Explore the latest trends in accounting regulations with a focus on financial reporting, ESG factors, and the impact of SEC's new disclosure requirements.
Read more...
Explore how modern accounting firms can thrive by embracing technology, enhancing client relationships, and staying informed on regulatory changes.
Read more...
Discover how quantum computing is poised to transform accounting, offering unparalleled speeds and efficiency in data processing, financial analysis, and real-time decision-making.
Read more...
Explore the latest trends in corporate tax compliance, including technological advancements, IRS updates, and international tax regulations. Stay informed on the complexities and solutions for effective tax planning.
Read more...
Explore the latest changes in sales tax compliance and economic nexus affecting businesses. Learn how recent rulings and technology are shaping tax strategies.
Read more...
Explore recent leadership changes at Deloitte and PWC, highlighting strategic shifts towards innovation and sustainability within the accounting industry.
Read more...
Payroll isn’t just a back-office function; it’s a strategic engine that powers both financial performance and employee confidence. Every payroll run influences cash flow, compliance, and reporting accuracy, while shaping how employees perceive their value within the organization. This special report reframes payroll as a critical driver of financial discipline and a cornerstone of the employee experience, elevating it from…
H&R Block has rebuilt a program that gave taxpayers the opportunity to have their returns prepared online and reviewed by a tax professional and relaunched it as "Best of Both." As described by Sabrina Wiewel, the tax preparation company's chief tax network officer, it's a much different program than the one Block offered during the 2009 tax season.
"Last year, this client product grew even with just an OK product. We’ve gutted it and we rebuilt it based on customer feedback," Wiewel said during this week's conference call about Block's financial results for the second quarter ended October 30. The program enables clients to prepare a return on line and then have a tax professional review, edit and sign it.
Wiewel said the program's design will allow Block to rapidly expand it, which she said is already planned.
Best of Both represents part of a renewed emphasis on digital products, including the rebranding of the company's TaxCut tax preparation software as H&R Block at Home as the company sets about to correct what it sees as Block's not getting its fair share of the online market.
Some major points, such as rebranding the product, are clear responses to the success of Intuit, whose TurboTax is the dominant product in the consumer market. Chief marketing officer Robert Turtledove, without mentioning Intuit, noted the importance of free offerings in online tax preparation, something that has been important as outlined in presentations by Intuit CEO Brad Smith.
"We’re not going to shy away from using free in our online marketing in order to attract people in because we know free is a critical ante, a gateway into the digital segment," Turtledove said. He described free offerings for those with simple returns as a way to introduce them to Block, which hopes to pick up their business as their tax returns get more complicated.
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
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.