LIBERTY TAX PARENT COMPANY NEXTPOINT ACQUIRES COMMUNITY TAX LLC | Texas News

HURST, Texas, January 11, 2022 / PRNewswire / – Freedom tax, a leading provider of tax and financial planning solutions, will add tax debt resolution and more to its suite of services in 2022 through the acquisition of Chicago-Based on LLC community tax. Liberty Tax parent company, NextPoint Financial Inc. (TSX: NPF.U & OTC Pink: NACQF), announced early in the new year the acquisition of the growing leader in tax debt resolution and other related services.

“Community Tax is the perfect complement to the Liberty Tax suite of services, expanding what our franchisees can offer consumers and business owners,” said Brent Turner, CEO of Liberty Tax. “Having previously successfully offered tax resolution services to Liberty clients, we are now positioned as one of the largest tax debt settlement firms in the United States.”

Founded in 2010, Community Tax has quickly established itself as a leader in the tax debt resolution industry by leveraging a unique two-phase approach to resolving outstanding tax issues. Community Tax is a truly bilingual organization, with English and Spanish speaking team members in all disciplines of the organization. The company has offices at Chicago, Jacksonville, and Puerto Rico.

“There has never been a better time for franchisee with Liberty Tax as we expand our service offerings to create as much growth potential for franchisees as possible,” said Jeff Stephenson, vice president of franchise development. “The acquisition of Community Tax adds even more lucrative products to the range of services our franchise owners can provide to their clients, providing them with unprecedented revenue opportunities. For those looking to diversify their franchise portfolio while increasing their income potential, now is the time. “

The move shows that Liberty Tax is more committed than ever to integrating holistic financial services that benefit U.S. consumers as well as small and medium-sized businesses that are not well served by traditional financial institutions.

NextPoint believes its market opportunity includes more than 30M SMEs in the United States and Canada, more about 85M low income tax filers in the United States For more information on Liberty Tax, its range of services and franchise opportunities, visit Libertytax.com.

About Liberty Tax

Freedom tax, a holding company of NextPoint Financial Inc. (TSX: NPF.U and OTC Pink: NACQF), is a tax preparation service with more than 2,700 locations and serves approximately 1.6 million consumer and small business customers in United States and Canada. Founded in 1997, Liberty Tax is one of the nation’s leading tax preparation companies, with franchise branches in all major metropolitan areas of the United States and Canada. For a more in-depth look, visitFreedom Tax Service and on Facebook.

About NextPoint Financial Inc.

NextPoint Financial Inc. is an all-inclusive marketplace for financial services enabling hard-working and underserved consumers and small businesses. NextPoint was formed by the July 2021 combination of Liberty Tax, a leading provider of tax preparation services, with LoanMe, an online lender and loan distributor. NextPoint’s revenue and financial performance currently reflects the seasonality of its significant tax preparation business, in which the majority of its revenue is generated in the first and second calendar quarters of each year.

NextPoint’s interim financial statements and other regulatory documents are filed on the electronic document analysis and retrieval system (“SEDAR“) www.sedar.com where they can be viewed by shareholders and other interested parties.

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