Liberty Tax Service Early Tax Season Results Show a Continuing Growth Trend

Company Releases Key Financial Figures Through February 29

VIRGINIA BEACH, Va.--(BUSINESS WIRE)--Liberty Tax Service has released its early season results through February 29. The Company reports a 11.5% increase in the total number of U.S. federal tax returns filed through its U.S. offices, compared to the end of February 2011, and a 8.0% increase in systemwide revenues generated at U.S. offices through the same period last year. Since it was founded in 1997, the Company has demonstrated significant growth in an industry formerly dominated by tax giant H&R Block (NYSE:HRB), and Jackson Hewitt. Liberty Tax now operates approximately 4,200 offices in the United States and Canada.

“In spite of some delays in processing customer refunds due to new processes used by the IRS, Liberty Tax has experienced growth in many areas at this stage of the tax season compared to last year”

“In spite of some delays in processing customer refunds due to new processes used by the IRS, Liberty Tax has experienced growth in many areas at this stage of the tax season compared to last year,” stated John Hewitt, CEO and founder of Liberty Tax. “Each tax season has its unique challenges and changes. This year, we have prepared for the required certification of our tax preparers by the IRS, which is a very positive change for our industry.”

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 9,000,000 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 recently released Forbes “Top 20 Franchises for the Buck.” The company provides computerized income tax preparation, electronic filing, and online filing through eSmart Tax at www.esmarttax.com. Other services include audit assistance, a money back guarantee, and free tax return checking.

Contact:

Liberty Tax Service
Martha O’Gorman
Chief Marketing Officer
800-790-3863 ext. 8022
martha@libtax.com

 

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