Block Advisors Year-Round Tax Prep Service Celebrates One Year
January 11 2017 - 6:00AM
H&R Block (NYSE:HRB), the company that invented the tax
preparation category, enters its second tax season with Block
Advisors. With 61 offices added in the last year, a total of 347
Block Advisors offices partner with individuals and small
businesses to eliminate the stress of taxes and to minimize tax
liability. Block Advisors is marking the milestone with a
partnership, an event and tax advice.
Photos accompanying this announcement are available at
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“In our first year, our tax advisors have forged
relationships with individuals and small-business owners capturing
all the credits and deductions due. Our bookkeepers have taken
accounting tasks off business owners’ plates allowing the focus to
remain on growing the owner’s business,” said Kip Knight, H&R
Block senior vice president of Block Advisors.
Strategic partnership
Last month, Block Advisors partnered with Xero, a
leading cloud-based accounting software for small businesses. Block
Advisors’ clients and bookkeepers will use Xero to manage financial
data enabling Block Advisors bookkeepers to provide payroll,
bookkeeping, and tax compliance. The partnership further enhances
Block Advisors services to small businesses by giving them a
technological edge with the most modern, cloud-based financial
management tools.
“In our search for a partner to serve client needs,
we evaluated the industry leaders. We assessed on multiple
criteria. The technology and service provided by Xero was the clear
winner,” said Knight. “Our bookkeeping services coupled with Xero’s
technology and user-friendly solution, allows Block Advisors to
remove much of the burden small businesses face when managing their
finances.”
Marking anniversary in offices
Block Advisors offices will host a networking event
for professionals on Thursday, January 12 from 3 p.m. to 7 p.m.
Small-business owners and business professionals are invited to
meet the tax advisors serving their community and talk about tax
law changes, tax planning, sales and use taxes and other services
available through the offices.
Block Advisors’ tax advisors average 15 years of
tax preparation experience. Many of the tax advisors are Certified
Public Accountants, Enrolled Agents or have received H&R
Block’s highest level of certification.
Small business tax tip
Taxpayers who run a small business or are starting
a new business have some more stability this year – at least as far
as their tax returns go. Because of permanent changes the
Protecting Americans from Tax Hikes (PATH) Act made to the tax
code, small businesses have added certainty around the research tax
credit allowing businesses without a taxable income – a common
situation for a lot of new businesses and startups – to
qualify.
Tax planning also has more certainty. The PATH Act
permanently set limits and phase-out thresholds for expensing
qualifying property costs helping businesses plan capital
expenditures. Employers also have a new deadline to file W-2s with
the Social Security Administration. Employers are mandated to send
employee W-2s by January 31.
Small businesses can read more about benefits that
the PATH Act made permanent, expanded or extended at
hrblock.com/path. Small-business owners and taxpayers can learn
more about Block Advisors and set an appointment with a local tax
advisor at www.blockadvisors.com.
About H&R Block H&R Block,
Inc. (NYSE:HRB) is a global consumer tax services provider. Tax
return preparation services are provided by professional tax
preparers in approximately 12,000 company-owned and franchise
retail tax offices worldwide, and through H&R Block tax
software products for the DIY consumer. H&R Block also offers
adjacent Tax Plus products and services. In fiscal 2016, H&R
Block had annual revenues of over $3 billion with 23.2 million tax
returns prepared worldwide. For more information, visit the H&R
Block Newsroom at http://newsroom.hrblock.com/.
About XeroXero is beautiful,
easy-to-use online accounting software for small businesses and
their advisors. The company has 862,000 subscribers in more than
180 countries. Xero seamlessly integrates with over 500 apps. It
was ranked No. 1 by Forbes as the World's Most Innovative Growth
Company in both 2014 and 2015, while Canstar Blue rated Xero
Australia’s best accounting software in 2015 and 2016 based on
research from 800 small businesses.
For Further Information
Gene King, 816-854-4287, mediadesk@hrblock.com
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