During the last tax season, it tests drop-off only locations and also locations that can serve a wider area.

But one of the prime places to trim space is training rooms. “The first steps we've started to take are to reduce the square footage where we know it's just simply not being utilized anymore, especially given our training model,” he said

Offices have historically had large training rooms, but with virtual delivery of instruction “that's a low-hanging fruit and square footage, which obviously helps us on the rent line.”

Those comments came as the tax services company reported net income of. $554 million for fiscal 2022, down 19 percent from $684 million for the 12 months ended June 30, 2021. Revenue for fiscal 2022 of $3.46 billion was 3.5 percent lower than the $3.59 billion for the prior ye’rs corresponding period. Last year, the company from an April 30 year end to June 30, so the year-results do not reflect a fiscal year. T

Block also said comparison were adjusted to remove the impacts of the tax season extension into July 2020 and non-recurring Emerald Card stimulus activity:

Bob Scott

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Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind