Latest news with #taxpreparation
Forbes
10 hours ago
- Business
- Forbes
HRB Stock: 7.6% Typical Jump After Earnings — Will Q4 Deliver?
H & R Block Inc (NYSE: HRB), a company based in the U.S. that is primarily recognized for its tax preparation services, is set to announce its earnings for the fiscal fourth quarter (June fiscal year) on Tuesday, August 12, 2025. Analysts forecast earnings of $2.83 per share, alongside revenue of $1.07 billion. This would indicate a 50% year-over-year increase in adjusted earnings as well as a slight rise in sales compared to the previous year's results of $1.89 per share and $1.06 billion in revenue. Historically, H&R Block shares frequently experience a boost after earnings are released, increasing half the time post-results, with an average one-day gain of 7.6% and peaks reaching as high as 20%. Also see, Buy or Sell HRB Stock? Earlier this year, management reiterated its full-year guidance, relying on growth within its DIY tax-filing platform and Wave small-business services. Q4 also represents the peak of tax season, where assisted filings and last-minute electronic submissions can significantly influence results. A stronger-than-expected performance in this area might yield positive surprises. Separately see, Is Stride's 40% Surge Just The Beginning? The company has a current market capitalization of $7.4 billion. In the last twelve months, revenue was $3.7 billion, with operational profit amounting to $808 million and a net income of $564 million. While much will hinge on how results compare to consensus forecasts and expectations, being aware of historical trends could benefit those trading on events. For those trading around earnings, being knowledgeable about HRB's historical response patterns could provide an advantage—whether by positioning ahead of the announcement or reacting swiftly to volatility following the report. If you are looking for upside with lower volatility than individual stocks, the Trefis High Quality portfolio offers an alternative, having outperformed the S&P 500 and generated returns exceeding 91% since its inception. See earnings reaction history of all stocks. Historical Odds Of Positive Post-Earnings Return Some insights regarding one-day (1D) post-earnings returns: Additional data on observed 5-Day (5D) and 21-Day (21D) returns post earnings are summarized in the table below along with the corresponding statistics. Correlation Between 1D, 5D, and 21D Historical Returns A strategy that carries relatively less risk (though it may not be useful if the correlation is weak) is to understand the correlations between short-term and medium-term returns following earnings, identify pairs with the highest correlations, and execute the appropriate trades. For instance, if 1D and 5D show the greatest correlation, a trader might take a 'long' position for the next 5 days following a positive 1D post-earnings return. Below is correlation data based on a 5-year and 3-year (more recent) history. It's essential to note that the correlation 1D_5D indicates the relationship between 1D post-earnings returns and subsequent 5D returns. Is There Any Correlation With Peer Earnings? Occasionally, the performance of peers can impact the stock's reaction after earnings are announced. In fact, the market adjustments may start occurring prior to the earnings being disclosed. Here is some historical data comparing the post-earnings performance of H&R Block stock with that of peers who reported their earnings just before H&R Block. For a fair comparison, peer stock returns are also depicted as post-earnings one-day (1D) returns. Learn more about Trefis RV strategy that has outperformed its all-cap stocks benchmark (combination of all three: the S&P 500, S&P mid-cap, and Russell 2000), delivering strong returns for investors.
Globe and Mail
5 days ago
- Business
- Globe and Mail
H&R Block Welcomes New Senior Leadership
KANSAS CITY, Mo., Aug. 07, 2025 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB), a leading provider of global tax preparation, financial products and small business solutions, today announced Jason Lenhart as Senior Vice President and Chief Technology Officer, and Monika Mehrotra as Senior Vice President, Operations & Technology. The leaders will help accelerate the company's transformation, elevating its financial services and building on its 70-year legacy of empowering financial freedom for clients through trust and technology. 'Jason and Monika bring exceptional leadership and technical depth to our organization,' said Scott Manuel, Chief Strategy & Operations Officer. 'Jason's engineering expertise and product-led mindset will help us build world-class capabilities, while Monika's global operations experience will drive efficiency and innovation across our platforms.' Jason Lenhart, Senior Vice President and Chief Technology Officer Lenhart leads the company's engineering teams in building scalable, product-driven solutions aligned with H&R Block's consumer and small business ideal states. Previously, he served as Vice President of Technology Engineering at JetBlue, where he led software development. He brings a passion for developing rich customer experiences and has led teams in the launch of well-known digital products, including HBO Max. Lenhart holds a Bachelor of Science degree in Mechanical Engineering from the University of Tennessee, Knoxville, and a Master of Science degree in Computer Science from Drexel University. Monika Mehrotra, Senior Vice President, Operations & Technology Mehrotra oversees financial products operations, fraud prevention, infrastructure, global systems, and India operations. Before joining H&R Block, she was Vice President of Global Operations at TransUnion. She brings a unique blend of engineering, global delivery, and operational excellence experience. Mehrotra holds a Bachelor of Technology degree in Computer Science from the Institute of Engineering and Technology in India and a Master of Business Administration in Finance from the University of Chicago Booth School of Business. The company recently introduced additional leadership across the organization to support the H&R Block mission. Brendan Mulryan, VP of Customer Care: Mulryan also reports to Manuel and leads the team responsible for delivering consistent, end-to-end support experiences for clients and tax associates to better serve our customers. Ian Campbell, VP of Assisted Tax Products: Campbell reports to Curtis Campbell, President, Global Consumer Tax and Chief Product Officer and leads all products that are critical for H&R Block tax office associates and customers. Keith Miller, VP of Real Estate: Miller reports to Chief Financial Officer Tiffany Mason and oversees the strategic management of our more than 6,000 company-owned locations, focusing on market planning, portfolio analysis and optimization, and property management and operations. Jessica Hazel, VP of Investor Relations: Hazel also reports to Mason and plays a vital role in shaping the company's financial narrative, driving investor engagement. Brandy King, VP of Corporate Communications: King reports to Chief Marketing & Experience Officer Jill Cress and oversees field and internal communications, media relations, corporate reputation, storytelling, executive visibility, and crisis management. For more information about H&R Block, visit About H&R Block H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients 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 also be better with money using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R Block News.
Globe and Mail
17-07-2025
- Business
- Globe and Mail
Tax Preparation and Bookkeeping Demands Met Nationwide by IBN Technologies
IBN Technologies supports U.S. businesses by managing tax preparation and bookkeeping with precision and consistency. Companies benefit from reduced filing delays, improved multi-state accuracy, and better year-end control, enabling smoother audits and uninterrupted financial cycles. Miami, Florida, 17 July 2025 In response to increased compliance pressure, U.S. businesses are pursuing dependable external partnerships for financial reporting. Companies seeking to stay ahead of timelines are placing operational focus on timely record handling. This pivot highlights how tax preparation and bookkeeping are becoming critical points in the financial workflow. With outsourcing delivering consistency in filings, many organizations are adjusting their service models to include expert-driven assistance. These relationships are reshaping internal responsibilities, giving staff the ability to prioritize daily functions while maintaining regulatory compliance. It's also influences decisions around accounting & tax services, where reliability and speed are crucial. The nationwide adoption of these support models reflects a broader reliance on outsourced financial precision. Make informed corporate tax decisions with professional support Get a Free Consultation: Reporting Delays Challenge Internal Teams With rising operational pressure and higher compliance expectations, many companies are falling behind in financial processes. Teams are overwhelmed, unable to meet deadlines, or deliver consistent output. Missing structured workflows intensifies these problems. Unmet deadlines due to overload Duplicate errors in reporting tasks Poor expense data hurting records No backups during tax timelines Compliance draining internal efforts Documentation delays stacking up Mismatched reports under audit scrutiny Prolonged review times internally Periodic financial cycles in distress Internal challenges are becoming more evident as the workload outpaces manual capacity. To regain consistency, businesses are adopting outsourcing tax preparation services as a core part of financial continuity. Streamlined Finance With Outsourcing Finance leaders are addressing growing compliance demands by moving critical work to outside specialists. Manual processes frequently cause delays, leaving teams unable to respond swiftly to deadlines. Outsourcing bridges that gap, offering reliability, speed, and control across reporting windows. This is especially true for essential functions like tax preparation services, which benefit from expert handling. ✅ Shortened timelines using digital document review ✅ Guaranteed timely return preparation and filing ✅ Easy access to stored reports and statements ✅ Professionals available year-round for consultation ✅ Checked and verified entries reduce misreporting ✅ Flexible options for managing high-volume periods ✅ Transparent updates sent on a regular schedule ✅ Auditable reports matching current legal guidelines ✅ Seamless integration with client-preferred systems ✅ Protected access through secured data platforms The shift to outsourcing helps companies achieve uninterrupted performance without overburdening internal resources. Turning to tax preparation and bookkeeping experts like IBN Technologies has become an essential path toward consistent financial control. Outsourcing Delivers Real Results As compliance pressure grows, businesses are finding relief through professional tax outsourcing. With industry-trained teams, they're navigating complexity with improved timing and accuracy. This outside support reduces friction and boosts year-end readiness. ✅ Entity-level complexities simplified by skilled teams ✅ Filing errors drop with expert coordination ✅ Workflow improvements through consistent documentation Outsourcing tax preparation and bookkeeping functions to partners like IBN Technologies is giving U.S. businesses the confidence to meet tax demands while keeping internal systems balanced and productive. Strategic Support Strengthens Tax Handling Businesses today face tightening deadlines and evolving tax rules that stretch in-house capacity. Turning to experienced partners allows financial teams to stay current, accurate, and well-prepared. External tax professionals offer reliable support during heavy compliance periods, helping organizations reduce risks and maintain smoother operations. In particular, Tax preparation and bookkeeping assistance has helped ease internal burdens when every minute matters. By organizing books and improving documentation flow, outsourcing ensures teams avoid last-minute surprises. Their involvement improves reporting accuracy, speeds up reviews, and prepares records for audits or submission with fewer issues. Having the support of a tax audit ready service helps businesses not only meet expectations but also stay confident throughout the filing cycle. As the pressure to perform rises, professional assistance is no longer a luxury—it's essential for financial continuity. Related Services: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive AR efficiency and growth.
Globe and Mail
10-07-2025
- Business
- Globe and Mail
Outsource Tax preparation services delivery enhance for USA clients through IBN Technologies
"Outsource Tax preparation services [USA]" U.S. companies are moving away from manual tax filing to outsource tax preparation services with structured support, expert teams, and reliable compliance solutions. The press release highlights the shift in business strategy, key challenges in internal tax processes, and how firms like IBN Technologies are offering customized tax support, helping businesses meet seasonal deadlines with improved accuracy and efficiency. Miami, Florida - 10 July, 2025 - Business tax preparation in the USA is undergoing a notable transition. Many companies still manage filings in-house through traditional paperwork and spreadsheets, navigating their way through deadlines using internal accounting teams. However, a broader shift is steadily progressing, where decision-makers are rethinking how to handle compliance without exhausting internal resources. Outsource tax preparation services have now become a preferred pathway for businesses aiming to simplify end-of-year reporting. Finance departments that once relied heavily on internal methods are observing how outsourced options offer more flexibility, structure, and efficiency. With tighter deadlines, ever-changing tax codes, and growing expectations from both federal and state agencies, companies are gradually turning toward managed processes. Firms such as IBN Technologies are now becoming part of this movement by helping businesses outsource tax preparation services with purpose-built procedures, seasonal readiness, and review-driven workflows. Avoid errors and late filings with proactive support Get a Free Consultation: Persistent Challenges in Tax Compliance Inflationary shifts are affecting internal cost structures and making year-end compliance more intensive. As operating costs increase, internal finance teams are being stretched to meet their routine work alongside seasonal tax requirements. Tax management is becoming a more layered and specialized activity. Manual filing delays extend pressure during quarterly and annual closings Regulation updates complicate accurate state and federal tax preparation Limited access to licensed tax professionals delays critical review stages Overloaded staff leads to slower documentation and overlooked items Paper-based workflows increase the chances of missing eligible deductions In-house resources need recurring updates on policy changes Lack of systemized tracking raises audit risks and correction workloads With these ongoing challenges, companies are re-evaluating how best to manage compliance. Experts suggest that strategic outsourcing may be the most practical route for businesses that want to maintain efficiency without increasing in-house tax burdens. Professionals well-versed in IRS and state documentation requirements are now delivering focused solutions through reliable tax and accounting service teams. For companies balancing expanding operations with internal limitations, outsourcing tax preparation services has become more than just an option—it has turned into a timely financial decision. Outsourcing Brings Structured Support Experienced tax professionals are now offering real-time guidance and document accuracy throughout the filing lifecycle. Businesses benefit from more structured schedules, accurate deliverables, and professional oversight—allowing them to navigate compliance with confidence. • Annual tax reports are handled by skilled, certified professionals • Compliance checks are integrated into each stage of documentation review • Federal and multi-state filings are filed using authenticated systems • Dedicated support is provided during IRS inquiries or audit scenarios • Cloud-based dashboards enable document access and approval tracking • Financial statement reconciliation aligns with final return outputs • Industry-specific deductions are identified through expert-led analysis • Filing calendars ensure key deadlines are managed without delay These services are designed to ease seasonal filing burdens and maintain year-round accuracy. Businesses opting to outsource tax preparation services in the USA are experiencing improved timelines and more dependable documentation cycles. IBN Technologies is at the center of these transitions, offering customized tax preparation support through structured, expert-backed procedures. The company has helped streamline filings for enterprises that once depended entirely on in-house teams. As firms seek greater consistency, outsource tax preparation services continue to gain attention as a practical alternative to seasonal hiring or overburdened finance teams. This method enables companies to remain audit-ready, reduce error margins, and scale up support based on file volumes. Consistent Filing Builds Confidence Businesses in the U.S. that have embraced outsourced tax services are experiencing smoother filing cycles and improved audit readiness. With proactive preparation and structured review processes, outsourcing has brought predictability and peace of mind to tax season. Accuracy and consistency are now part of routine financial operations for many companies. • Audit confidence improved through complete, pre-reviewed tax documentation • Quarterly and annual filings maintained with consistent accuracy levels • Timely submissions helped reduce penalties and improve compliance clarity These results highlight how outsourcing brings long-term value to businesses that prioritize accuracy and timing. IBN Technologies enables firms to reach these same outcomes by providing structured support, well-managed compliance schedules, and expert review at every step. U.S. companies that adopt outsource tax preparation service models are now seeing these gains year after year. Decisions Shaping the Future of Tax Filing American businesses are choosing managed services to help reduce compliance complexity, especially during the high-pressure periods surrounding tax deadlines. Many companies are now choosing to outsource tax preparation services to align with external experts who can handle the preparation, submission, and post-filing reconciliation in a streamlined manner. What is unfolding is a movement toward simplified management where structured workflows replace time-consuming internal processes. Tax preparation service providers such as IBN Technologies are helping businesses meet regulatory demands with expert knowledge, time delivery, and dependable file-readiness. This forward-looking shift is giving finance leaders the flexibility to plan better, stay ahead of deadlines, and avoid unnecessary rework. Looking ahead, more U.S. organizations are expected to transition from manually handling tax obligations to structured partnerships. These models help simplify compliance requirements while aligning with broader financial objectives. With consistent tax filing support, form filings, and documentation accuracy, companies are building tax calendars that are proactive rather than reactive. Related Services: Outsource Payroll Processing Services: Outsource Bookkeeping Services: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive AR efficiency and growth. Media Contact Company Name: IBN Technologies LLC Contact Person: Pradip Email: Send Email Phone: +1 844-644-8440 Address: 66, West Flagler Street Suite 900 City: Miami State: Florida 33130 Country: United States Website:
Globe and Mail
08-07-2025
- Business
- Globe and Mail
Outsource Bookkeeping Services Elevate U.S. Real Estate Firms with IBN Technologies
"Outsource Bookkeeping Services [USA]" IBN Technologies offers a competitive edge to real estate businesses through expert outsource bookkeeping services. Their team handles tax preparation, project-level cost control, and cash flow management using cloud-based platforms. With proven results across states like Florida and Arizona, IBN enables businesses to cut overhead, boost ROI, and maintain financial clarity through trusted support and real-time reporting. Miami, Florida - 08 July, 2025 - As the U.S. real estate industry continues to evolve, the demand for adaptable monetary management grows stronger. Utilizing outsource bookkeeping services allows property businesses to maintain compliance with shifting tax regulations, reduce financial mismanagement, and eliminate unnecessary overhead. These services simplify financial tracking, improve transparency, and allow businesses to focus more effectively on scaling operations. Through modern cloud-based platforms, outsource bookkeeping services enable real estate professionals to access up-to-date financial data from any location. Firms such as IBN Technologies deliver targeted solutions specifically designed for the real estate environment. Their offerings support smoother collaboration across teams and provide accurate, real-time financial reporting to aid in strategic planning. This results in more efficient operations and allows businesses to prioritize their core goals. Improve financial oversight with a risk-free outsource bookkeeping trial Start Free Trial: Critical Bookkeeping Concerns for Small Enterprises Many small businesses face ongoing bookkeeping challenges in maintaining accurate bookkeeping due to limited staff and resources. Managing frequent transactions, tracking income and expenses, and adhering to ever-changing tax codes can become overwhelming. Cash flow monitoring is a common concern. Outsourcing bookkeeping delivers scalable, reliable support, reducing internal burdens while enhancing financial reliability. • Executing multifaceted real estate transactions with consistency and accuracy • Managing incoming funds and obligations for complex developments • Measuring profitability across various property construction efforts • Logging rental revenues and property expenditures precisely These financial responsibilities also extend to industries that need services like bookkeeping for construction company operations, where clear financial reporting is essential to project success. Comprehensive Real Estate Bookkeeping by IBN Technologies IBN Technologies delivers specialized outsource bookkeeping services for real estate businesses throughout Texas. With a foundation built on domain expertise and structured processes, their services ensure financial accuracy, transparency, and cost-effective support. Their customized models are adaptable to each client's needs, offering scalable options that align with organizational growth and compliance requirements. IBN Technologies' Key Services Include: • Real Estate Transaction Handling: Managing client payments, commissions, and escrow activities to maintain clean financial flows • Liquidity and Obligation Oversight: Supervising rent income and project-related expenses to optimize financial positioning • Rent and Cost Monitoring: Leveraging tools such as bookkeeping software for rental property to ensure precise expense tracking • Development Project Evaluation: Measuring revenues and costs on building projects—comparable to standards used in bookkeeping for construction companies • Periodic Financial Statements: Delivering financial summaries including profit and loss reports, cash flow statements, and balance sheets • Filing and Compliance Organization: Preparing data for regulatory reporting, ensuring full compliance with real estate tax standards IBN Technologies incorporates widely used accounting platforms like Sage Intacct, QuickBooks, and Xero, offering seamless system integration. Their services also apply to Texas businesses requiring bookkeeping contractors, especially where job-specific cost management is vital. This integrated, software-backed approach ensures financial clarity and supports better decision-making. Affordable Bookkeeping Trial for Growing Businesses IBN Technologies makes premium outsource bookkeeping services accessible at hourly rates starting at just $10. Clients can benefit from a 20-hour complimentary trial, enabling them to test service quality, turnaround time, and process efficiency with zero risk. Numerous real estate firms have partnered with IBN Technologies for consistent, high-quality outsource bookkeeping services, reporting substantial operational benefits and improved accounting control: • A Texas-based development group achieved 3x ROI and reduced its monthly accounting budget by 65% after outsourcing to IBN Technologies • A real estate agency in Texas boosted audit readiness by 95% and improved reporting precision through remote support solutions Alongside real estate firms, IBN Technologies also caters to organizations that depend on structured construction bookkeeping services to manage complex finances with accuracy and control. Find the right plan tailored to your company's real estate bookkeeping requirements See Our Flexible Plans Here: IBN Technologies Leads the Shift Toward Scalable Real Estate Finance Solutions As financial regulations grow stricter, and businesses confront operational challenges, outsourced services have emerged as an essential strategy. Companies now look for dependable partners who provide both domain knowledge and operational flexibility. IBN Technologies responds to these needs with customized offerings that enhance real estate financial performance. Industry experts anticipate the rising adoption of outsourced financial support as firms focus on accuracy, compliance, and business continuity. IBN Technologies is already driving this momentum through platform innovation, service expansion, and client-centric delivery. By offering future-ready solutions, the company ensures real estate firms can scale with confidence and clarity. As reliance on strategic outsourcing increases, partners like IBN Technologies will continue shaping the direction of monetary management in the property sector. Related Services: Outsourced Finance and Accounting: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
