happy tax season! here’s the good news.
it’s not easy finding strong businesses in this economy. but today, the day before april 15th is a good time to discover a new report from bizequity.com that shows at least one business with rising valuations: tax preparation.
of a sample of 35,000 tax prep companies (all privately-held), there was a 9% growth in valuations – from $71,007 to $77,181. the top cities included: columbus (33%), san antonio (28%) and chicago (20%).
publicly-traded tax prep firms have not held up as well. h&r block (nyse: hrb) has gone from $21.18 to $15.16 over the past year. still, intuit (nasdaq: intu) has shares have fallen only 4%.
free download: get the full report from bizequity (5 pages, pdf)
one response to “a business to count on: tax prep firms’ valuations rise 9%”
lynn m
recession-proof jobs! ben franklin said it in 1789, “our constitution is in actual operation. everything appears to promise that it will last; but in this world nothing is certain but death and taxes.”