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, Inc. (HRB) is set to announce its fiscal 2023 third quarter results on May 9, 2023, after the market closes. The results will be available on the company’s investor relations website. A conference call for analysts and investors will take place at 4:30 PM ET the same day, discussing the results and providing a business update. Interested participants need to register in advance to receive dial-in details. The call will also be webcast live for public access, with a replay available for 90 days post-event. H&R Block specializes in tax preparation services and offers various financial and small-business solutions, combining digital tools with expert assistance.
H&R Block recently inaugurated a sensory room at its Kansas City headquarters, aimed at supporting the mental health and well-being of its associates. This initiative, launched during Autism Awareness Month, signifies the company’s dedication to inclusivity and support for neurodiversity. The sensory room is equipped with calming sound machines, sensory fidgets, and dimmed lighting, providing a safe space for employees to manage stress and improve focus. Founded by associates with neurodivergent children, the room's creation underscores the need for supportive environments in the workplace. According to studies, the unemployment rate for neurodivergent adults can be as high as 30-40%. H&R Block aims to combat stigmas and foster a culture where every associate feels heard and valued.
H&R Block (NYSE: HRB) emphasizes the importance of filing taxes in a new campaign as the tax season nears its end. A recent survey shows that nearly 70% of Americans believe that failure to file taxes could lead to jail time, with 79% fearing fines and 60% concerned about wage garnishment. The campaign aims to educate 121 million eligible taxpayers on the importance of filing their taxes to receive potential refunds, which average nearly $3,000. Jill Cress, Chief Marketing Officer, stated that H&R Block is committed to guiding taxpayers through the process, ensuring they receive their maximum refund. The campaign aligns with the April 18 deadline, and taxpayers can seek help from tax professionals even after this date to avoid penalties.
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.
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