H & R Block Inc
Change company Symbol lookup
Select an option...
HRB H & R Block Inc
HBAN Huntington Bancshares Inc
AICAF Air China Ltd
BTZ BlackRock Credit Allocation Income Trust
SLG SL Green Realty Corp
SKT Tanger Factory Outlet Centers Inc
SJR Shaw Communications Inc
SJM J M Smucker Co
SJI South Jersey Industries Inc
SHW Sherwin-Williams Co
Go

Consumer Discretionary : Diversified Consumer Services | Small Cap Value
Company profile

H&R Block, Inc. (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories. Assisted income tax return preparation and related services are provided by tax professionals through a system of retail offices operated directly by the Company or its franchisees. It offers tax support, planning, and business accounting and advisory services to its clients. The Company offers a range of online tax services, including preparation of federal and state income tax returns, review of tax returns by a tax professional, access to tax tips, advice and tax-related news, use of calculators for tax planning, error checking and electronic filing.

Closing Price
$16.68
Day's Change
0.01 (0.06%)
Bid
--
Ask
--
B/A Size
--
Day's High
16.77
Day's Low
16.43
Volume
(Average)
Volume:
2,558,607

10-day average volume:
2,547,878
2,558,607

New Data Reveal Small Businesses Could be at Greater Risk of Financial Pitfalls Headed into the Holidays and New Year

9:40 am ET October 27, 2020 (Globe Newswire) Print

H&R Block (NYSE: HRB) has released new data from its "Small Business Recovery Series" study, revealing many small business owners could be operating with greater financial risks that could be avoided as they head into the busiest and most lucrative time of year, the holiday season.

"The most recent findings from our Small Business Recovery Series reinforce a trend we're seeing where small business owners are focused on regaining lost revenue by offering new products and services, along with growing their e-commerce presence. While this rapid adaptability is key to surviving the pandemic, running on gut instinct instead of data and without professional counsel could put them at increased risk for unanticipated financial and tax implications," said Jeff Jones, president and CEO of H&R Block.

The second installment of H&R Block's study exposes that many small businesses are:

Running on gut instinct versus facts: Nearly half of small business owners (47%) say they "almost exclusively" or "mostly" run their businesses on intuition rather than data.

Not seeking professional advice despite continuing to see a loss in revenue: Though nearly three quarters of small business owners (74%) continue to see a negative impact on their business, including a decrease in revenue since the pandemic, most small business owners (90%) have not sought financial and tax advice from a CPA or tax professional related to COVID-19 impacts.

Rapidly evolving their businesses: More than half of small business owners (52%) are transforming their businesses for digital commerce in anticipation of the earliest and largest online holiday shopping season yet, with 41% creating new services and 40% creating new products.

Disproportionately affected, with minority and female business owners reporting greater challenges: 35% of minority owners reported trouble establishing a strong digital presence as a major barrier to e-commerce, while 25% of white small business owners cited this challenge. For women business owners, 34% cited trouble establishing a strong digital presence compared to 27% of male small business owners.

Experiencing intensified anxiety given the challenges: Small business owners are now more likely to say that they are more anxious and depressed than normal (increasing from 55% this summer to 61%). Despite this, only 1 in 5 small business owners (22%) are likely to seek mental health support to deal with emotional stress because of COVID-19.

"COVID-19 has exacerbated the uncertainty small business owners already face," said Jones. "No one can solve these challenges alone, and they shouldn't have to. At H&R Block, we understand and are here to help small business owners."

A successful holiday season is crucial for small business recovery and owners' peace of mind, with no additional stimulus yet committed by the government. H&R Block supports small business owners by putting a financial lens on all aspects of their business - from understanding their revenue and cashflow to preparing for the tax implications of their new business models. The company also offers online bookkeeping, accounting, invoicing, payroll and payment software services through its subsidiary, Wave Financial.

For more information or to access the full data from the first and second wave of H&R Block's "Small Business Recovery Series" data, contact mediadesk@hrblock.com.

Research Methodology

-- 10-minute online study with n=1,110 H&R Block clients who qualified as small business owners

-- Businesses with fewer than 50 employees

-- Margin of error for this sample is +/- 2.9% at the 95% confidence level

-- Fielded September 2-15, 2020; Wave 1 fielded between July 15-21, 2020.

About H&R Block and Year-Round Small Business Support

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 Go. H&R Block believes the best solutions blend digital capabilities with human expertise and care. For more information, get H&R Block News online and follow @HRBlockNews.

For further information

Investor Relations: Colby Brown | 816-854-4559 | colby.brown@hrblock.com

Media Relations: Angela Davied | ­­816-854-5798 | angela.davied@hrblock.com

Small business owners with both brick & mortar and online presences say they will place an increased emphasis on existing digital offerings (52%), create new services (41%), and create new products (40%) in order to update their business's upcoming holiday plans.

https://ml.globenewswire.com/media/2e02de28-a0d3-4f68-b230-236d79fa5d32/small/hrblock-logo-jpg.jpg

comtex tracking

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.