Welcome to our dedicated page for Block (H.&R.) news (Ticker: HRB), a resource for investors and traders seeking the latest updates and insights on Block (H.&R.) stock.
H&R Block (HRB) delivers tax preparation services and financial solutions through its nationwide network and digital platforms. This news hub provides investors and stakeholders with verified updates directly from the company and trusted financial sources.
Track official press releases covering quarterly earnings, regulatory developments, and service innovations. Find timely reports on strategic partnerships, leadership updates, and new product launches that shape HRB's position in tax services and financial technology.
Our curated collection includes filings with the SEC, executive statements, and analyses of operational milestones. Bookmark this page for efficient monitoring of HRB's business decisions and market responses. Check regularly for essential updates that may impact your financial assessments.
H&R Block (NYSE: HRB) has appointed Rob Horrobin as Vice President of Data Science & Analytics. He will lead a team of 50 associates to advance data-driven decision-making and machine learning innovations within the company.
Reporting to CFO Tony Bowen, Horrobin aims to foster a data-centric culture. Previously, he worked at Pacific Life and John Hancock, with extensive experience in analytics.
Horrobin expressed enthusiasm about joining H&R Block, emphasizing its commitment to data science and strong client trust built over 68 years.
Block Advisors Business Formation offers small business owners a streamlined process to establish their businesses online in as little as 10 minutes. Launched last fall, this service enables users to choose the appropriate entity structure, ensuring limited liability protection and potential tax savings. The U.S. saw over 5 million new businesses formed in 2022, highlighting the importance of formalizing business structures for personal asset protection. Block Advisors aims to reduce costs for small businesses by offering competitive tax preparation services, costing up to 30% less than traditional accountants. For more details, visit Block Advisors.
H&R Block (NYSE: HRB) has launched Spruce, a mobile banking app designed to enhance financial health, especially during tax season. Customers can receive their federal tax refunds up to five days early when deposited into their Spruce accounts. This app offers features such as tax refund recommendations and budgeting tools, catering to the needs of the majority of Americans who benefit from tax refunds. With no fees or minimum balance requirements, Spruce aims to help users manage their finances more effectively and make informed spending choices. The service aligns with the company's mission to improve access to financial services for struggling consumers.
H&R Block has partnered with CoinTracker to streamline cryptocurrency tax filing for the 2023 tax season. This collaboration allows users to automate their crypto tax filings, addressing the needs of consumers who were previously unaware of their tax obligations regarding digital assets. In 2022, H&R Block reported an 85% increase in clients declaring crypto transactions. Users can now easily import data from Form 8949 without manual entry. Benefits of the partnership include a free tax plan for fewer than 25 transactions and discounts on both CoinTracker and H&R Block products.
H&R Block (NYSE: HRB) announces significant savings for small businesses ahead of the March 15 tax filing deadline. Filers can save up to 50% on business entity tax preparation through Block Advisors, compared to standard accountant fees for S Corporations, partnerships, and multi-member LLCs. The March deadline also applies for tax extension filings using Form 7004. Block Advisors supports over 2 million small business owners yearly, ensuring they maximize their refunds.
H&R Block (NYSE: HRB) has announced the return of its program A Fair Shot, which aims to promote gender equity in name, image, and likeness (NIL) deals for female student athletes.
This year, the initiative celebrates 50 athletes across 13 sports, doubling last year's participation of 19 athletes. The program also includes NCAA Division II, Division III schools, and Historically Black Colleges and Universities.
Alongside partners Fabletics and Jambys, H&R Block highlights the disparities in NIL sponsorships, offering tax preparation services to help athletes understand the financial aspects of their earnings.
H&R Block (NYSE: HRB) has appointed Alex Cook as Vice President of Small Business, enhancing its tax services for small business clients. Cook, with over a decade of experience at Microsoft and 16 years at Walmart, will work under Chief Strategy and Small Business Officer Jamil Khan. H&R Block currently assists over 2 million small business owners annually, and Cook's expertise is aimed at increasing this client base. The company focuses on blending digital innovation with human expertise, offering services that include tax preparation, financial products, and small-business solutions.
H&R Block (NYSE: HRB) reveals insights on how Gen Z is approaching tax season. A survey indicates that 52% of Gen Z participates in side hustles, often leading to complex tax situations. With 39% earning over $600 from these activities, many lack knowledge regarding tax implications. Despite popular belief, only 16% turn to social media for tax advice, instead preferring trusted sources like tax professionals. Optimistically, 92% of Gen Z expects a refund, planning to use it for savings and debt relief. H&R Block promises a guaranteed maximum refund and real-time results to cater to this generation's needs.
