Franchise Talk

Liberty Tax Offers Recession-Proof Franchise Opportunity

November 5th, 2008 | Author: Jack

Corporate layoffs could soar as much as 37% in 2008, predicts Career Protection, the leading national provider of employment negotiations. With movement continuing out of America’s corporate doors, it’s encouraging that a franchised business is opening every eight minutes. Forced retirement, job cutbacks, and economic uncertainty all point to a safety net of a recession-proof franchise opportunity. Liberty Tax franchising is that opportunity, combining the certain product of income tax preparation and affordable start-up costs.

The tax industry features a growing market of taxpayers. Approximately 62% of them will outsource the tax preparation task to paid professionals, up from 51% in 1994. All of these factors are why, in eleven years, Liberty Tax Service has accelerated its presence in the industry as the fastest growing international tax service ever, with 2700 offices in the US and Canada. Liberty Tax franchising is a fit with various life scenarios: keeping a day job while starting a franchise, entry into the tax business with little or no experience, and the challenge of a busy seasonal business with a bonus of extra summer family time,.

Liberty Tax and its CEO John Hewitt are garnering many accolades for a superlative franchise opportunity that welcomes a diverse America to join its ranks. Hewitt has 39 years of tax industry experience, the most of any CEO in the tax preparation business. He is the only founder of two franchises that Entrepreneur magazine has ranked in the top 25 of their Franchise 500: Liberty Tax Service and Jackson Hewitt Tax Service. Hewitt is very accessible to employees and franchisees and is always in the forefront of system operations.

“Our franchisees continue to be the cornerstone of our success. For the sixth year in a row, Liberty grew by more returns (raw numbers) than H&R Block and Jackson Hewitt combined,” noted John Hewitt. “We are focused on providing an affordable opportunity for new franchisees, and great support so that our existing franchisees can add additional offices. These key factors will allow us to open a projected 400 new offices for tax season 2009.”

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