Liberty Tax Service

Every year, Americans are faced with the prospect of tax return preparation. Although many will try to go it alone, every year more turn to a tax consultant like Liberty Tax. Our goal is to provide the feeling of a personal tax consultant alongside the security, confidence, and protection that a large company can provide.

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Liberty Tax Service

Liberty Tax Service Franchise Cost and Requirements for 2024

Background

Tax franchise opportunities at Liberty Tax Service are built on unmatched customer service, extraordinary franchisee support and a small business opportunity created by the "Granddaddy of Taxes." Liberty is America's Tax Service offering computerized tax preparation and accounting business opportunities at every office.

A veteran of 46 tax seasons, CEO John Hewitt has built the fastest growing tax service in all the land, sold it, and is currently doing it all over again with Liberty Tax. With Liberty, he is building not only a thriving tax franchise, but something even more important: a culture of best business ideas that allows entrepreneurs to thrive.

Accounting Today magazine has named Hewitt, a former H&R Block Regional Director, one of the accounting profession's Top 100 most influential people 11 times. The International Franchise Association honored Hewitt as its Entrepreneur of the Year in February 2006.

Accounting Today named Liberty Tax to its "Top Tax Firms" list from 2010 through 2014. Liberty Tax Service has been ranked as one of the top franchise opportunities on Entrepreneur magazine's annual Franchise 500 every year from 1998 to 2015. Liberty Tax Service is the only tax franchise on the Forbes magazine's "Top 20 Franchises for the Buck" (2012).

Our tax preparation franchise has consistently been recognized as a leader among all franchises, not just tax preparer opportunities. We have been awarded a top spot among franchises by magazines such as Black Enterprise, Poder/Hispanic Enterprise, and Military Times Edge.

Currently, there are more than 4,300 Liberty Tax Service offices operating in the United States and Canada, where we operate as Liberty Tax Service Canada. Our goal is to become the #1 tax service in the universe by 2020. Culture and giving back drive that vision.

Company Details

Established: 1997
First Unit Franchised: 1998
Franchised Units: 2,300
Company Owned Units: 180
States: 50
Canada Franchises: Yes
International Franchises: No

Support and Training Offered By Liberty Tax Service

Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Co-Operative Advertising: Yes


Training: Every new franchisee completes our Initial Owner's Training (IOT) and our Interactive Guerilla Marketing training. Both trainings are designed to set each new franchisee up for success. We offer a variety of comprehensive trainings for existing franchisees year round.

2024 Franchise Requirements Needed to Own a Liberty Tax Service Franchise.

What does a Liberty Tax Service Franchise Cost?

Liberty Tax Service franchise fees for 2024:

Capital Investment: $65,000 - $80,000
Initial Franchise Fee: $20,000 -  $40,000 for single unit
Discounts available for multi unit purchases 

 

Royalty: 14%
Ad: 5%
Item 19: No
SBA Approved: Yes
Passive Ownership: Yes
Home Based: No
B2B: No
Master Franchise Opportunities: No

Discounted Initial Franchise Fee of $15,000: Veterans and First Responders

Discounted Intiial Franchise Fee of $15,000: Enrolled Agent, CPA, and Licensed Insurance Agents

Is Liberty Tax Service a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. Liberty Tax Service is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is Liberty Tax Service a Home Based franchise?

No. Liberty Tax Service is not a home based franchise opportunity.

What Do Liberty Tax Service Franchise Owners Make?

This information is not available. Liberty Tax Service does not offer an Item 19 in their Franchise Disclosure Document.

Is Liberty Tax Service a Master Franchise Opportunity?

No. Liberty Tax Service is not a master franchise opportunity.

Does Liberty Tax Service Offer a Veteran Discount?

Yes. Liberty Tax Service franchise does offer a veteran discount.

Does Liberty Tax Service Work with E2 Visa and EB-5 Visa Candidates?

No. Liberty Tax Service franchise does not work with E2 Visa and EB-5 Visa candidates.

Is Liberty Tax Service Looking for Franchisees in Canada?

Yes. Liberty Tax Service franchise is looking for Canada franchisees.

Is Liberty Tax Service Looking for International franchisees?

No. Liberty Tax Service franchise is not looking for International franchisees.

Where can I see Liberty Tax Service's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Financial Services, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

$50,000 - $100,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

No

Veteran Discount

No

B2B

Yes

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

No

E2 Visa Franchise

No

Liberty Tax Service Franchises for Sale

Click Here to inquire about existing Liberty Tax Service franchises for sale. We may have Liberty Tax Service franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.