{"id":10477,"date":"2011-06-29T17:44:57","date_gmt":"2011-06-29T21:44:57","guid":{"rendered":"https:\/\/www2.franchisegator.com\/articles\/?p=10477"},"modified":"2025-09-25T07:29:00","modified_gmt":"2025-09-25T11:29:00","slug":"liberty-tax-service-sits-down-with-franchise-gator-to-help-us-better-understand-the-tax-preparation-industry-in-general-and-liberty-tax-in-specific-10413","status":"publish","type":"post","link":"https:\/\/www.franchisegator.com\/articles\/liberty-tax-service-sits-down-with-franchise-gator-to-help-us-better-understand-the-tax-preparation-industry-in-general-and-liberty-tax-in-specific-10413\/","title":{"rendered":"Liberty Tax Service Sits Down With Franchise Gator To Help Us Better Understand The Tax Preparation Industry In General And Liberty Tax In Specific."},"content":{"rendered":"

What is Liberty
\nTax Service like and why is Tax Preparation a great industry to start
\na business<\/a> in today?<\/strong><\/p>\n

Liberty Tax is the fastest-growing retail tax preparation
\ncompany in the industry’s history, specializing in individual tax preparation
\nin over 3800 brick-and-mortar locations. Each office provides computerized
\nincome tax preparation and electronic filing options.\u00a0 Other services include audit representation,
\na money back guarantee, and free tax return checking.\u00a0\u00a0 Liberty Tax provides an online filing
\npreparation option for do-it-yourselfers through its eSmart Tax platform.<\/p>\n

An income tax
\nfranchise<\/a> is a business to start today because taxes are a certainty of
\nlife. There’s a ready market of taxpayers.
\nThis year over 60% of taxpayers will outsource the tax preparation task
\nto paid professionals, up from 51% in 1994.<\/p>\n

How has your
\nindustry changed in the last 10 years? 20 years?\u00a0 <\/strong><\/p>\n

Paying taxes remains a certainly of life, but filing
\nmethods, tax changes and evolving regulations are constantly affecting the tax
\nindustry.\u00a0 In the past 20 years, e-filing
\nrevolutionized the tax industry. It’s now the norm and most popular method of
\ntax filing due to its efficiency and speed.
\nThe IRS reported nearly 101 million e-filed returns during the latest
\ntax season, and almost one billion total returns have been filed since 1990.<\/p>\n

In the last ten years, do-it-yourselfers have embraced
\nonline tax preparation methods, creating the latest tax revolution.\u00a0 The tax industry is undergoing more imposed
\nregulation of tax preparers by the IRS with new certification procedures.<\/p>\n

What trends do you
\nsee in the tax preparation industry over the next 5 years? Next 10 years?<\/strong><\/p>\n

More IRS regulations of tax preparation firms and tax
\npreparers, more banking regulation, and more online and filing options.<\/p>\n

What is the
\nbiggest concern about the Tax Prep industry that a franchise candidate should
\nbe aware of and investigate?<\/strong><\/p>\n

One of the biggest concerns is the increasing IRS
\nregulation of tax preparers and how the tax companies are phasing this into
\ntheir operations.<\/p>\n

Why do you think Liberty
\nTax stands out in the industry? <\/strong><\/p>\n

In the last 14 years, Liberty Tax Franchise<\/a>
\nhas emerged from a start-up company to the fastest growing tax company in the
\nindustry’s history.\u00a0\u00a0 As Liberty’s brand
\nrecognition increased, our company gained accolades for our affordable
\nfranchise opportunity, commitment to customer service and unique culture.\u00a0 Factors of our continued success include:<\/p>\n