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Jackson Hewitt: Good Tax Season

Jackson HewittJçackson Hewitt was the only one of three national tax store chains reporting significant growth in the number of returns prepared. The Parsippany, N.J.-based franchisor said total returns were up by nearly 3 percent, although the same store assisted returns were up by only .5 percent. And all totals reported indicate Intuit's TurboTax won the recent consumer tax season in a rout.

Privately held Jacison Hewitt said its revenue was up by 7.4 percent over the prior tax season while same store sales grew by 3 percent. That compares to an increase of returns of less than 1 percent each for H&R Block and Liberty Tax.

With total returns rising by only .8 percent for the season, while the number of self-prepared returns increased by 5.9 percent for the season through April 17, the numbers indicate Intuit was the big winner, apparently gaining marketshare against all competitors.

Intuit reported it ended the tax season with an 8-percent rise in the number of federal TurboTax units sold. That stemmed from a 13-percent increase in the number TurboTax Online units sold.

 

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