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.
Wave Financial has unveiled Wave Money, a revolutionary banking and bookkeeping solution aimed at small business owners. This platform eliminates banking fees and provides automatic bookkeeping, allowing users to access their funds instantly. Small businesses often incur over $425 in annual bank fees, which Wave Money addresses by introducing fee-free accounts with no minimum balance requirements. Key features include real-time bookkeeping, mobile check deposits, and access to a wide ATM network. With these offerings, business owners can streamline financial management and focus on core operations.
H&R Block (NYSE: HRB) will release its fiscal 2020 results on June 16, 2020, after the NYSE market closes. This will be followed by a conference call at 4:30 p.m. ET to discuss the results and future outlook. Investors can access the call by dialing U.S./Canada (866) 987-6821 or International (630) 652-5951. An online webcast will also be available on the company's investor relations website. A replay of the call will be accessible for seven days post-event. H&R Block focuses on tax preparation, financial services, and small business solutions.
H&R Block (NYSE: HRB) has launched a new Recovery Action Plan service, aimed at assisting small businesses in navigating CARES Act relief options amid COVID-19 challenges. The service includes a one-on-one consultation for $99, where owners can learn about eligible loan programs, tax credits, and receive a customized action plan. Additional services include a free Second Look® review of prior tax returns and a discount on 2019 tax preparation fees. This initiative supports H&R Block’s commitment to helping small businesses recover and thrive.
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