Industry Analysis & Industry Trends
The Tax Consultants industry is expected to record modest revenue growth during the five years through 2015-16, expanding at an estimated compound annual rate of 2% to reach £3.9 billion. The industry was somewhat protected from the poor economic conditions of the relatively recent past. This is mainly due to relatively stable demand for personal and business income tax services, as businesses and individuals have to file tax returns irrespective of economic conditions. However, revenue generated from tax advisory services remained volatile as performance in this segment is closely linked to the state of the economy. Industry profit margins were low at the start of the period, but have since improved due to cost reduction initiatives and rising revenue... purchase to read more
Industry Report - Industry Products Chapter
Firms in the Tax Consultants industry provide professional tax return services, including corporate and consumer tax services, tax preparation and electronic filing. Industry operators also offer tax advisory services on strategic tax-related issues. Tax services are provided without additional accounting, bookkeeping, billing or payroll processing.
Business income tax services
Business income tax services constitute the largest segment for the Tax Consultants industry and are expected to contribute 48% of total industry revenue in 2015-16... purchase to read more