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Liberty Tax Franchise

Liberty Tax, Inc.-- Who are they and Exactly what do they use

Liberty Tax Franchise
Although now the 3rd biggest tax preparation franchise in the United States, helping people and small businesses with their income tax return, Liberty Tax, Inc. began two decades back in Canada.

In 1997, American John Hewitt acquired U & R Tax Depot, a Canadian tax franchisor, which then became Liberty Tax Service in 1998, opening 5 workplaces in the United States.

This business provides its product and services through a network of company-owned workplaces and franchised locations:

  • Liberty Tax
  • Liberty Tax Service
  • Liberty Income Tax
  • Liberty Canada
  • SiempreTax+ brand names

Exactly what is franchising?

By definition, it is a continuing relationship where an owner or franchisor provides a licensed opportunity to the affiliated dealerships or franchisee. This relationship implies they do business and offer assistance in organizing, training, merchandising, marketing and managing in return for a financial factor to consider.


Franchising is a kind of marketing by which the franchisor of a service, product or technique  obtains distribution through its franchisees. If buying an existing business doesn't sound right for you, and starting from scratch seems a bit intimidating, you could be suitabled for franchise ownership.


Mainly, a franchisee pays a preliminary charge and continuous fees to a franchisor. In return, the franchisee gets using a hallmark, the right to utilize the franchisor's system of working, continuous assistance from the franchisor, and offer its service or products.


There are numerous advantages of franchising rather than entrepreneurs forming a start-up service. As a brand-new franchisee, you can prevent the errors of beginner business owners make due to the fact that the franchisor has actually currently improved daily operations through trial and error.


Of course, you shouldn't rely solely on these advertising materials to make your decision. Start by visiting your library or going online to look up all the publication and newspaper articles you can discover about the company you're thinking about.

These are all the info you'll need to gather to analyze a franchise will be acquired through the following:

  • Interviews with the franchisor
  • Interviews with existing franchisees
  • Examination of the franchise's Uniform Franchise Offering Circular (UFOC).
  • Review of the franchise arrangement.
  • Audit of the franchise's audited monetary declarations.
  • An earnings-claim declaration or sample system income (profit-and-loss) statement.
  • Trade-area surveys.
  • Newspaper or magazine short articles about the franchise.
  • A list of the franchisor's current possessions and liabilities.
  • A list of existing franchisees.

Through your extensive research, you wish to find out the following:.

  • If the franchisor as well as the existing franchisees-- are rewarding..
  • If it has nationwide versatility. 
  • Whether it has good public acceptance.
  • How great are the monetary controls of your organisation are.
  • Exactly what its unique selling proposition is.
  • How well-organized the franchise is.
  • Exactly what is the dedication and integrity of the franchisor are.
  • If the cash requirements are reasonable. 
  • If the franchisor has a monitoring system..
  • If the franchise is credible. 
  • Exactly what is the success ratio in the industry.
  • Which goods are exclusive and need to be purchased from the franchisor.
  • What kind of exposure did franchise received and the public's response to it.

Don't be shy about asking your franchisor for the required materials. They'll be examining you out just as totally. If they aren't, that ought to be your warning bell. Another cautioning indication is if the franchisor asks you to sign a disclaimer stating you sanctuary't relied on any representations that is not in the composed arrangement. Such a requirement might show the franchisor doesn't wish to be held responsible for claims made by its sales representatives.

Why should you pick a Liberty Tax Franchise?

Liberty Tax assists in refund-based tax settlement monetary items such as refund transfer products, refund-based loans, personal income tax refund discounting. They likewise supply an online digital Do-It-Yourself tax program in the United States.


This business has low start-up expenses and the certainty of taxation. Liberty Tax Service uses an organisation franchise opportunity that's developed in the American lifestyle.

The Liberty Tax Team benefits from training and ongoing support in operations, marketing, tax and technical assistance. The head office and management staff have over 600 years experience in the tax industry.



The company's product or services consist of the following:


Assisted Tax Preparation Solutions: Consumers may decide to check out from more than 4,000 locations in the United States and Canada.


Online Tax Filing Services: Customers might choose from among the business online sites:


  • Liberty Tax Online: tax preparation software application with EZ, Standard, Deluxe and Premium editions for basic returns, households, financiers and small business owners, respectively. The distinction from eSmartTax.com is the capability for customers to continue filing the return at a Liberty Tax office if the person faces a problem requiring expert support.
  • eSmartTax: complimentary (standard) and fee-based (deluxe and premium) editions for property owners and small company owners, respectively.
  • DIY Tax: free website for easier tax returns
  • HealthcareTaxInfo.com: focuses on supporting customers with Affordable Care Act compliance.


Internal Revenue Service Approved Course Supplier: performs training for tax professionals with sophisticated and fundamental courseware to preserve expert proficiency.


Awards and accomplishments


  • Forbes "Leading 20 Franchises for the Dollar" in 2012. On October 28, 2011, a flash mob of costumed Lady Liberty's danced in Times Square to promote Liberty Tax Service and commemorate the anniversary of the Statue of Liberty. It is also well known for its wavers, Statue of Liberty costumes and Uncle Sam outfits, used as a kind of marketing.
  • The business was awarded by the Entrepreneur publication as one of the very best franchise chances because 1998. In June, G.I. Jobs called Liberty Tax Service on its list of "Military Friendly" franchises.
  • Olive Tree Publishing, Inc., the publisher of the Black EOE Journal, the Hispanic Network Magazine, and the Professional Female's Publication announced that Liberty Tax Service had actually been recognized in their publications the past three years. It is the only tax service that was included on the list of "25 Leading Franchises for Hispanics" published by Poder, previously Hispanic Enterprise publication in 2006, 2007, 2009, 2010, and 2011.
Liberty Tax, Inc., together with its subsidiaries, provides tax preparation services and services in the United States and Canada.



Dan Castellini: Success from a Multi-Unit Liberty Tax Franchisee into Becoming a Franchise Coach

Corporate starts set the Stage for success:

daniel-castellini-liberty-tax-profile
Over the next 5 years, Dan worked himself through the ranks landing him as a Youth Market Supervisor. In this % year mark, Dan started to desire something more and desired to get into a position where he might start to see the inner operations of an organisation and how each part made it all run.


Daniel quickly discovered a position with the Scotts - Miracle Grow Company and was called Regional Sales Supervisor. Once again, working himself through the ranks over the course of 5 years, he presumed the position of Secret Accounts Supervisor. This position enabled Dan access to the CEO, developing sales teams, mergers and also the procedure behind layoffs. Enjoying this happen, once again got Dan's mind looking to his and his household's future. Seeing individuals laid off just as their preparing to retire, and additionally losing their 401K to the stock exchange caused rather a desire to exit this career course and find a new one. One that Dan Castellini eventually had control of, where he would be generating income for his family and future.



Liberty Tax Franchisee: How everything Started

On a flight from Florida back home, Daniel saw a Wall Street Journal and began browsing through its pages. Dan came across an article about investing and because short article was an ad for buying a Liberty Tax Service franchise. While reading the Liberty Tax post, Dan began to remember some key points in a book he read "Cash Flow Quadrant" by Robert Kiyosaki, and it had actually mentioned franchising. More captivated now, Dan Castellini decided he would telephone and see exactly what Liberty Tax Service had to provide him. His only appointment: Exactly what do I even ask? How do I begin? What actions do I take? Is this even an excellent franchise to buy?


All worry and stress and anxiety aside, Daniel made the initial call. After this call and another one with the CEO, John Hewitt, he made the journey out to Liberty Tax Service home offices in Virginia Beach. He had the ability to fulfill some existing Liberty Tax Service franchisees and explore some franchise places and get a great feel for the everyday operations of a Tax operation. Daniel had a follow-up telephone call with his specialist and they talked about the opportunities Liberty Tax Service had and the possibility of opening multiple places, which Dan hadn't even thought about however fit his desire to be a business owner and not self-employed.

Expanding business by Entrusting:

In January of 2004, Dan's first Liberty Tax Service location opened. Daniel Castellini was still working his business task so he needed to hire a supervisor to supervise the everyday operations, as he was unable to be present other than appearing on the weekends and speaking over the phone with his manager during the week.


Dan's very first year was an excellent expert success so then the next year he opened 3 more Liberty Tax Service places. After the next 2 tax seasons, Dan was able to step far from his Business America task and be the full-time business owner he wished to be. This enabled him to grow from 4 Liberty Tax Service offices to 16 Liberty Tax Service offices over the next few years. Dan Castellini even was and earned the title called Franchisee of the Year from the International Franchise Association (IFA) in 2007.

Flexibility from the day to day permitted time for new endeavors:

In the midst of his Liberty Tax success, Dan started to hear about other franchise chances and started to invest in other brand names in different industries all at once. Since his Liberty Tax operation was semi-absentee and Daniel had a management personnel running his areas, this permitted him the time to look for up and coming brand names.

Dan Castellini has owned 4 various expert franchise brand names, recently selling his Liberty Tax Service locations and continuing to move into a variety of various markets from health care to appeal. You can read more about this on Dan Castellini's The Franchise Life site.

Story From Franchise Times:

CORPORATE MAN GONE ROGUE:

How Daniel Castellini Realized his True Calling

dan-castellini-liberty-tax-franshises
Retire by 40:


It seems as if life changing moments only happen when an A-list actor is on the 22 ft x 52ft screen in an exotic location, alongside an even more exotic companion. However Daniel Castellini had one of these awe-inspiring moments when he opened a Wall Street Journal left in his seat when traveling

“if I wanted to retire in my 40’s, and really enjoy my life there was no way I was going to do it by remaining within the confines of corporate America alone.” Said Daniel, a former division manager for Coca-Cola Company.  “I knew I needed to invest my talents and time into other form of cash flows.  Most of the research I had conducted boaster the success rates of franchises vs start-up companies, which seemed more closely aligned with my risk tolerance.”


A Dream finds it road:


Then Lo and behold, staring up at  him from the inner pages of the Business Section of the Wall Street Journal, conveniently left in his seat, was an advertisement for Liberty Tax Service looking for new franchisees. Daniel took this as a sign, contacted Liberty Tax Service and met with John Hewitt.


“I instantly connected with the company ideals”. said Daniel Castellini.

“Be the CEO of your business, leverage the labors of other, learn to delegate and execute were all things I thoroughly believed in.  I was Also Instantly take by the culture of the company and knew it was the right place for me.”


The Journey of Professional Success:


For the last 10 years, Daniel Castellini has worked as a Liberty Tax franchisee and titled a Top Gun every year. He oversees 12 Liberty Tax offices and has approximately 175 employees during the tax season, which was a major change from his corporate position.


“Owning my own business and being a part of the unique and unmatched culture has truly changed my outlook and understanding about what is possible in both my life and Business,” Said Daniel Castellini.  “ This experience has changed every aspect of my life, from shattering simple beliefs I have carried from childhood, to the exposure of successful people their similarities as well as their differences in philosophies.” Daniel Castellini has come to the solid conclusion that evaluation of self, business, and those who surround you can help reposition your direction and move you toward your desired outcome.

Freedom From Money = Time!


I have spent a number of my years trying to reach a point in my life where money was no longer a concern, and I have finally reached it,” said the father of 2. “ for now my goals consist of growing my existing operation, improving our level of service, increasing our referral business and consummating my existing organization to thrive and grow with limited interaction from myself.”


This last decade for Daniel Held Many Magic Move Moment, as well as personal ones that have helped him realize his abilities, vision and impact as a franchisee and Top Gun.


“ You Will never succeed if you do not believe you can,” said Daniel Castellini, when describing his philosophy toward his new found passion and business outlook. “The rest is a matter of execution and exemplifying your confidence to others.  People need to trust the person they follow, and know that they will lead them down the correct path. Remember, you are more than a CEO, you are a leader.”

Dan Castellini In The News:



Liberty Tax Multi System Owner Operator:

liberty-tax-logo
Daniel Castellini, Liberty Tax Franchisee Talks honestly about the challenges of Multi Unit ownership.

It seems as though it was so fresh in Daniels mind as he closed his eyes and sat silent for a minute when I asked him to take us back to the day when he chose to go from one Liberty Tax Location to 4.

" Well it was the scariest thing I think I have done to this day in my profession," I thought beginning my very first franchise at the age of 26 was scary up until I decided simply 6 months later that I was going to open 4 more the list below year." Fortunately, Castellini says" I had a terrific franchisor who had assisted numerous others do this very same thing countless times." That provided Daniel excellent convenience understanding that he had a team of well-experienced leaders to direct and assist him prep for what would end up being simply the start of a decade of growth.

Being Prepared, Seek Insight from individuals have done what you will do:

" I keep in mind asking the CEO John Hewitt, How in the world am I going to control what goes on in 5 locations at the exact same time?" He recalls the CEO who constantly choose his words sensibly looking back and saying." well there are two huge mistakes that I've seen franchisees make when expanding,

1. Owners concentrate on the first area. (it 's their infant and they can ' t appear to let it go).

They provide it more attention than it needs which deprives the new locations of the attention they require. This is exactly the reverse of what you ought to do. You must trust the staff at the first site to do their job after all if you developed it right the previous year( s) then you need not fret, they already know how to run it just fine.

2. Delegation is the Biggest illness dealing with most business executives today.

Train and manage your team, do not ever assign yourself a duty with-in the company. Do not Ever put yourself on a schedule. Permit yourself the liberty to focus on business and become a terrific leader/ CEO.

As he leans back in his chair, Daniel Castellini states in an animated voice. "Ok John, so that's it, Don't fret about the very first store and do not do anything myself, ensure everybody else does all the work, Sounds simple enough to me john." Scoffs Castellini in a sarcastic voice! Daniel confesses he was more than a little anxious about the venture that it ended up that along with solid preparation and planning the advice was sound suggestions.

Read Books by authors that have really done it:.

The book outlines the issue the Bakeshop had once it got so popular that the owner could no longer keep up with the demands of a growing organisation due to the truth that the baker would not permit anybody else to bake since that was Her specialty. The ethical if the story focuses around delegation and leadership, precisely what John had shared, recalled Castellini.


Daniel remembers entering into that tax season a well ready however a ball of nerves. Not only was he going thru was is touted as the most tough shift in franchising growing from one to several places. At the same time he still had his commitment to his corporate career which Dan was devoted to still give 100% to.

Execute, Change and assess:.

It all turned out well and great for Daniel Castellini, He recalls going to the annual Liberty Tax Service Convention that year and receiving many awards for Development, Culture & Management." Recalling now the recommendations I was offered by Liberty Tax Service management was spot on. Growing from your fist area to your second still works as one of the most challenging experiences to this day in my Franchisee Career!". Refining Systems & Processes:.

Daniel Castellini Liberty Tax Service Franchisee:.

" I'll never forgets the well-known quote from John Hewitt"." Simply Follow The System!" From the very beginning of his franchise experience this offered him convenience. Daniel remembers John also constantly stated & generally just after saying just follow the system, "However a lot of everyone doesn't do it, they do not listen to their parents, their consultants, the therapists heck individuals will not even listen to God, so I understand they won't listen to me when I say follow the system".


" I keep in mind simply believing to myself well if that's all it takes, im going to switch off 1/2 of my brain and simply follow the strategy." Said Dan Castellini.