Welcome to our dedicated page for H&R Block news (Ticker: HRB), a resource for investors and traders seeking the latest updates and insights on H&R Block stock.
H&R Block, Inc. (NYSE: HRB) stands as the world's largest tax services provider, having prepared over 650 million tax returns since its inception in 1955. Catering to a diverse clientele, H&R Block operates approximately 12,000 company-owned and franchise retail locations across all 50 U.S. states, Puerto Rico, and other U.S. territories. The company also has a presence in Canada, Australia, India, and on U.S. military bases worldwide. An H&R Block retail office is located within five miles of most Americans.
In the fiscal year 2015, H&R Block reported revenues exceeding $3.1 billion, preparing 24.2 million tax returns globally. The company’s services extend beyond retail locations, including digital tax solutions that have been aiding do-it-yourself clients for over 15 years. In FY 2015 alone, 6.9 million tax returns were completed through H&R Block's digital solutions. Employing around 9,000 bilingual tax professionals, H&R Block provides expert assistance in multiple languages.
Recent Achievements and Projects:
- AI Tax Assist: In December 2023, H&R Block introduced the H&R Block AI Tax Assist, a generative AI experience designed to streamline the tax preparation process. This innovation combines the company's extensive tax expertise with artificial intelligence to provide real-time, reliable assistance, ensuring accuracy and maximum refunds for individuals, the self-employed, and small business owners.
- Fiscal Updates: H&R Block will report its fiscal 2024 second quarter results on February 6, 2024. This will be followed by a conference call for stakeholders to discuss results and the company’s outlook.
- Leadership and Growth: Curtis Campbell, a seasoned executive with vast experience in the tax, fintech, and software industries, joined H&R Block to drive innovation and growth, especially in the consumer tax business.
- Direct Import Feature: To simplify the tax filing process, H&R Block launched the Direct Import feature, enabling users to seamlessly import prior year tax return data from TurboTax into H&R Block's online products.
- Minecraft Competitive League (MCL): H&R Block launched a unique Minecraft experience to engage young adult gamers, integrating custom versions of the game with a branded character, Sir Block, and offering in-game skins and avatars.
Beyond tax preparation, H&R Block provides financial products and small-business solutions through Block Advisors and Wave. These services include bookkeeping, payroll, advisory, and payment processing solutions, helping small-business owners thrive year-round. Additionally, H&R Block’s mobile banking app, Spruce, enhances its clients’ financial well-being.
For more detailed information, visit the company's official website at HRBlock.com.
H&R Block (NYSE: HRB) declared a quarterly cash dividend of 26 cents per share, set to be paid on April 1, 2021, to shareholders on record as of March 16, 2021. The company has maintained consecutive quarterly dividends since its public offering in 1962, underscoring its commitment to returning value to shareholders.
H&R Block (NYSE: HRB) will announce its fiscal 2021 third quarter results on March 9, 2021, post-market. Alongside the earnings report, a conference call will occur at 4:30 p.m. ET to discuss results, outlook, and updates. Interested parties can join by dialing U.S./Canada (866) 987-6821 or International (630) 652-5951. A replay will be available after the call. Shareholders and investors can access the press release and webcast through H&R Block’s investor relations website.
H&R Block (NYSE: HRB) is responding to the severe winter storm affecting millions in the U.S., particularly Texas, by donating to the American Red Cross for disaster relief. CEO Jeff Jones emphasized the company’s commitment to supporting impacted communities. Additionally, an Associate Relief Fund has been established to aid affected associates and franchisees. H&R Block’s community initiatives include funding for startups and programs designed to assist small business owners, particularly in underserved neighborhoods.
Block Advisors, part of H&R Block (NYSE: HRB), is launching a program aimed at aiding Black small business owners affected by the pandemic. A recent study indicates that 47% of small business owners lack optimism for success in 2021, with 59% reporting lower revenues than expected. Black-owned businesses faced severe challenges, with over 50% reporting a 50% revenue drop, compared to 37% of white owners. The program includes personalized coaching and potential micro-grants to enhance financial management and access to capital.
H&R Block (NYSE: HRB) has launched an online do-it-yourself tax software tailored for U.S. expats, enabling them to file their federal income taxes confidently from abroad. Due to unique tax obligations, expats must file U.S. taxes regardless of where they reside, facing potential penalties for non-compliance. The new software starts at $99 for simple returns, addressing complexities like avoiding double taxation and special reporting requirements. U.S. expats can benefit from an extended filing deadline of June 15 if they are outside the U.S. on April 15.
H&R Block (NYSE:HRB) is offering a Refund Advance loan to help taxpayers access funds quickly amid IRS delays in processing returns this tax season. Starting February 12, the IRS will not process refunds, potentially causing financial strain for many Americans. H&R Block's loan allows approved clients to receive up to $3,500 with 0% interest on the same day they file their tax return. This service aims to alleviate financial pressure during a challenging economic climate.
H&R Block (NYSE: HRB) announced its 2021 tax season advertising campaign, emphasizing accessible expert help for customers facing tax challenges due to the COVID-19 pandemic. The campaign highlights a hybrid model combining in-person and virtual tax preparation services. Clients can utilize digital tools such as video chats and document uploads for convenience. Directed by Michael Gracey, the campaign includes original musical scores to engage audiences. It will run across various media until April, reinforcing H&R Block's commitment to customer-centric service.
H&R Block (NYSE: HRB) is adapting to the pandemic's impact on tax preparation, offering safe and convenient filing options. As many Americans face financial uncertainty, the company emphasizes the importance of accuracy to maximize tax benefits. Customers can choose virtual or in-office services, benefiting from expert tax advice. Enhanced safety measures, including social distancing and sanitation, are implemented for in-person visits. H&R Block aims to help clients claim all eligible credits, deductions, and stimulus payments, providing valuable assistance for 2020 tax returns.
The recent stimulus package offers additional support for small business owners, including a second round of Payroll Protection Program (PPP) loans. Block Advisors' certified tax professionals are available to help small business owners navigate these relief options and understand the tax implications. Their services include consultations and resources available on the company’s coronavirus resource hub. Block Advisors has over 7,500 locations nationwide and aims to assist small business clients with bookkeeping and payroll needs, emphasizing their expertise and commitment to accuracy.
KANSAS CITY, Mo., Jan. 04, 2021 – Millions of Americans will receive their second stimulus payment starting January 4, as announced by the IRS. Payments will be processed mainly via direct deposit or through checks and debit cards for those without bank accounts. H&R Block is poised to assist customers with available tools and expert help. Notably, issues like payments sent to closed accounts may result in checks being mailed instead. The IRS Get My Payment website will help track the payment status, and H&R Block provides resources for potential claims during tax filing.
FAQ
What is the current stock price of H&R Block (HRB)?
What is the market cap of H&R Block (HRB)?
What services does H&R Block provide?
How many locations does H&R Block have?
What is H&R Block's AI Tax Assist?
When will H&R Block report its fiscal 2024 second quarter results?
Who is Curtis Campbell?
What is the Direct Import feature?
What is the Minecraft Competitive League (MCL) by H&R Block?
How long has H&R Block been providing digital tax solutions?
How can I access H&R Block’s tax services?
What is the significance of H&R Block’s mobile banking app, Spruce?
