Block (H.&R.), Inc. Stock Price, News & Analysis

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.

H&R Block has introduced a stimulus payment calculator and a new resource library to assist individuals, families, and small business owners impacted by COVID-19. This initiative coincides with the rollout of the second stimulus check under the Coronavirus Response and Relief Supplemental Appropriations Act of 2021. Users can estimate their potential payment amounts and get answers to frequently asked questions regarding the relief bill. The company's tax professionals are also available to provide guidance through this challenging period.

H&R Block (NYSE: HRB) is offering approved applicants access to up to $1,000 through its Emerald Advance line of credit, available until January 9, 2021. This initiative aims to alleviate financial burdens amid the ongoing challenges of 2020. Applicants must provide a current pay statement and photo ID at H&R Block tax offices, where strict COVID-19 safety measures are in place. Credit is subject to bank approval, with the typical first draw loaded onto an Emerald Card.

For more details and to apply, visit the Emerald Advance website.