H&R Block, Inc. Adds New Self-Employed Product Integrates Stride’S Tax App, Talks Business, Delivers Value and Expertise
January 05, 2018 at 04:00 pm
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H&R Block, Inc. is adding a new Self-Employed product designed specifically for the estimated 60 million freelancers, independent contractors, and other self-employed taxpayers. Self-Employed integrates the mobile expense tracking app Stride Tax, and joins H&R Block More Zero?, Deluxe and Premium in the H&R Block Online DIY product lineup. H&R Block’s online Self-Employed product makes recommendations, and asks questions about different types of income, startup costs and expenses. It is specifically designed for self-employed workers and small business owners who file Schedule C; Schedule C-EZ for filers with simple earnings and expenses is included in the Premium online product. These are among the tax/financial situations for which Self-Employed clients will find support: Income from 1099-MISC, 1099-K, receipts and sales; Business expenses – advertising, legal fees, employee wages, business insurance, cleaning expenses, day care expenses, etc.; Cash or accrual accounting method; Inventory; Net gain or loss; Employees; Depreciation – vehicles and other equipment; Home office – utilities, mortgage interest, real estate taxes, etc.; and Prior-year, unallowed passive activity losses.
H&R Block, Inc. is engaged in providing tax preparation services, financial products, and small business solutions. The Company provides assisted and do-it-yourself (DIY) tax return preparation solutions through multiple channels, including in-person, online and mobile applications, virtual, and desktop software and distributes H&R Block-branded services and products. It also offers small business financial solutions through its Company-owned and franchise offices and online through Wave. The Company provides additional services, including Refund Transfers (RT), Peace of Mind Extended Service Plan (POM), H&R Block Emerald Prepaid Mastercard (Emerald Card), H&R Block Emerald Advance Lines of Credit (EA), Tax Identity Shield (TIS), Refund Advances (RA), and small business financial solutions. The RTs enable clients to receive their tax refunds by their chosen method of disbursement and include a feature enabling clients to deduct tax preparation and related fees from their tax refunds.