H&R BLOCK (HRB) Stocks
ABOUT H&R BLOCK
📊 H&R Block, Inc. (known as H&R Block), an American tax-preparation company, was incorporated on July 27, 1955 and has its headquarters in Kansas, Missouri. The company offers consumer tax software, as well as online tax preparation and electronic filing services on its website. It also provides payroll and business services and operates in the U.S., Australia and India.
📊 As of 2018, the company operates about 12 000 retail offices globally. The company’s history can be traced back to 1946 when Henry W. Block opened a small bookkeeping business in Kansas City. Together with his brother Richard, Henry ran the United Business Company that offered accounting and related services. This led to the founding of H&R Block in 1955. The company grew quickly and went public in 1962. It expanded into the financial services arena in the 1990s. The company operates through various subsidiaries.
📊 H&R Block, Inc. filed 23 million tax returns globally in 2016. The company launched its Tax Pro Review and Tax Pro Go programs in 2017. Clients can now do their returns online with access to Block tax professional reviews to assist them.
📊 The company’s tax software versions include the Delux, Premium and Self-Employed editions.Today, the company employs about 90 000 people across its operations.
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HISTORY OF H&R BLOCK
- H&R Block, Inc. conducts its operations through a host of subsidiaries that provide assisted income tax-return preparation, digital do-it-yourself (DIY) tax-solutions and related services primarily in the U.S., Canada and Australia. Tax professionals assist clients with their tax preparations and returns. These services are also offered online.
- The company also develops applications for mobile devices that offer tax-return preparation and related products to clients. It further markets DIY desktop income-tax preparation products and services. This software offers step-by-step tax preparation interview, as well as data imports from management software, error checking and electronic filing.
- Additional services comprise features such as Refund Transfers (RTs), H&R Block Emerald Advance lines of credits (EAs), H&R Emerald Prepaid MasterCard, Peace of Mind Extended Service Plan (POM) and Tax Identity Shield (TIS). The Emerald Prepaid MasterCard enables clients to get their tax refunds directly on a prepaid debit card. The card can also be used for purchases, bill payments and ATM withdrawals anywhere where MasterCard is accepted.
- Extra funds can be added to the card year-round by means of direct deposit or at participating retail locations. The Tax Identity Shield program protects clients against unauthorized third parties filing fraudulent tax returns by using clients’ personal information. TIS offers a pre-tax season identity theft risk assessment, notification if their information is detected on a tax return filed by the company and services to assist in restoring their tax identity if needed.
VISION & VALUES OF H&R BLOCK
- H&R Block, Inc.’s mission is to offer help and inspire confidence among communities worldwide. It adheres to its founder’s principles of treating clients with respect and offering them the best service at the right price.
- The company promises to provide better results for its clients, associates and stakeholders. By operating ethically and responsibly it stimulates growth and adds value for shareholders who purchase company shares.
- The company is accountable for its decisions, actions and results, and continuously learns from experience and strives to improve.
MARKET PERFORMANCE OF H&R BLOCK
- H&R Block, Inc.trades on the New York Stock Exchange (NYSE) under the stock symbol “HRB”.
- The company is an S&P 500 component.For the third quarter 2019, the company recorded revenue of US$468.4 million, a 4.1% decrease over the previous cycle, mainly due to lower tax preparation revenues.Its operating expenses for this period increased 3.5% to US$05.5 million.
- The company’s steady presence in the market affords shareholders the confidence to buy or sell company shares in the expectation of solid dividends and returns.
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LATEST NEWS H&R BLOCK
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy H&R BLOCK Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN H&R BLOCK STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE H&R BLOCK STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of H&R BLOCK stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy H&R BLOCK stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?
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