Liberty Tax service provided a glowing update on its 2011 tax season with news that it increased volume by 11 percent and revenues by 12 percent year-over-year.
Their gains outpaced those reported earlier this month by H&R Block. Block said that it grew volume by 5.7 percent. Overall, Block's fees dropped 2.2 percent, although they said that they made gains in the market of consumers with more complicated returns. That news bodes well for H&R Block Premium, a growing element in their portfolio which focuses on small business owners and middle-to-upper income clients.
Block seems to have hit on a new area of growth with its revamped online tax product.
Jackson Hewitt has an annual report for 2010, but no indication of their early season results.