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Instant Tax Service history
Instant Tax Service company history timeline
1982: John Hewitt and investor group buy six-location Mel Jackson's Tax Service.
1986: Franchising of Jackson Hewitt offices starts.
By the end of 1990 the company had made a return to profitability, however, and eventually opened more locations in Ward stores.
1992: The firm goes public on the NASDAQ exchange.
The firm soon began making plans to go public, which took place in January of 1994 on the NASDAQ exchange.
In early 1994 Jackson Hewitt made a deal to set up offices in some Sam's Club stores on a trial basis.
The 1997 total included 300 new locations inside Wal-Mart stores, where there were now 500 Jackson Hewitt offices chainwide.
A total of 1,000 new offices were added by the start of the 1999 tax season, bringing the company up to a total of nearly 3,000.
1999: The rate of expansion increases; the company sells its remaining sites to franchisees.
The company reported that it had handled a record 2.2 million returns during the 2001 tax season.
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Instant Tax Service competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Machen McChesney | 1954 | $5.6M | 48 | - |
| Colbert/Ball Tax Service | - | $2.5M | 102 | - |
| Community Tax | 2010 | $13.0M | 158 | 9 |
| Jackson Hewitt | - | - | 305 | 2,585 |
| Liberty Tax | 1997 | $65.0M | 386 | 169 |
| Amscot | 1989 | $350.0M | 2,000 | 14 |
| The Financial Clinic | 2006 | $740,000 | 50 | - |
| Accounting Aid Society | 1972 | $5.0M | 100 | - |
| Accutax, Inc. | - | $1.3M | 25 | - |
| Hassle Free Taxes | 2013 | $5.2M | 375 | - |
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