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Tag: h&r block

H&R Block Help Small Business Owners Navigate Current Stimulus Bill
Business

H&R Block Help Small Business Owners Navigate Current Stimulus Bill

Specially trained tax pros can help explain relief options and tax implications KANSAS CITY, MO (STL.News) The stimulus package signed into law in late December includes more relief for struggling small business owners, including a second round of Payroll Protection Program (PPP) loans starting this week.  However, everyday Americans who operate small businesses or are self-employed may be left unsure of how to maximize their options. Block Advisors small business certified tax pros are here to help. “We keenly understand that small business owners started their business to do their craft, not to become an expert at taxes, bookkeeping and payroll, and certainly not to unravel unintended and highly complex tax implications from relief bills,” said Karen Orosco, senior vice president, U....
H&R Block Customers: Unsure Where Your Stimulus Money Is?
Finance

H&R Block Customers: Unsure Where Your Stimulus Money Is?

KANSAS CITY, MO (STL.News) Today, millions of Americans will receive a second stimulus payment as the IRS set January 4 as the official payment date of all direct deposits for stimulus money.  The IRS has shared that most people will receive their second stimulus payment as a direct deposit.  However, if not, people will receive their second stimulus payment in the mail as either a check or U.S. Treasury debit card, likely by the end of January. In addition, the IRS Get My Payment website will go live soon, allowing people to look up where their second stimulus payment has been sent.  As people search for answers about their second stimulus payment, H&R Block has tools and live expert help to assist its customers. “The second stimulus payment will provide much-needed relief to pe...
H&R Block Reports Revenue Growth in Fiscal 2021 Second Quarter
Business

H&R Block Reports Revenue Growth in Fiscal 2021 Second Quarter

KANSAS CITY, MO (STL.News) H&R Block, Inc. (NYSE: HRB) today released its financial results1 for the fiscal 2021 second quarter ended October 31, 2020. Fiscal second quarter revenue growth of 10% to $177 million resulted from higher tax return volume in the U.S. and Canada, and an increase in small business payments processing and payroll volume at Wave. Pretax loss improved $24 million to $(237) million due to the increase in revenue as well as lower operating expenses.  GAAP loss per share from continuing operations2 increased $0.24, to $(1.17), and adjusted non-GAAP loss per share3 increased $0.24, to $(1.09), due solely to a lower effective tax rate resulting from favorable tax planning.  The negative impact of this tax rate change is unique to fiscal quarters in which the ...
H&R Block to Host Virtual Investor Day, Report Fiscal 2021
Business

H&R Block to Host Virtual Investor Day, Report Fiscal 2021

H&R Block to Host Virtual Investor Day and Report Fiscal 2021 Second Quarter Results on December 8 KANSAS CITY, MO (STL.News) H&R Block, Inc. (NYSE: HRB) announced today that the company will host a virtual Investor Day event on Tuesday, December 8, 2020.  The meeting will be streamed live via the company’s events page on its investor relations website, located at https://investors.hrblock.com/financial-information/events-calendar, beginning at 10:00 a.m. EST. During the event, Jeff Jones, H&R Block’s president and chief executive officer; Tony Bowen, chief financial officer; and additional members of the senior leadership team will discuss the next phase of the company’s strategic transformation as the company continues to innovate to better serve customers in the core areas ...
Quarterly Cash Dividend Declared by H&R Block
Business

Quarterly Cash Dividend Declared by H&R Block

KANSAS CITY, MO (STL.News) H&R Block, Inc. (NYSE: HRB) today announced that its Board of Directors declared a quarterly cash dividend of 26 cents per share, payable January 4, 2021, to shareholders of record as of December 7, 2020. H&R Block has paid quarterly dividends consecutively since the company went public in 1962. About H&R Block H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation, financial services and small business solutions.  The company is disrupting the tax industry by providing consumers price transparency and with digital platforms such as Tax Pro GoSM. H&R Block believes the best solutions blend digital capabilities with human expertise and care.
H&R Block Study Reveals Majority of Small Business Owners Need Advice to Recover from Pandemic
Business

H&R Block Study Reveals Majority of Small Business Owners Need Advice to Recover from Pandemic

KANSAS CITY, MO (STL.News) A majority of small business owners say in the wake of the pandemic, they need one-to-one business advice.  This is just one of the main findings in the first of a four-part study, “Small Business Recovery Series,” by H&R Block (NYSE: HRB) tracking the trends of pandemic-related impacts, attitudes, and issues surrounding small business recovery and reopening. “H&R Block has a long history of helping small business owners manage their tax and financial needs,” said Jeff Jones, president and CEO of H&R Block.  “The pandemic has had a devastating effect on small businesses, and we want small business owners to know they don’t have to navigate these challenges alone.  We’re committed to providing the resources and guidance they need for their businesses ...
H&R Block and Nextdoor partner to revitalize neighborhoods
Business

H&R Block and Nextdoor partner to revitalize neighborhoods

H&R Block and Nextdoor partner to revitalize neighborhoods and spark connections with 10 community projects across the country KANSAS CITY, MO (STL.News) H&R Block (NYSE: HRB) and Nextdoor announced today 10 community projects that they will support to build more resilient communities, reduce social isolation, and improve quality of life.  In January 2020, the two purpose-driven companies launched a nationwide search calling on neighbors to submit projects that would revitalize or create local spaces to provide more opportunities for neighbors to connect.  As COVID-19 isolated communities around the world, this mission proved crucial with more than 2,000 project ideas submitted by neighbors in all 50 states who want to make their blocks better and bring neighbors together in new wa...
H&R Block Announces Fiscal 2021 First Quarter Results
Business

H&R Block Announces Fiscal 2021 First Quarter Results

KANSAS CITY, MO (STL.News) H&R Block, Inc. (NYSE: HRB) today released its financial results for the fiscal 2021 first quarter ended July 31, 2020. Strong finish to the tax season resulted in total U.S. tax filing growth of 3.3%2. Fiscal first quarter financial results improved significantly compared to the prior year due to the extension of the most recent tax season to July 15; revenues increased 300% to $601 million. Pretax earnings of $124 million compared to a pretax loss of $207 million in the prior year. GAAP earnings per share from continuing operations (EPS) improved to $0.48 compared to a loss of $(0.72), while non-GAAP adjusted EPS4 improved to $0.55 compared to a loss of $(0.66). Following the fiscal first quarter, the company completed the issuance of $650 million ...
H&R Block Announces Quarterly Cash Dividend
Business

H&R Block Announces Quarterly Cash Dividend

KANSAS CITY, MO (STL.News) H&R Block, Inc. (NYSE: HRB) today announced that its Board of Directors declared a quarterly cash dividend of 26 cents per share, payable October 1, 2020, to shareholders of record as of September 11, 2020. H&R Block has paid quarterly dividends consecutively since the company went public in 1962.
H&R Block launches one of the first services to help navigate CARES Act stimulus relief options
Business

H&R Block launches one of the first services to help navigate CARES Act stimulus relief options

H&R Block launches one of the first services to help small businesses navigate CARES Act stimulus relief options Recovery Action Plan service includes phone consultation with an H&R Block small business expert, providing tailored guidance and personalized plan KANSAS CITY, MO (STL.News) Many small businesses are struggling with how to recover from the COVID-19 crisis, and H&R Block believes they should have a trusted place to turn for assistance.  That is why H&R Block (NYSE: HRB) is introducing a Recovery Action Plan consulting service to help small businesses navigate the CARES Act stimulus options, including loan programs, and tax credits. The Recovery Action Plan service* includes up to an hour-long one-on-one phone consultation for $99 with an H&R Block small busi...
H&R Block Online offers easy do-it-yourself tax preparation, with the confidence of Online Assist expert help
Business

H&R Block Online offers easy do-it-yourself tax preparation, with the confidence of Online Assist expert help

(STL.News) – H&R Block’s (NYSE: HRB) DIY Online tax products are now available at hrblock.com and in the Apple and Google Play stores, offering an easy, cost-effective way to do your own taxes.  H&R Block’s award-winning online products are a great value in tax prep, starting with free, with all products typically priced at least $10 less than TurboTax.  For DIY filers who want the care and extra help from a tax expert, H&R Block Online AssistSM is available in early January, offering unlimited, on-demand chat sessions, with a highly trained H&R Block tax expert, IRS enrolled agent or CPA. More for less with H&R Block Online, including free “In a recent survey, we found 94% of DIY taxpayers want to save more money in 2020 than they have in 2019,” said Heather Watts, s...
H&R Block Announces Fiscal 2020 Second Quarter Results and Reiterates Fiscal Year Outlook
Business

H&R Block Announces Fiscal 2020 Second Quarter Results and Reiterates Fiscal Year Outlook

KANSAS CITY, MO (STL.News) H&R Block, Inc. (NYSE: HRB) today released its financial results for the fiscal 2020 second quarter ended October 31, 2019.  The company normally reports a fiscal second quarter loss due to the seasonality of its tax business.  The fiscal second quarter typically represents less than 5% of annual revenues and less than 15% of annual expenses. Fiscal Second Quarter Highlights Fiscal second quarter financial results were in line with expectations, and the company reiterated its revenue growth and margin outlook for the full fiscal year. Revenues increased 8%, to $161 million due to Wave and improved tax return volumes. Loss per share from continuing operations increased $0.10 to $0.93; adjusted loss per share from continuing operations increased $0.07 to...
H&R Block to Release Fiscal Second Quarter Results December 4, 2019
Business

H&R Block to Release Fiscal Second Quarter Results December 4, 2019

KANSAS CITY, MO (STL.News) H&R Block, Inc. (NYSE: HRB) will report fiscal 2020 second quarter results on Wednesday, December 4, 2019 after the New York Stock Exchange market close.  At that time, a copy of the press release will be available on the company's investor relations website at http://investors.hrblock.com. A conference call for analysts, institutional investors, and shareholders will be held at 4:30 p.m. Eastern time on Wednesday, December 4, 2019.  During the conference call the company will discuss fiscal 2020 second quarter results, outlook, and a general business update.  To access the call, please dial the number below approximately 10 minutes prior to the scheduled starting time: U.S./Canada (866) 987-6821 or International (630) 652-5951 Conference ID: 9677027 T...
H&R Block DIY desktop tax software 2019 on sale now for tax season 2020
Finance

H&R Block DIY desktop tax software 2019 on sale now for tax season 2020

Normally priced at least $10 less than TurboTax®, clients get exceptional value and easy access to expert help throughout the tax preparation process KANSAS CITY, MO (STL.News) H&R Block (NYSE: HRB) DIY desktop tax software 2019, for tax season 2020, is available for download and expanding soon to retail outlets nationwide.  Starting at $19.99, DIY tax software 2019 is designed for filers of all complexities, ranging from first-time filers with simple tax situations to small business owners.  For those who prefer to do their own taxes with desktop software but want the security of knowing expert help is available if they need it, this year’s software makes accessing help easier than ever before with significantly enhanced self-help resources, including 24/7 access to free support via c...
H&R Block DIY desktop tax software 2019 on sale now for tax season 2020
Business

H&R Block DIY desktop tax software 2019 on sale now for tax season 2020

(STL.News) – H&R Block (NYSE: HRB) DIY desktop tax software 2019, for tax season 2020, is available for download and expanding soon to retail outlets nationwide.  Starting at $19.99, DIY tax software 2019 is designed for filers of all complexities, ranging from first-time filers with simple tax situations to small business owners.  For those who prefer to do their own taxes with desktop software but want the security of knowing expert help is available if they need it, this year’s software makes accessing help easier than ever before with significantly enhanced self-help resources, including 24/7 access to free support via chat with the new Virtual Assistant, offering answers to the most common questions. If a client wants support from a trained tax professional, optional Software Ass...
H&R Block announces addition of Anu Gupta to its Board of Directors
Business

H&R Block announces addition of Anu Gupta to its Board of Directors

Anu Gupta, Chief Operating Officer of Jyve Corp., brings background in innovation and operational excellence KANSAS CITY, MO (STL.News) H&R Block (NYSE: HRB) announced today the appointment of Anuradha (Anu) Gupta, Chief Operating Officer of Jyve Corp., to its Board of Directors effective immediately, increasing its Board of Directors to 11. “I am pleased to welcome Anu to H&R Block’s Board of Directors,” said Robert A. Gerard, Chairman of the Board.  “Her wealth of experience leading innovation, operational excellence and growth makes her the perfect addition to the Board as we guide the long-term strategy of the company and build enduring success.  I look forward to her contributions as we serve the financial needs of consumers and small business owners.” Since 2018, Gupta has ...
H&R Block Names Jamil Khan as Chief Strategy & Development Officer
Business

H&R Block Names Jamil Khan as Chief Strategy & Development Officer

(STL.News) – H&R Block (NYSE: HRB) announces that Jamil Khan will join the company as Chief Strategy & Development Officer effective October 28, 2019.  In this role, Khan will report directly to President and Chief Executive Officer Jeff Jones, helping develop strategic initiatives, identify growth opportunities and generate value for all stakeholders. “As we continue to transform H&R Block, now is the perfect time to add a Chief Strategy & Development Officer to our organization,” said Jeff Jones, President and CEO.  “Jamil brings a wealth of diverse experiences helping brands identify new paths of growth.  His approach to change and innovation is exactly what H&R Block needs at this stage of our journey.” Most recently, Khan served as Senior Vice President of Strate...
H&R Block to invest in Kansas City startup community through KCRise Fund II
Business

H&R Block to invest in Kansas City startup community through KCRise Fund II

KANSAS CITY, MO (STL.News) - H&R Block (NYSE: HRB) will invest $2 million in KCRise Fund II, the second venture capital fund of KCRise that was launched in 2019.  The fund invests in high-growth, early-stage technology companies in the Kansas City area.  KCRise Fund’s investors include local corporations, family offices and prominent business leaders.  H&R Block’s investment is one of the largest by a local corporation to date. “Our founders, entrepreneurs Henry and Richard Bloch, pioneered the tax industry more than 60 years ago from Main Street, Kansas City.  So we know where Kansas City startups can go,” said Jeff Jones, H&R Block president and CEO.  “We are committed to helping communities everywhere to make every block better. Kansas City’s entrepreneurs – as our communit...