Entrepreneur Magazine Names Liberty Tax "Best of the Best" Tax Franchise

May 12, 2011 // Franchising.com // (Virginia Beach, VA) Liberty Tax Service is the #1 tax franchise according to Entrepreneur magazine's "Best of the Best" This elite group is comprised of the bestfranchises in each category of the 2011 "Franchise 500." The Company is one of the "A+ students of the franchise world--the overachievers who never settle for being just one of the best," according to the May 2011 Entrepreneur.The annual "Franchise 500" has been a credible industry benchmark study of franchise opportunities for 30 years, and at the top of the research list for persons exploring franchise opportunities.

"We've had economic challenges over the last few years, and we've gone out and raised money to lend to our best franchisees," reflected Liberty Tax CEO and founder John Hewitt. "It's easier as a large company to get funding at good rates. We've had to do a lot more financing of franchisees who are coming into the system, and also franchisees who are expanding. That's the key difference over the last couple of years."

Liberty Tax Service prepared 11% more returns through April 19, 2011,compared to the same time period in 2010. System-wide revenues increased 12%. The Company continued to offer competitive choices, allowing its growing customer base to choose between professional services in brick-and-mortar locations and do-it-yourself online tax preparation with its eSmart Tax product at www.esmarttax.com.

About Liberty Tax Service

Liberty Tax Serviceis 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 8,000,000 individual income tax returns. With 42 years of tax industry experience, Hewitt stands as the most experienced CEO in the tax preparation business, having also founded Jackson Hewitt Tax Service. Liberty Tax Service is the only tax franchise on the Forbes "Top 20 Franchises to Start." Each officeprovides computerized income tax preparation, electronic filing, and online filing through eSmart Tax. Other services include audit assistance, a money back guarantee, and free tax return checking.

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