Liberty Tax Service Experiences Significant Early Season Growth
Early Filing Peak is Here
February 05, 2010 // Franchising.com // (Virginia Beach, VA) Liberty Tax Service reports an 18% increase in the number of returns filed through January 31, (compared to the same time period last year), and a robust 36% increase in revenue. Same store sales are also up over 25%. Liberty Tax grew its number of U.S. locations by 15% over the last year, and is now operating over 3,000 offices in the United States, and 250 in Canada.
"Clearly with the stagnant economy, more Americans due a refund are filing as early as they can. The popular option of downloading W-2s has accelerated the time it takes to deliver these vital forms. Another factor for Liberty Tax is our ability to continue serving our customers with disbursement options like our re-loadable debit card and bank products through our partnership with Republic Bank," according to John Hewitt, CEO of Liberty Tax Service.
About Liberty Tax Service
Liberty Tax Service is the fastest growing retail tax preparation company in the industry's history. Founded in 1997 by CEO John T. Hewitt, a pioneer in the tax industry, Liberty Tax Service has prepared over 7,000,000 individual income tax returns. With 41 years of tax industry experience, Hewitt stands as the most experienced CEO in the tax preparation business, having also founded Jackson Hewitt Tax Service (NYSE:JTX).
Liberty Tax Service provides computerized income tax preparation, electronic filing, refund loans, and online filing through eSmart Tax. Each office offers customers audit assistance, a money back guarantee, and free tax return checking. The Liberty Tax Service franchise opportunity is #9 on the fastest growing franchises list of the 2010 Entrepreneur "Franchise 500."