Block Advisors by H&R Block Introduces Business Formation
05 Oktober 2022 - 8:00PM
Today, Block Advisors by H&R Block (NYSE: HRB), which
specializes in serving small businesses, announced a new business
formation tool that will streamline the complicated process of
registering a business entity. According to the US Census Bureau,
more than 3.6 million new businesses have sprung up in 2022 so far.
Knowing how to position a business for success can be stressful
for a small business owner. That’s why Block Advisors decided to
connect small business owners with expertise and care to make it
easy for them to form their own business entity.
Business formation can benefit entrepreneurs by signaling their
intent to the market and boosting company credibility. It also can
be an important step in managing risk as a company grows,
separating business assets from the owner’s assets. Finally, many
small business owners don’t know that business formation can be
used as a springboard to potentially change their tax burden – an
area in which Block Advisors’ Small Business Certified Tax Pros are
uniquely positioned to provide expert advice. All in all, the
journey can feel overwhelming – especially to those new to business
ownership.
“Paperwork deadlines, complex filing forms, and various state
requirements can make business formation bumpy.” Jamil Khan,
H&R Block’s Chief Strategy and Small Business Officer,
explained, “Business formation should be a seamless process, but
small companies often don’t know how to accomplish this.”
Block Advisors’ business formation service allows small business
owners to get started in minutes and form their businesses with
confidence. Customers receive information on each type of entity –
whether S Corp, C Corp, LLC, or Non-Profit – so they can choose the
structure that works best for their situation.
“Block Advisors simplifies the business formation process,” Khan
said. “Small business owners just follow the self-service prompts
on our website. Existing tax customers can collaborate with their
Block Advisors Small Business Certified Tax Pro to make sure they
take advantage of potential tax savings they qualify for after
forming their businesses. For some businesses, these savings could
amount to thousands of dollars that can be invested back into the
business.” Those who do not see pass-through tax savings will still
benefit from potential reductions in personal risk and
simplification of their business registration experience.
This new service offering demonstrates Block Advisors’
commitment to helping entrepreneurs thrive. “Business formation is
the first step in taking your business to the next level, and Block
Advisors can be a source of help and knowledge from the start,”
Khan said.
Block Advisors’ holistic approach gives even the smallest
business access to affordable, year-round services. Block Advisors’
portfolio of solutions includes tax, bookkeeping, payroll – and now
– business formation. The latest service addition adds yet another
valuable layer of expertise and care for customers.
To those wondering if the service can help them, Khan said, “We
have over a million small business customers, including
self-employed and gig workers – we have seen it all. We take that
expertise and apply it to you.” He continued, “Entrepreneurs and
small businesses form the backbone of America’s economy – Block
Advisors empowers these visionaries with the tools and confidence
they need to ensure their businesses flourish.”
About H&R BlockH&R Block, Inc. (NYSE:
HRB) provides help and inspires confidence in its customers and
communities everywhere through global tax preparation services,
financial products, and small business solutions. The company
blends digital innovation with human expertise and care as it helps
people get the best outcome at tax time and be better with money
using its mobile banking app, Spruce. Through Block
Advisors and Wave, the company helps small-business
owners thrive with innovative products like Wave Money, a
mobile-first, small-business bank account and bookkeeping solution,
that manages bookkeeping automatically. For more information, visit
H&R Block News or follow @HRBlockNews on Twitter.
For Further Information
Investor Relations:
Michaella Gallina, (816) 854-3022, michaella.gallina@hrblock.com
Jordyn Eskijian, (816) 854-5674, jordyn.eskijian@hrblock.com
Media Relations:
Angela Davied, (816) 854-5798, angela.davied@hrblock.com
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