PR from Liberty Tax

Jackson Hewitt announced their fiscal 2010 results today. And, while they made a valiant effort to spin some things to look positive, overall the news was as we expected, very bad. In the financials that were posted on the internet today Jackson Hewitt’s auditors said “the uncertainty regarding the Company’s ability to have sufficient funding to meet its obligations raises substantial doubt about its ability to continue as a going concern.’ A company is required to disclose in their financials whether there are any factors that may put the company's status as a going concern in doubt. Clearly, this has happened to Jackson Hewitt.

Perhaps even more important is that Liberty Tax Service had a higher profit than Jackson Hewitt for the fiscal year which makes us #2 in profit and the fastest growing (21st Century) in the tax industry. An amazing accomplishment and we have you our franchisees and employees to thank. The coming tax season looks to hold a lot of opportunity for Liberty Tax Service so hang on and enjoy the journey.