ATAX’s 2015 Tax Season Reinforces Company’s Rise
Tax Preparations Increase More than 15 Percent; Outpaces Competitors and Industry Tax Return Trends
June 17, 2015 // Franchising.com // NEW YORK – ATAX continues to astonish the accounting and tax preparation industry with its resounding ascent to prominence.
The 2015 tax season proved to be another opportunity for the award-winning tax preparation, bookkeeping and payroll services company to showcase the momentum it has created with the U.S. individual and small business customer base that it commands.
Announced today, the 2015 tax season was ATAX’s strongest since it began franchising in 2007. From January 1 through April 30, 2015, ATAX’s 40 locations combined to show an increase of more than 16 percent in the number of returns prepared in the 2015 tax season versus 2014. The ATAX network of locations includes its corporate-owned center in New York City’s Marble Hill neighborhood, and 39 franchise locations from New York to Florida.
“We’re an inspired organization, and it is reflecting in how our clients are gravitating towards us annually in larger and larger numbers,” said Rafael Alvarez, CEO and founder of ATAX, which he launched 30 years ago. “We have become the preferred provider of tax returns, bookkeeping and payroll services for our customers because of the way we treat them. Our service standards and high quality work are second to none.”
As part of the more than 16 percent overall increase in the number of returns prepared in 2015, the company also reported increases of:
- More than 19 percent in bank product returns
- More than 6 percent in corporate tax returns
These increases significantly surpass industry averages and those that many of the largest direct competitors have reported for 2015.
In addition to impeccable customer service standards and its rock-solid reputation for the quality of work it produces, ATAX is differentiating itself today with its year-round menu of offerings, including bookkeeping and payroll services for its small business clients.
Plus, ATAX’s advanced technology support systems are keeping it ahead of the curve in the industry. The accounting software partner that makes this possible for ATAX is Xero, ranked #1 by Forbes as the “World’s Most Innovative Growth Company.” In addition to the cloud accounting software, the relationship with Xero creates additional value for ATAX franchisees and their clients. Xero recently named ATAX its 2015 “Emerging Partner of the Year.”
These unique qualities have made ATAX an attractive option for individuals and small business owners from all generations, baby boomers to millenials.
Tax season success comes just a few months after the company first revealed an expansive franchise growth strategy that projects 100-plus total units open and in development in the next 20 months. ATAX locations are growing total revenues and year-round services provided at a clip of more than 10 percent higher than a year earlier. Additionally, ATAX has a significant number of new openings on the horizon in 2015.
Moreover, ATAX’s Alvarez recently noted that the preparation of returns and increases in revenue would continue to grow as more franchisees adapt and embrace the bookkeeping and payroll systems that are being implemented.
Founded in 1986, ATAX is three businesses in one – tax preparation for individuals and businesses, bookkeeping and payroll services. A one-source resource for all things financial, ATAX has nearly 30 years of success behind it. Widely recognized as a leader in financial services and franchising, ATAX has earned USA Today's “Top 50 Franchises for Minorities” last two years, Franchise Business Review’s “Best Low Investment Franchises” and “Best of the Best” honors, ranking in the top 200 of more than 3,000 U.S. franchise systems.
For more information about ATAX, please visit ATAX.com To inquire about franchise opportunities, visit www.ATAXfranchise.com.
All Points Public Relations
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