Published: February 01, 2011
Early Tax Results Show Growth for Liberty Tax Service
VIRGINIA BEACH, Va. - (BUSINESS WIRE) - With many indications showing that the Internal Revenue Service is
behind in the number of tax returns filed so far this year compared to
last year, Liberty
Tax Service today reported positive growth in every area of standard
industry measurements. Since it was founded in 1997, The Company has
demonstrated explosive growth in an industry formerly dominated by tax
giant H&R Block (NYSE:HRB),
and Jackson Hewitt (NYSE:JTX).
Liberty Tax now operates 3,800 offices in the United States and Canada.
Despite bitter snowstorms, and the fact that many forms such as the Schedule
A to report itemized deductions can't be filed until February 14,
Liberty Tax is up 17.9% in the number of tax returns filed through
January 31, and revenue has risen 18.7% from this time last year. Same
store sales have increased 13.1%.
"Our company continues to exhibit solid growth across the board," stated
John Hewitt, President and Founder of the nation's fastest-growing tax
service. "We believe the economy is slightly better than a year ago, and
the payroll tax rebate has increased consumers' take home pay. Many
people are not hurrying to file as they did last year. Yet, Liberty is
surpassing last year's numbers."
Liberty Tax is the only tax preparation company on the Forbes
magazine's list of "Top 20 Franchisors" announced last week.
About Liberty Tax Service
Liberty Tax Service is the fastest-growing retail tax preparation
company in the industry's history. Founded 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 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.
Liberty Tax Service provides computerized income tax preparation,
electronic filing, and online filing through eSmart Tax. Each office
offers customers audit assistance, a money back guarantee, and free tax
return checking. The Liberty
Tax Franchise opportunity is #1 in the category of tax
preparation on Entrepreneur magazine's "Franchise
500" for 2011.
Liberty Tax Service CEO John Hewitt is available to interview. Contact
Martha O'Gorman at (800) 790-3863 ext. 8022.

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