Liberty Tax Service Releases Tax Season Numbers Through February 15
(Virginia Beach, VA) With the tax season well underway, Liberty Tax Service reports a 10.2% increase in the total number of tax returns filed as of February 15, 2010, and a 28.1% increase in revenue generated. Same store sales show a 3% increase in returns, and a 21.2% increase in revenue. Net fees are up 16%. Liberty Tax added 350 new locations during the past year, and has a total of 3512 brick-and-mortar locations in the United States and Canada.
“In spite of recessionary times, Liberty Tax has demonstrated our ability to continue growing our brand and offer customers affordable filing options,” 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 ever, having also founded Jackson Hewitt Tax Service (NYSE:JTX). His industry tenure includes 12 years at H&R Block (NYSE:HRB).
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.”