HURST, Texas, Jan. 11, 2022
/PRNewswire/ -- Liberty Tax, a leading provider of tax planning and
financial solutions, will add tax debt resolution and more to its
suite of services in 2022 due to the acquisition of Chicago-based Community Tax LLC. Liberty Tax's
parent company, NextPoint Financial Inc. (TSX: NPF.U & OTC
Pink: NACQF), announced the acquisition of the fast-growing leader
in tax debt resolution and other related services at the start of
the new year.
"Community Tax is the perfect complement to the Liberty Tax
suite of services, expanding what our franchisees can offer
consumers and business owners," said Brent
Turner, CEO of Liberty Tax. "Having already successfully
offered its tax resolution services to Liberty customers, we are
now positioned as one of the largest tax debt settlement companies
in the U.S."
Founded in 2010, Community Tax quickly emerged as a leader in
the tax debt resolution industry by leveraging a unique two-phased
approach to resolving delinquent tax problems. Community Tax is a
true bilingual organization, with both English and Spanish speaking
team members across every organizational discipline. The company
has offices in Chicago,
Jacksonville, and Puerto
Rico.
"There's never been a better time to franchise with Liberty Tax
as we expand our service offerings to create as much growth
potential for franchisees as possible," said Jeff Stephenson, vice president of franchise
development. "The acquisition of Community Tax adds even more
lucrative products to the suite of services our franchise owners
can provide customers, giving them unprecedented revenue
opportunities. For those looking to diversify their portfolio in
the franchising space while increasing their earning potential, the
time is now."
The move showcases Liberty Tax is more committed than ever to
the integration of holistic financial services that benefit the
American consumer as well as small and medium business enterprises
not well served by traditional financial institutions.
NextPoint estimates its market opportunity includes over
30M SME businesses in the U.S. and
Canada, plus roughly 85M lower-income tax filers in the U.S. For more
information about Liberty Tax, its suite of services and franchise
opportunities, visit libertytax.com.
About Liberty Tax
Liberty
Tax, a portfolio company of NextPoint
Financial Inc. (TSX: NPF.U & OTC Pink:
NACQF), is a tax preparation service with more than 2,700
locations, and serves approximately 1.6 million consumer and small
business clients in the United
States and Canada.
Established in 1997, Liberty Tax is one of the nation's leading tax
preparation companies, with franchised locations in every major
metro area throughout the U.S. and Canada. For a more in-depth look,
visit Liberty Tax Service and on
Facebook.
About NextPoint Financial Inc.
NextPoint Financial
Inc. is an all-inclusive marketplace for financial services
empowering hardworking and underserved consumers and small
businesses. NextPoint was formed through the July 2021 combination of Liberty Tax, a leading
provider of tax preparation services, with LoanMe, an online lender
and loan marketer. NextPoint's revenue and financial performance
currently reflects the seasonality of its large tax preparation
business wherein the bulk of its revenue is generated in the first
and second calendar quarters of each year.
NextPoint's interim financial statements along with other
regulatory documents are filed on the System for Electronic
Document Analysis and Retrieval ("SEDAR") www.sedar.com
where they may be viewed by shareholders and other interested
parties.
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SOURCE Liberty Tax
