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H&R Block, Inc. reports developments across its tax preparation, financial products, and small-business services business. Recurring updates cover assisted tax preparation, digital do-it-yourself filing, AI-enabled tax tools, changes in tax rules affecting filers, and seasonal operating results across U.S. assisted, DIY, international, Refund Transfer, and Wave activity.
The company also issues updates on capital allocation, including quarterly dividends and share repurchases, and on products tied to year-round money management and small-business support. Its brands and platforms include Spruce, Block Advisors, and Wave, which provide mobile banking, bookkeeping, payroll, advisory, and payment-processing services alongside the company’s core tax offerings.
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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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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.