Toggle navigation
Liberty Tax, Inc.-- Who are they and What do they use


Although now the third biggest tax preparation franchise in the United States, helping individuals and small companies with their income tax return, Liberty Tax, Inc. started two decades ago in Canada.


In 1997, American John Hewitt acquired U & R Tax Depot, a Canadian tax franchisor, which then became Liberty Tax Service in 1998, opening 5 workplaces in the United States.


This company uses its services and products through a network of company-owned offices and franchised places:


  • Liberty Tax
  • Liberty Tax Service
  • Liberty Income Tax
  • Liberty Canada
  • SiempreTax+ brand


Exactly what is franchising?


By definition, it is a continuing relationship in which an owner or franchisor offers a licensed privilege to the associated dealerships or franchisee. This relationship implies they operate and offer support in organizing, training, merchandising, marketing and managing in return for a monetary consideration.


Franchising is a type of marketing by which the franchisor of a approach, service or item obtains distribution through its franchisees. If buying an existing company doesn't sound right for you, and starting from scratch seems a bit intimidating, you might be suitabled for franchise ownership.


Mainly, a franchisee pays an initial fee and continuous charges to a franchisor. In return, the franchisee acquires making use of a hallmark, the right to utilize the franchisor's system of operating, continuous support from the franchisor, and sell its service or products.


Besides, there are many advantages of franchising rather than business owners forming a start-up organisation. As a brand-new franchisee, you can avoid the errors of newbie entrepreneurs make due to the fact that the franchisor has already perfected day-to-day operations through trial and error.


Of course, you shouldn't rely solely on these advertising products to make your decision. Start by visiting your library or going online to look up all the publication and paper short articles you can discover about the business you're thinking about.


These are all of the details you'll have to gather to examine a franchise will be gotten through the following:

  • Interviews with the franchisor
  • Interviews with existing franchisees
  • Evaluation of the franchise's Uniform Franchise Offering Circular (UFOC).
  • Review of the franchise arrangement.
  • Audit of the franchise's audited monetary statements.
  • An earnings-claim declaration or sample unit income (profit-and-loss) declaration.
  • Trade-area surveys.
  • Paper or publication short articles about the franchise.
  • A list of the franchisor's current properties and liabilities.
  • A list of present franchisees.

Through your substantial research study, you want to discover the following:.

  • If the franchisor as well as the current franchisees-- are profitable..
  • If it has nationwide versatility..
  • Whether it has excellent public approval.
  • How great are the monetary controls of your business are.
  • What its unique selling proposition is.
  • How well-organized the franchise is.
  • What is the commitment and stability of the franchisor are.
  • If the money requirements are reasonable.
  • If the franchisor has a monitoring system.
  • If the franchise is trustworthy..
  • Exactly what is the success ratio in the market.
  • Which items are proprietary and should be purchased from the franchisor.
  • What sort of direct exposure did franchise received and the general public's reaction to it.

Another alerting indication is if the franchisor asks you to sign a disclaimer mentioning you haven't relied on any representations that are not in the written agreement. Such a requirement might suggest the franchisor doesn't want to be held accountable for claims made by its sales representatives.

Why should you choose a Liberty Tax Franchise?


Liberty Tax facilitates refund-based tax settlement financial items such as refund transfer products, refund-based loans, personal earnings tax refund discounting. They likewise supply an online digital Do-It-Yourself tax program in the United States.


This business has low start-up expenses and the certainty of taxation. Liberty Tax Service provides a service franchise opportunity that's developed in the American lifestyle.


The Liberty Tax Team benefits from training and ongoing support in operations, marketing, tax and technical support. The head office and management personnel have more than 600 years experience in the tax market.

The company's product or services consist of the following:

  • Assisted Tax Preparation Providers: Consumers may choose to check out from more than 4,000 areas in the United States and Canada.
  • Online Tax Filing Services: Customers may pick from one of the companies online websites:

Liberty Tax Online: tax preparation software application with EZ, Fundamental, Luxurious and Premium editions for easy returns, families, financiers and small company owners, respectively. If the individual runs into an issue requiring professional assistance, the difference from eSmartTax.com is the ability for consumers to continue submitting the return at a Liberty Tax office.


eSmartTax: totally free (basic) and fee-based (deluxe and premium) editions for homeowners and small business owners, respectively.


DIY Tax: complimentary portal for simpler tax returns


HealthcareTaxInfo.com: focuses on supporting consumers with Affordable Care Act compliance.

  • IRS Authorized Course Supplier: performs training for tax professionals with basic and sophisticated courseware to preserve expert proficiency.


Awards and accomplishments


  • Forbes "Leading 20 Franchises for the Dollar" in 2012. On October 28, 2011, a flash mob of costumed Woman Liberty's danced in Times Square to promote Liberty Tax Service and celebrate the anniversary of the Statue of Liberty. It is also popular for its wavers, Statue of Liberty outfits and Uncle Sam costumes, utilized as a type of marketing.
  • The company was awarded by the Business owner publication as one of the very best franchise chances because 1998. In June, G.I. Jobs called Liberty Tax Service on its list of "Military Friendly" franchises.
  • Olive Tree Publishing, Inc., the publisher of the Black EOE Journal, the Hispanic Network Magazine, and the Professional Woman's Publication announced that Liberty Tax Service had been recognized in their publications the past 3 years. It is the only tax service that was consisted of on the list of "25 Leading Franchises for Hispanics" published by Poder, formerly Hispanic Business publication in 2006, 2007, 2009, 2010, and 2011.


Liberty Tax, Inc., together with its subsidiaries, provides tax preparation services and services in the United States and Canada.