Procurement Market Intelligence Report
Tax Accounting Services
Sourcing Guide & Market Intelligence
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Tax Accounting Services Global Overview
Definition
Summary
While traditional accounting services focus on the assemblage of public financial statements, tax accounting services focus on tax advising, preparation, and filing. Specifically, vendors help buyers adhere to the Internal Revenue Code and minimize taxes paid. Buyers operating in multiple markets across all sectors and of all sizes purchase these services.
This Report Includes:
- Tax Advising
- Tax Preparation
- Tax Filing
Not in this Report:
- Audit Services
- Bookkeeping
- Payroll Accounting
- Billing Services
- Financial Accounting
Global Tax Accounting Services Procurement Trends
Discover the top international trends affecting procurement in the global Tax Accounting Services market.
Warning Trends
United States announces additional tariffs on China
- In February 2025, the United States announced 10.0% tariffs on imports from China. The tariffs took effect on February 4, 2025.
- The tariff plan applies to all merchandise imported for consumption and applies in addition to other duties and fees that are in place, with limited exceptions.
- In response, China announced a 15.0% tariff on products such as coal and natural gas, as well as a 10.0% tariff on crude oil, agricultural machinery, pickup trucks, and large cars. The tariff executive orders indicate retaliatory tariffs could lead to further escalation in rates.
- Providers in this market rely on inputs often sourced from China. As such, ProcurementIQ will continue to monitor developments in this space and update analysis accordingly.
United States postpones plans for sweeping tariffs on Canada and Mexico
- In February 2025, the United States announced 25.0% tariffs on imports from Canada and Mexico.
- Though initially set to take effect on February 4, 2025, the implementation of tariffs on Canada and Mexico has been postponed 30 days to allow for further negotiation.
- The tariff plan initially proposed by the US applies to all merchandise imported for consumption and applies in addition to other duties or fees that are in place, with limited exceptions.
- Providers in this market rely on input costs often sourced from an affected country. As such, ProcurementIQ will continue to monitor developments in this space and update analysis accordingly.
Neutral
GSA memo asks agencies to review consulting contracts
- The General Services Administration (GSA) recently issued a memorandum asking government agencies to review their consulting contracts with the ten highest-paid firms. The ten firms are Accenture PLC (Accenture Federal Services), Booz Allen Hamilton Inc., CGI Group Inc. (CGI Federal), Deloitte Touche Tohmatsu (Deloitte Consulting), General Dynamics Corporation (General Dynamics IT), Guidehouse Inc., Huntington Ingalls Industries Inc. (HII Mission Technologies), International Business Machines Corporation (IBM), Leidos Holdings, Inc., and Science Applications International Corporation, Inc. (SAIC).
- The memo states that agencies are strongly encouraged to cut non-essential consulting contracts, providing a list of those intended to be terminated by March 7, 2025. By April 19, 2025, agencies must submit their reviews of non-GSA consulting service contracts.
- According to the GSA, the ten consulting firms identified are set to receive $65.0 billion in fees in 2025. The Department of Defense (DoD) has stated its intention to terminate or descope contracts non-essential to the DoD’s purposes; some of the largest market players with high-value DoD contracts include Booz Allen Hamilton, Deloitte, and Accenture.
- According to the Government Accountability Office, in the fiscal year 2023, government agencies spent $478.0 billion on services, with the DoD accounting for $230.0 billion and non-defense agencies accounting for the rest. The DoD spent $21.3 billion on support, professional, and engineering and technical services, while non-defense agencies spent $21.4 billion on professional services, which includes consulting, training, and support services.
- The Department of Veterans Affairs (VA) initially cancelled 875 contracts (amounting to around $2.0 billion) but has currently paused efforts. However, contract terminations across most agencies are expected to continue.
Global Tax Accounting Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Europe | 192,395 |
| #2 China | 168,835 |
| #3 United States | 120,000 |
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Geography Drilldown - US, Canada & Europe
Average Cost of Tax Accounting Services
United States
2026 Market Pricing$275.00 to $X,XXX.XX
per corporate tax returnCanada
Europe
Average Price
Prices in the Tax Accounting Services market range from $275.00 to $X,XXX.XX, depending on Complexity of the Services Required, Buyer's Level of Globalization and Buyer's Geographic Location. For example, lower prices are associated with Single business filings ($600 to $1,200 per corporate tax return), whereas higher prices are associated with Multi-subsidiary business ($1,250 to $2,500 per corporate tax return).
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Tax Accounting Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Tax Accounting Services market, prices in the US have grown 1.3% from 2022 to 2025. and +1.4% in Europe.
United States (2022-2025)
Canada (2016-2019)
Compound Annual Growth Rate
Europe (2022-2025)
Compound Annual Growth Rate
Wondering where prices are heading?
Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Tax Accounting Services
Total cost of ownership is Low in the Tax Accounting Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Delays may raise the total cost of ownership unexpectedly.
Negotiated Before
Set Up Fees
Billed During
Insurance
Additional Fees
Unforeseen
Delays
Emergencies
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -0.8 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Market Share Concentration. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Canada
Europe
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Low, which has a positive impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Computer & Packaged Software Wholesalers
- Commercial Real Estate Lessors
- Office Stationary Wholesalers
2nd
Tier Suppliers
- Computer Manufacturers
- Commercial Banks
- Office Stationary Manufacturers
Biggest Tax Accounting Services Suppliers in the US by Revenue
The largest Tax Accounting Services vendors by revenue in the US are RSM US LLP, CBIZ Inc. and Bdo Usa, Llp. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| H&R Block, Inc. | Global | Kansas City | 1,001-10,000 | 5-10 | ||||
| EY | Global | London, UK | >10,000 | 5-10 | ||||
| KPMG International Limited | Global | Amstelveen, NL | >10,000 | 5-10 | ||||
| Pricewaterhousecoopers Llp | Global | London, UK | >10,000 | 5-10 | ||||
| Bdo Usa, Llp | Global | US | < 5 | |||||
| Grant Thornton Llp | Global | London, UK | >10,000 | < 5 | ||||
| Jackson Hewitt Inc. | National | Jersey City, NJ | >10,000 | < 5 | ||||
| Moss Adams LLP | National | Seattle, WA | 1,001-10,000 | < 5 | ||||
| RSM US LLP | Global | Chicago, IL | >10,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Tax Accounting Services market is 19.6% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Overhead. The cost trend for this component is stagnating, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Vendors in the market have a low level of risk, on average, indicating that buyers are unlikely to experience service disruptions due to a vendor’s financial instability.
A low level of market share concentration among vendors indicates that there are no leading vendors that influence market rates and service providers operate in a competitive manner.
Supply chain risk is low in the market, as vendors have little reliance on critical inputs, indicating that buyers have a low risk of facing service disruptions that result from complications in vendors' upstream supply chain.
The United States is a net importer of computers, meaning it imports more computers than it exports. While lower manufacturing costs abroad drive down prices for imported computers, relying on imports can lead to potential shortages or price increases if there are supply chain disruptions due to geopolitical tensions, trade disputes, or global crises.
Supplier Information
EY
EY is a private company operating globally in the mining, finance & insurance, professional, scientific & technical services and administration, business support and waste management services sectors. The company's offerings include oil & gas field consulting services, management consulting services, environmental,... Subscribe to learn more
H&R Block, Inc.
H&R Block, Inc. is a holding company that provides global tax preparation services, financial products, and small business solutions. It offers assisted and do-it-yourself (DIY) tax return preparation solutions through in-person, mobile applications, virtual, and desktop software; small business financial... Subscribe to learn more
KPMG International Limited
KPMG International Limited is a private company operating globally in the mining, finance & insurance, professional, scientific & technical services and administration, business support and waste management services sectors. The company's offerings include oil & gas field consulting services, management consulting... Subscribe to learn more
Pricewaterhousecoopers Llp
Pricewaterhousecoopers Llp is a private company operating globally in the finance & insurance, professional, scientific & technical services, administration, business support and waste management services and educational services sectors. The company's offerings include management consulting services, environmental,... Subscribe to learn more
Baker Tilly Virchow Krause, Llp
Baker Tilly Virchow Krause, Llp is a private company operating globally in the professional, scientific & technical services sector. The company's offerings include tax accounting services. Founded in 1931, the company is currently headquartered in Chicago, Illinois, United States of America with an estimated... Subscribe to learn more
Bdo Usa, Llp
Bdo Usa, Llp is a private company operating globally in the professional, scientific & technical services and administration, business support and waste management services sectors. The company's offerings include business valuation services, merger & acquisition consulting services, e-discovery consulting... Subscribe to learn more
CBIZ Inc.
CBIZ Inc. is a public company operating nationally in the information, real estate and rental and leasing and professional, scientific and technical services sectors. The company's offerings include tax preparation software, business valuation services, real estate appraisal services, tax accounting services... Subscribe to learn more
Cohnreznick Llp
Cohnreznick Llp is a private company operating internationally in the professional, scientific & technical services sector. The company's offerings include accounting services, tax accounting services and audit services. Founded in 1919, the company is currently headquartered in New York, New York, United... Subscribe to learn more
Crowe Global
Crowe Global is a private company operating globally in the professional, scientific & technical services sector. The company's offerings include supplier diversity consulting services, ipo consulting services, accounting services, tax accounting services and audit services. Founded in 1942, the company is... Subscribe to learn more
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Procurement Management KPIs for the Tax Accounting Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Response Time and Customer Retention Rate. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Dedicated Point of Contact and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Response Time |
|
Time to respond following outreach via email Time to respond following outreach via phone Time to respond following outreach via alternative methods (customer service chat bot, text message, etc.) |
Buyers should measure a vendor's level of customer service by looking at how quickly they respond to buyers. Buyers should consider the method of outreach and have different expectations regarding response time for different means of contact. |
| Customer Retention Rate |
|
Number of clients at start of period Number of clients added within period |
The client retention rate represents the number of clients a company is able to retain over a set timeframe. Accounting firms with strong client retention rate are likely to be in a stable financial position. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Experience and Expertise
How many employees work at your company?
What percentage of your accountants are CPAs or tax attorneys?
Workforce
What size business do you typically prepare taxes for?
How many offices do you operate out of in the United States? Globally?
Competition
How do you attract and retain clients?
What incentives do you give to long-term clients to stay with your company?
The ultimate prep for procurement negotations
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Tax Accounting Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should provide a brief description of their company's organization, including their main business and the key departments they answer to and are responsible for.
Buyers should provide a description of the services being requested.
Statement Of Need
Buyers should provide details regarding any special tax circumstances that apply to their business.
Buyers should describe their sources of revenue and any other accounts that are applicable.
Project Budget
Buyers should describe their budget for these services.
Buyers should describe their budget for these services.
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We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
