Turnaround, Or Sale?

Davis, Avram
June 2009
Mergers & Acquisitions Report;6/8/2009, Vol. 22 Issue 23, p15
The article deals with the uncertainty facing Jackson Hewitt Tax Service Inc., a Parsippany, New Jersey-based tax preparer, in its efforts to stage a corporate turnaround. It relates that the company has posted a 12.9 percent decline in revenues. It highlights the similarities and differences in the turnaround case of Jackson Hewitt and Charlotte Russe. Some of the strategic options being considered by Jackson Hewitt include a possible sale, adding new directors and reviewing candidates suggested by its shareholders.


Related Articles

  • Jackson Hewitt Acquisition Push.  // Practical Accountant;Jun2000, Vol. 33 Issue 6, p8 

    Reports on Jackson Hewitt's unveiling of a program to provide a financial incentive for independent tax preparation firm owners to join the Parsippany, New Jersey-based tax preparation company. Qualifications; Hewitt's past emphasis on adding new locations and buildings a national brand.

  • Jackson Hewitt Creates Consolidation Joint Venture.  // CPA Journal;Dec99, Vol. 69 Issue 12, p12 

    Reports on Jackson Hewitt Incorporated's creation of Tax Services of America (TSA), a joint venture with its two franchisees. Reason behind the joint venture; Amount Cendant Corp. will contribute in exchange for TSA convertible preferred stock; Benefits of TSA to the independent tax preparation...

  • JACKSON HEWITT REVIEWNIG PROCEDURES.  // Practical Accountant;Jun2007, Vol. 40 Issue 6, Special section p8 

    The article reports on the internal investigation launched by the U.S.-based tax returns preparation services firm Jackson Hewitt Tax Services Inc. It will be conducted in response to the allegation which claims that five corporations that operate the firm's tax preparation franchises encouraged...

  • Tax-prep name goes after firms.  // Practical Accountant;Dec99, Vol. 32 Issue 12, p10 

    Reports on the joint venture formed by accounting firm Jackson Hewitt of Parsippany, New Jersey, and two of its franchises. Aim of acquiring independent tax preparation firms; Funding from Jackson Hewitt's parent company, Cendant Corp.

  • Wal-Mart Goes Into Tax Filing Mode.  // Supermarket News Expert Blog;1/9/2012, p22 

    The article focuses on the plan of Wal-Mart Stores to offer comprehensive tax filing services, including refund check cashing, to drive traffic under a partnership formed with Jackson Hewitt and H&R Block.

  • The Tax Man Cometh to Simon.  // Chain Store Age;Apr2003, Vol. 79 Issue 4, p102 

    Deals with the placement of Jackson Hewitt Tax Service locations at Simon malls in the U.S. for the 2003 tax season. Success of a similar pilot program in 2002; Services offered by Jackson Hewitt from January through April 2003.

  • Taxpayers flock to paid preparers, computer aids. McChesney, Charles // Business Journal (Central New York);3/18/2005, Vol. 19 Issue 11, p1 

    Reports that changes in tax laws are driving taxpayers to use paid tax preparers in the United States. Claim that H&R Block is the largest preparer followed by Jackson Hewitt Tax Services; Suggestion that other taxpayers who do not use preparers are more likely to use tax software such as...

  • Many Tax-Prep Customers (Borrowers) Up for Grabs. Aspan, Maria // American Banker;1/14/2010, Vol. 175 Issue 8, p1 

    The author reports that the regulations concerning refund anticipation loans may allow market share to be redistributed from one tax preparer and its banking partner to their competitors. Jackson Hewitt Tax Service Inc. will begin the tax preparation season without funding for its refund...

  • Is that tax preparer really qualified?  // Consumer Reports;Mar2009, Vol. 74 Issue 3, p12 

    This article discusses how some tax preparers aren't qualified to prepare state or federal tax returns. When the National Consumer Law Center investigated tax preparers they found a wide variation in the ability of many to prepare a simple tax return. Consumers using H & R Block and Jackson...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics