Jackson Hewitt Prepares More Tax Returns in 2005
Jackson Hewitt Tax Service Inc.’s national network of franchised and company-owned offices prepared 3.3 million tax returns during the fiscal year that ended on April 30, 2005. That is a 5.9 percent increase over the previous year. Revenue per return also increased by 6.7 percent during the same period. Sales of financial products increased 11 percent during fiscal year 2005. A total of 3.1 million financial products, including 1.2 million refund anticipation loans.
“We are very pleased with the strength of our business franchise model and the ability of our franchisees to react to the competitive environment and the industry-wide late start of the tax season,” said Michael Lister, Chairman and Chief Executive Officer of Jackson Hewitt. “We appreciate that more customers are finding value in the Jackson Hewitt tax preparation experience.”
Jackson Hewitt is the nation’s second-largest tax preparation company. They ended fiscal year 2005 with 5,484 locations including 4,871 franchise locations and 613 company-owned locations.