Jackson Hewitt Tax Service Inc

Jackson Hewitt Tax Service Inc provides tax preparation services for individuals and small businesses across the United States, focused on simplifying tax processes and maximizing client refunds. Founded in 1982 in Sarasota, US, Jackson Hewitt Tax Service Inc specializes in tax preparation services. The company has engaged in four notable deals, the latest being in October 2023. The leadership team includes CEOs Alex Ashtiani, Gerry Toro, Gregory Macfarlane, and Jim Fisher.

Jackson Hewitt offers comprehensive tax preparation services for both individual consumers and small businesses in the United States. Their services include in-person tax preparation, online filing options, and assistance with specific tax issues such as amendments and late filings. The company aims to simplify the tax filing experience for its clients while ensuring they maximize their refunds by thoroughly identifying applicable credits and deductions. Jackson Hewitt operates in various metropolitan and suburban markets, including locations in Walmart stores and standalone offices.

In the most recent year, Jackson Hewitt Tax Service Inc reported revenues of USD 213. 76 mn and an EBITDA of USD -234. 31 mn. Their revenue model relies on transactional fees for tax preparation services, which vary based on the service complexity, from standard filings to more intricate tax matters such as IRS audits.

In October 2023, Jackson Hewitt Tax Service Inc secured a senior secured debt facility from Backcast Partners to support its refinancing and growth strategies. The company intends to utilize this funding to enhance its service offerings and expand into new markets, though specific markets and timelines for expansion have not been detailed.