Industry News

Ledgers Partners with Loyalty Brands to Create Bookkeeping and Tax Powerhouse

Ledgers Canada and Loyalty Business Services have created a partnership to rapidly expand both
companies in Canada and the US. As a part of the collaborative growth initiative, Loyalty Business
Services will become Ledgers USA to enhance brand awareness throughout North America.

The newly formed Ledgers team is comprised of leaders from several different successful companies to
create what is expected to become the largest bookkeeping, tax, payroll and compliance reporting firm
servicing owners of small businesses throughout Canada and the United States. Gordon Haslam, who
founded Ledgers Canada and built Ledgers to an industry leader in Canada since starting the company
over 25 years ago, John Hewitt, who has built two of the three largest retail income tax service
companies (Liberty Tax & Jackson Hewitt Tax) and who has over 52 years of experience building
successful, major companies, and Steve Rafsky, who championed the turn around and growth of Padgett
Business Services for almost 20 years, are all excited to collaborate to build a company to help small and
medium size business services firms focus more on the growth of their businesses. Ledgers Canada and
Ledgers USA will offer tax preparation and consultation, payroll, management financial reporting and
other services using modern, cloud-based technology to meet today’s clients’ needs. For the business
services owner, it is a value-based annuity in a business sector that is exploding.

The firm will expand its locations through its affiliation and franchising models. The firm has developed
a system to enhance growth and scalability of each location, as well. The Ledgers system includes state
of the art technology to manage client onboarding and workflow and modern client acquisition
programs that include inbound and outbound marketing that are enhanced with integrated search
engine optimization, social media, and other robust programs. This coordinated growth program
implementation affords Ledgers efficiencies that individual operators would not usually be able to
employ. In addition, the companies will enhance work capacity for its locations by offering access to
Ledgers central team of professionals.

According to Gordon Haslam, who will continue to oversee the Canadian operation, “I am excited to
expand with the Loyalty team. This collaboration will help both companies grow and prosper through
experience, strong leadership, enhanced systems and innovative marketing’”

To learn more about business ownership opportunities with us, text Ledgers to 855-533-4377 (in
Canada) or 87000 (in the US).

About Ledgers Canada

Ledgers Canada was founded by a Team of Chartered Accountants in 2004 when they recognized a
need for high quality, cost-effective accounting and financial services for small business. At the time,
the market was comprised of large, often costly firms and smaller, mostly home-based bookkeepers.
Ledgers’ model was to build a solid foundation in between the two by offering high quality, efficient
and reliable services at prices that small business could afford.

Today, Ledgers is based in Newmarket, ON and offers a one-stop financial solution to small business,
their owners and the general public through Ledgers’ network of more than 40 franchise locations in
Canada. With services ranging from accounting and bookkeeping to business plans, payroll,
incorporations and income tax preparation, the Ledgers Network has thousands of clients across
Canada. For more information visit www.ledgers.com.

About Loyalty Business Services

Loyalty Business Services is headquartered in Virginia Beach, Virginia and is part of a consortium of
franchise brands that are serviced based and synergistic. Loyalty Businesses is a tax, payroll,
compliance, and business advisory firm focused on helping small business owners stay focused on
running their businesses more successfully. For more information visit www.loyaltybrands.com.

Media Contact Information:

Ledgers Canada
Gordon M. Haslam, President
26 Wilstead Dr.
Newmarket, ON L3Y 4T9
Phone: 905.898.6320
E-mail: ghaslam@ledgers.com
www.ledgers.com

Loyalty Brands
Steve Rafsky
780 Lynnhaven Pkwy, Suite 240
Virginia Beach, VA 23452
Phone: (781) 355-1189
E-mail: steve.rafsky@loyaltybrands.com
www.loyaltybrands.com