The top 7 tax preparation companies are helping to grow an industry that employs over 300,000 people in 109,000 firms worldwide. The overall tax preparation industry has grown by 2% over the last 5 years, and the majority of this growth has been led by the world’s largest tax firms. These firms have seen their tax revenues increase each year.
Ranking the Top 7 Tax Preparation Companies
The top 7 tax preparation companies in the world have been around for a long time. They are transitioning to a new age of online services to stay competitive with tax preparation software. We have ranked the largest tax firms in 2022 based on their tax revenue, revenue, and brand power.
1. H&R Block
H&R Block is the biggest tax company in 2022. It is an American company that helps people with their taxes in Canada, the United States, Australia, and India. The company was founded in 1955 and has 12,000 locations where people can go to get help with their taxes. H&R Block offers different things like software to help people do their taxes, online tax preparation, and electronic filing of taxes from their website. The company generated $3.01 billion in revenue last year from its services. The company’s largest source of revenue last year was from tax services, where the company earned $2.9 billion. All the accountants in Edmonton are best if you want to need someone to assist you in your business matters.
Next on our list of the top 7 tax preparation companies in 2022 is PricewaterhouseCoopers. It is a multinational professional services network of firms headquartered in London, United Kingdom. PwC is a company that provides tax preparation services. It is one of the largest accounting firms in the world and operates in over 157 countries. In 2021, PwC earned USD 42.4 billion in revenue. Of that, USD 2.41 billion came from taxes.
Deloitte is the third largest tax company in the world. It is a multinational professional services network, and it earned 21% of its total revenue from taxes last year. Deloitte is one of the largest auditing and tax firms in the world. The company brought in USD 46.2 billion in revenue last year.
4. Ernst & Young
Ernst & Young is a professional services firm that is headquartered in London, England, United Kingdom. It is number 4 on our list of the top 7 tax preparation companies. Ernst & Young is a large accounting firm. They also offer tax preparation services. In 2021, they made a lot of money from taxes. They made USD 36.4 billion in total revenue. Ernst & Young is also ranked high by Fortune Magazine as one of the best companies to work for.
KPMG is the 5th largest tax firm in the world. KPMG is a multinational professional services network that has operations in 147 countries. They have over 219,000 employees and offer three lines of services: financial audit, tax, and advisory. In 2021, KPMG generated USD 1.27 billion in gross revenue from its tax services.
6. RSM US
RSM US is an accounting firm that focuses on helping businesses in the middle market in the United States. The company is a member of the global accounting network RSM International. RSM US is ranked 6th on the list of largest tax consulting firms, and it generated $475.51 million from its tax practice last year. The company’s global division brought in $5.74 billion in revenue last year.
7. BOMCAS Canada
It provides services like business accounting, CRA audits, tax services, payroll, GST preparation, bookkeeping services, and small to medium-size business corporate tax preparation. They serve clients in Alberta and all across Canada. It is included in one of the best tax services in Edmonton. They also provide tax accountant services for people who live in the United States and Canada. They have offices in Sherwood Park and Edmonton, where they provide virtual, remote, as well as local accounting services to clients across Canada.
Taxes are a necessary but often complex part of life for individuals and businesses around the world. There are many companies that specialize in tax preparation and consulting to help ease the burden. The 7 companies on this list are some of the largest and most well-known firms in the industry. If you’re looking for help with your taxes, one of these companies may be a good option for you. Even you can also hire Edmonton personal tax accountants to look into this matter.