September 03, 2010
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Your Financial Services Franchise News Source

Franchise News Watch brings you the latest in financial services franchising news from around the web. As a news aggregator for the financial services franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.

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Financial Services Franchise News

Liberty Tax Service

Black Enterprise Ranks Liberty Tax Franchise A Top Pick:

Black Enterprise magazine has recognized Liberty Tax Service as one of the most affordable and best franchise opportunities for minorities for a seventh time since 2001. The magazine researches franchise opportunities annually to compile a superlative lis

H&R Block

H&R Block Reports Fiscal 2011 First Quarter Results

H&R Block, Inc. (NYSE: HRB) today reported a net loss from continuing operations for the fiscal first quarter ended July 31, 2010, of $114.8 million, or $0.36 per share prior to a severance charge, compared to a loss of $130.6 million, or $0.39 per share

Business Coaching Expert Offers Free Webinar for Landscape Contractors throughout September

Jonathan Goldhill, owner of The Growth Coach of Los Angeles, a business coaching franchise that serves small business owners throughout the region, is offering landscape contractors nationwide a free webinar throughout the month of September. The webinar,

BookKeeping Express Franchise Unveils Major Las Vegas Expansion Plan

BookKeeping Express, the first U.S. franchise focused solely on certified bookkeeping services, has announced plans to expand across the Las Vegas market through local franchise ownership.

H&R Block

Some Summertime Projects Pay Off in Spring Tax Green

Time is running out to complete summertime projects eligible for one of the home energy efficiency tax credits.

Jackson Hewitt Franchise to Report Fiscal 2011 First Quarter Results on September 8, 2010

Jackson Hewitt Tax Service Inc. ("Jackson Hewitt") (NYSE: JTX) announced today that it will report its fiscal 2011 first quarter results prior to the opening of trading on the New York Stock Exchange on Wednesday, September 8, 2010. Harry W. Buckley, pres

Family Financial Centers

Family Financial Centers Franchise President is interviewed by Cheklist Magazine Convention 2010 Issue

Paul W. Eckert, President and CEO of Family Financial Centers, LLC was interviewed for the cover article in Cheklist magazine, the most widely read magazine in the check cashing industry. The article, entitled, "bill could be bonanza for industry" refers

Family Financial Centers

Family Financial Centers Franchise President is Featured Writer in Franchising World August 2010 Issue

Paul W. Eckert, President and CEO of Family Financial Centers, LLC recently wrote an article for Franchising World magazine, one of the most widely read and respected magazines in the franchising industry. The article, entitled, "Survival Guide for Franch

Liberty Tax Service

Liberty Tax Service Franchise is Registering Students for Fall Income Tax Preparation Courses

Tax schools, long a training ground for industry employees, now face the challenge of preparing their students for increased IRS tax preparer regulation. Liberty Tax has enhanced its income tax preparation course to focus on the future accreditation, and

Jackson Hewitt Franchise Names Philip H. Sanford Executive Vice President of Strategy and Performance Measurement

Jackson Hewitt Tax Service Inc. ("Jackson Hewitt") (NYSE: JTX) announced today the hiring of Philip H. Sanford as executive vice president of strategy and performance measurement. Mr. Sanford, 56, brings over 20 years of management experience to his new r

Jackson Hewitt(R) Franchise Urges Taxpayers to be Smart About Expiring Education Credit

Millions of students are heading back to classrooms to continue their education. But many will carry more than just books with them. Students around the country are strapped with significant tuition bills, and time is running out to claim an important edu

H&R Block

H&R Block Franchise Advises on Ways to Minimize Education Costs

Parents, educators and 19.1 million college students* have different stakes in the new school year. Yet they all have things to learn about how education can impact their tax liability.

H&R Block

Blue Cross and Blue Shield of Kansas City and H&R Block Franchise Calculate Financial Impact of Health Care Law on Businesses

The nation's 1,990-page health care reform legislation is bound to cause confusion among business owners. Two leading local companies, H&R Block (NYSE: HRB) and Blue Cross and Blue Shield of Kansas City, have joined forces to provide a convenient, com

Roni Deutch Tax Center Moves Her Tax Preparation Franchise Company to The Natomas Area of Sacramento, California

The Tax Lady Roni Deutch and her tax preparation franchise company recently moved its corporate headquarters to 3840 Rosin Court, Suite 200 Sacramento, CA 95834.

BookKeeping Express Franchise Unveils Major Expansion Plan into Pittsburgh

BookKeeping Express, the first U.S. franchise focused solely on certified bookkeeping services, has announced plans to expand across the Pittsburgh market through local franchise ownership.

H&R Block

H&R Block Franchise to Release Fiscal 2011 First Quarter Results on September 2

H&R Block Inc. (NYSE: HRB) will report fiscal 2011 first quarter financial results on Thursday, Sept. 2, 2010, after the New York Stock Exchange market close. At that time, a copy of the press release will be available on the company's Web site.

H&R Block

H&R Block Franchise Elects William C. Cobb, Former President, eBay U.S. Marketplaces, to Board of Directors

H&R Block (NYSE: HRB) today announced that it has elected William C. Cobb, former President of eBay Inc.'s U.S. Marketplaces division, to its board of directors. In eight years with eBay, Mr. Cobb served as President of the flagship U.S. Marketplaces

Liberty Tax Service

Liberty Tax Franchise CEO Terms IRS Decision to Terminate the Debt Indicator "Disappointing for Consumers"

Liberty Tax Service CEO and Founder John Hewitt reacted strongly to the IRS announcement today that the debt indicator will be discontinued. This action signals a drastic change for Refund Anticipation Loan options. The decision means that the IRS will no

H&R Block

H&R Block Franchise Responds to IRS Elimination of the Debt Indicator

Alan Bennett, H&R Block (NYSE: HRB) president and CEO, offered a response to Thursday's IRS announcement that the government agency will eliminate the debt indicator for 2011.

Nation's "Tax Lady" Turns Roni Deutch Tax Center Franchise into Year-Round Business Center

Nation's "Tax Lady" Roni Deutch initially launched her franchise concept in April 2007 by promoting a concept that ushered in a wave of competent, professional tax return preparation, something she felt was strongly missing from the tax preparation indust

Bookkeeping Express Franchise Inks License Agreement to Open New Office in LaSalle

Bookkeeping Express, an established North American company focused solely on bookkeeping services, announced today that it has signed a license agreement with Sheila Doiron to open an office in LaSalle, serving Greater Essex County. The new Bookkeeping Ex

BookKeeping Express Franchise 'Balances' Winchester's Small Businesses' Need for Certified Services with Grand Opening of First Area Office

BookKeeping Express, the first U.S. franchise focused solely on bookkeeping services, announced today the opening of its first office in Frederick County, which will also serve Clarke County businesses. The new office is located in Winchester, and will pr

BookKeeping Express Franchise 'Balances' Winchester's Small Businesses' Need for Certified Services with Grand Opening of First Area Office

BookKeeping Express, the first U.S. franchise focused solely on bookkeeping services, announced today the opening of its first office in Frederick County, which will also serve Clarke County businesses. The new office is located in Winchester, and will pr

H&R Block

H&R Block Franchise Announces Quarterly Cash Dividend

The Board of Directors of H&R Block Inc. (NYSE: HRB) has declared a quarterly cash dividend of 15 cents per share, payable October 1, 2010, to shareholders of record September 10, 2010.

Jackson Hewitt(R) Franchise Shares Top 5 Areas to Review as Part of Mid-Year '5-Point Tax Check-Up'

In celebration of the Company's first-ever "Big Tax Check-Up Day," Chief Tax Officer Mark Steber of Jackson Hewitt Tax Service® shares the top five items to consider now as part of a mid-year tax review:

H&R Block

H&R Block Franchise Elects Bruce Rohde, Former Chairman and CEO of ConAgra Foods, Inc., as New Director

H&R Block (NYSE: HRB) today announced that it has elected Bruce Rohde, former Chairman and CEO of ConAgra Foods, Inc. (NYSE: CAG), to its board of directors. Mr. Rohde currently serves as chairman of Romar Capital Group and as a director of Gleacher a

Jackson Hewitt(R) Franchise Names July 29 'Big Tax Check-Up Day' to Help Consumers Make Smart Mid-Year Tax Moves

Few consumers are thinking taxes in the summertime. But tax professionals note that mid-year is an ideal time to make adjustments that can significantly improve an individual's tax position the next time he or she files.

Roni Deutch Tax Center Ranks As One Of The Nation's Fastest Growing Young Franchises

Roni Deutch Tax Center, one of the nation's fastest growing young franchise companies was ranked fourth overall on the Franchise Times 'Fast 55' list.

Padgett Business Services

Padgett Business Services(R) Franchise Named As A 2010 Military Times Edge Best For Vets Franchise

Padgett Business Services® has been named as a Best for Vets Franchise by Military Times Edge, the leading publication for providing vital information and expert guidance for post-military careers and education. "It is an honor to be ranked as a top

The Tax Lady Roni Deutch Rewards Employees With Appreciation Day At Local Water Park

Nationally recognized tax attorney Roni Deutch thanked her employees by hosting an employee appreciation day picnic at a local water park.

ACE Cash Express Franchise and FiSCA Award College Scholarship to Local Student

In a joint partnership, ACE Cash Express, Inc., a leading retailer of financial services, and Financial Service Centers of America (FiSCA), the national trade association representing the financial service centers industry, presented a $2,000 scholarship

Liberty Tax Service

Liberty Tax Service Franchise Ranked on PODER's 2010 Top Franchises for Hispanics List

For the fourth time, Liberty Tax Service is the only tax service included on PODER magazine's 2010 list of the "Top 26 Franchises for Hispanics" (June-July 2010). The magazine based its evaluation on "historical performance, brand identification, franchis

Liberty Tax Service

Liberty Tax Franchise Founders Concerned with Tax Industry Upheaval

In response to Thomas Bloch's resignation as a director of H&R Block, the founder of Liberty Tax, John Hewitt, hopes to arrange a meeting. "I am concerned about the tremendous upheaval in the retail income tax preparation industry. The Bloch family wa

BrightStar Franchise Becomes First Approved Franchise System to Receive Credit Facility from New SBA Guaranteed Lending Program

BrightStar , the first franchising company in the United States to specialize in both medical and non-medical care and healthcare staffing, announced today that it has become the first franchisor to receive a credit facility from a new SBA guaranteed lend

Barberitos gets serious about franchising

A former franchise professional for some of the nation's top emerging chains, Bruce Holzman has joined Mexican cantina Barberitos as vice president of franchise sales.

Maggiano's Little Italy(R) Franchise Helps Make Wishes Come True by Raising $500,000 for the Make-A-Wish Foundation(R)

Maggiano's Little Italy announced today it raised more than $500,000 to help grant the wishes of more than 65 children during its seventh annual "Eat-A-Dish for Make-A-Wish" campaign. The program ran April 15 through May 26 with proceeds directly benefitt

Snap-on Incorporated Franchise to Webcast 2010 Second Quarter Results Conference Call

Snap-on Incorporated (NYSE: SNA) will release 2010 second quarter results prior to the market open on Friday, July 23, 2010. A conference call to discuss the results will be held at 11:00am ET on that day. The conference call, with accompanying slides, wi

FINRA Panel Awards Firm Client Intevac Full Return on ARS Purchase From Citigroup

Citigroup Incorporated must buy back at par student loan auction rate securities purchased by Faegre & Benson LLP client Intevac Inc.

H&R Block

H&R Block Franchise Board Names Alan Bennett President and Chief Executive Officer of the Company

H&R Block, Inc. (NYSE: HRB) today announced its Board of Directors has appointed Alan M. Bennett to be its President and Chief Executive Officer, effective immediately. Mr. Bennett fills the position vacated by Russ Smyth, who resigned in order to acc

BookKeeping Express Inks Franchise Agreement to Open Office in Toms River

BookKeeping Express, the first U.S. franchise focused solely on outsourced accounting services, announced today that it has signed a franchise agreement with Victory Financial Inc. to open an office in Toms River, N.J. serving the coastal regions of...

Jackson Hewitt(R) Franchise Shares Tax Tips on Preparing for Hurricanes, Tornados and Other Severe Weather

According to The Federal Emergency Management Agency (FEMA), there have already been 49 disasters declared thus far in 2010,* with several months still remaining in the year. With annual hurricane, wildfire and tornado seasons...

H&R Block

H&R Block Tax Franchise Initiates Search for New General Counsel

H&R Block (NYSE: HRB) today reported that the company is initiating a search for a new general counsel. Brian Woram, the company's current general counsel, will leave the company as of July 2 for a new leadership opportunity.

Liberty Tax Service

Liberty Tax Service Creates the "Una Familia Sin Fronteras Foundation" Dedicated to Educating Hispanics Nationwide

Liberty Tax Service, the fastest-growing retail tax preparation company in the industry's history, announced the creation of the Una Familia Sin Fronteras Foundation, the first Foundation in the industry which specifically aims to contribute to...

H&R Block

H&R Block Tax Franchise Anounces To Have, To Hold, To File

Something old, something new, something borrowed, something to do with taxes. With more marriages in June than any other month, brides all over the country are now uttering this phrase -- or something like it -- and H&R Block is there to help.

ACE Cash Express Franchise Donates $106,280 to American Red Cross at Dallas City Hall

ACE Cash Express, Inc., a leading retailer of financial services, presented a $106,280 donation check to American Red Cross in support of the ongoing Haiti relief efforts.

H&R Block

H&R Block Tax Franchise Advises Jump-Starting College Savings to Enhance Future Value, Reap Tax Benefits

If the babies attending graduation ceremonies across the country enroll in public, four-year colleges in 2028, they will pay an estimated $92,900 for in-state tuition for their degrees. Those opting for a private education will likely pay $347,700 for...

H&R Block

H&R Block Tax Franchise to Release Fiscal 2010 Results on June 24

H&R Block Inc. (NYSE: HRB) will report fiscal 2010 financial results on Thursday, June 24, after the New York Stock Exchange market close. At that time, a copy of the press release will be available on the company's Web site.

H&R Block

H&R Block Tax Franchise Anounces ABCs of Post-Storm Tax Recovery: Assess, Bounce Back, Continue

The emotional toll of severe storms is difficult to quantify, but property damage is well-documented. In 2009, damage due to extreme weather totaled $7.5 billion, a fraction of the $26.5 billion in damage reported for 2008* or the $52.8 billion in...

The Growth Coach(R) Franchise Offers $5,000 Referral Fee

As traditional advertising and broker relationships continue to get more expensive but less effective at generating quality franchise leads, The Growth Coach, a national franchise of small business coaches in more than 140 markets, is breaking away...

Family Financial Centers

Family Financial Centers President is Guest on Voice of America Radio Show

Paul W. Eckert, President and CEO of Family Financial Centers, LLC was a guest on the Voice of America "Entrepreneurial Insights" Radio Show broadcast on Friday, May 28th, 2010, hosted by John Davies, Pino Bacinello and Matt Ottaway of Sunbelt...


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Features & Special Reports

Franchising With Family Members Can Be Fraught With Danger Or Filled With Success

It can be difficult enough to get a franchise up and running on your own, or with other operational and investing partners, but it can be downright arduous if family members are involved in the deal. But that's the route some franchisees take and when done properly this management model can provide years of personal and professional harmony. But there are some secrets to making it work. Go in unprepared and you could break up a business and a family.

The Winner's Column

As savvy franchise companies continue to flourish in this challenging economy, FUSR will continue to bring you good news each month, highlighting brands that are adding units, increasing comp store sales, striking deals with investors, and continuing to grow despite the economy - maybe even because of it. And, as the U.S. struggles through its "jobless recovery," growth-oriented franchisors continue to look overseas for expansion opportunities.

Sales Intelligence for Superior Performance, Part 2

Aggressive growth companies measure the performance of their sales personnel just as they do their advertising. With high recruitment expenses you can't afford mediocre selling performance, which costs dearly in lost franchise deals. A policyholder survey by Prudential Insurance revealed that the greatest influencing factor in the buying process is the sales person.

Turning Around Struggling Franchisees

Two years of tight credit and reduced consumer spending have left many franchisees reeling and put a serious crimp in franchisors' royalty streams. Workout professionals and bankruptcy attorneys experienced in franchising discuss what franchisors can do to help turn around distressed units - without spending scarce funds or getting themselves into legal hot water.

New Gift Card Regulations Kicked in August 22nd

Last year when President Obama signed the Credit Card Act of 2009 (the Act") into law, the nation's attention largely focused on those provisions of the law that aim to change the way credit card companies do business with consumers. However, since the Act imposes requirements on gift card issuers, it also changed the way many retailers and franchise companies will do business with consumers.

Strong Cultures Sell More Franchises!

Every franchise organization has a culture, the same way every person has a personality. If your franchise brand is serious about growth and development, ask yourself these two questions: 1) Does our franchise system have a strong, positive culture?; and 2) Is it a culture that promotes selling franchises?

Special Operations: Franchising in a Strange Land

Opening franchise units in nontraditional locations has been the domain of specialists--but not anymore. With the economy still slumping, lending still tight, and suburban expansion at a standstill, many multi-unit franchisees are exploring the viability of sites such as airports, hotels, colleges, senior centers, highway rest stops, hospitals, and military bases.

Rolling with the Punches: Franchisors Continue Adapting to Change

The rules and methods for franchise sales are changing daily with the general public's increasing awareness of the economy, deficits, lending, the housing market, and more. As some of us "graybeards" can remember, this isn't the first time the rules have changed--and it won't be the last.

Change on the Horizon

Just like any business, the franchising business is one that I have seen evolve tremendously over the past 30 years. While many of the cornerstones and crucial elements - product, simplicity, control, and support - remain the same, so much is changing.

Hiring Entrepreneurs: A Case Study of Hiring the Spirit of Success

As we continue to mine Dave Melton's book, <i>Hire the American Dream,</i> I thought it would be interesting to highlight a case study that demonstrates just how successful smart hiring can be. Here Melton describes his experience hiring an immigrant.

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