controls a greater market share than its competitors and benefits from economies of scale.

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Small Business Financing

Small businesses that have received financing may expand soon. Financing may be required for capital-intensive investments, such as real estate or equipment purchases. Tax Preparation Services businesses may use the financing to cover startup expenses or the costs of hiring new employees. Loans differ from equity investments in the level of risk that is expected: loans frequently have collateral either directly or implicitly through the business or the owners that ensure repayment. Equity investment has the possibility for much greater returns, but offers no guarantee the principle will be repaid. Convertible securities combine the two concepts, but is used by private-equity firms rather than main street startups.

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Venture Funding

These Tax Preparation Services companies are actively raising capital from venture capital firms, private equity, or other investors. Businesses with venture funding generally have higher growth prospects, either through bringing new concepts to market, using innovative business practices, or savvy management.

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