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Jackson Hewitt was founded in 1982 by John Hewitt with a variety of investors who purchased the six-location, Norfolk, Virginia-based Mel Jackson's Tax Service and renamed it Jackson Hewitt. [6] For the next few years, the company grew slowly, adding a handful of additional outlets.
Founder Hewitt was terminated as CEO in September 2017 after Liberty Tax reported poor financial performance and was forced to close down dozens of its offices due to allegations of tax fraud. [8] Hewitt formed a competing business, ATAX, in 2019 [9] and was sued by Liberty for stealing business from them by using inside information. [10]
As part of this strategy, several non-core businesses were sold or spun off. In June 2004, Cendant sold Jackson Hewitt for $638 million through an initial public offering. [47] In January 2005, Cendant spun off its mortgage and fleet management businesses as PHH Corporation.
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John T. Hewitt (born 1949) is an American businessman, the co-founder of Jackson Hewitt, sole founder of Liberty Tax Service and now CEO of ATAX. As of late 2006, Hewitt served as CEO, chairman of the board and president of the latter. Together these companies account for more than 10,000 tax preparation offices in the United States and Canada.
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