Liberty Tax Service is fastest growing branded tax service of the season. Between January 1 and March 31, 2005, the company has opened 311 new offices. In addition Liberty Tax Service has realized a 35 percent increase or prepared 142,000 more tax returns than in the same period last year.
Liberty Tax Service was named âLeader in Taxâ in the March issue of Accounting Today magazine. The January 2005 issue of Entrepreneur magazine ranked Liberty Tax Service 15th on its annual Franchise 500 list.
Liberty Tax Service is the brainchild of founder and CEO John T. Hewitt. The same John Hewitt who founded Jackson Hewitt Tax Service in 1982 and who has been named one of the accounting profession's 100 most influential people for four consecutive years by Accounting Today magazine. Hewitt left Jackson Hewitt, now the second largest tax service, in 1996. He opened the first Liberty Tax Service office in Canada in September 1997. Two years later, in 1999, 35 Liberty Tax Service offices were opened in the United States. Today, there are 1735 Liberty offices throughout the United States and Canada.
âClearly, Liberty Tax is demonstrating the ability to continue on a solid course of controlled growth in number of offices with an increase in returns prepared,â John Hewitt told BusinessWire. âWe have already accomplished growth our major two competitors [H&R Block, Jackson Hewitt] haven't seen in their first eight years. The Liberty team is tenacious, never losing sight of our ability and goal to dominate this industry.â