Profile: H & R Block Inc (HRB)
20 May 2019
H&R Block, Inc. (H&R Block), incorporated on July 27, 1955, 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.
The Company develops and offers applications for mobile devices, which provide tax return preparation and related services and products to clients, including online tax preparation and tools that complement its other tax preparation services and products. The Company develops and markets DIY desktop income tax preparation software. Its desktop software offers a step-by-step tax preparation interview, data imports from money management software, calculations, completion of the appropriate tax forms, error checking and electronic filing. The Company's desktop software may be purchased online, through third-party retail stores or through direct mail. In addition to its tax services and products, the Company also offers clients a number of additional services, including refund transfers that include a fee deduction feature Refund Transfers (RTs), H&R Block Emerald Advance lines of credit (EAs), H&R Block Emerald Prepaid MasterCard, Peace of Mind Extended Service Plan (POM), Tax Identity Shield (TIS), and, for its Canadian clients, a refund discount (Cash Back) program.
The Company's RTs allow clients to receive tax refunds by their chosen method of disbursement and include a feature allowing clients to deduct tax preparation and service fees from their tax refunds. EAs are unsecured lines of credit offered to clients in the Company's offices, typically from late November through mid-January. The H&R Block Emerald Prepaid MasterCard allows clients to receive their tax refunds from the internal revenue service (IRS) directly on a prepaid debit card, or to direct RT proceeds to the card. The card can be used for everyday purchases, bill payments and automated teller machine (ATM) withdrawals anywhere MasterCard is accepted. Additional funds can be added to the card year-round through direct deposit or at participating retail locations. The Company offers POM to the United States clients. The Company's TIS is a service program, which offers clients assistance obtaining an IRS Identity Protection, when eligible, to protect against unauthorized third parties filing a fraudulent tax return with their information. TIS also includes a pre-tax season identity theft risk assessment, notification if their information is detected on a tax return filed through H&R Block and access to services to help restore their tax identity if necessary.
The Company competes with Intuit, Inc.
H & R Block Inc
1 H And R Block Way
KANSAS CITY MO 64105-1905