500 Job Source
Nation's leading tax-preparation
4400 Main St.
Kansas City, MO 64111
CEO: Russ Smyth
Stock Symbol: HRB
The busiest time of the year for H&R Block is the days leading up to April 15. That's because the company is the nation's leading tax-preparation service.
In 2009, the company served 24 million customers at nearly 13,000 company-owned and franchised offices along with its TaxCut software.
H&R Block, Inc. operates in tax and business services under the brands H&R Block and RSM McGladrey. H&R Block provides income tax return preparation and related products to clients in the United States, Australia, Canada and the United Kingdom through its retail offices, software, and online. RSM McGladrey offers national accounting, tax and business consulting services to mid-sized businesses.
H&R Block has prepared more than 450
million tax returns over the past 50 years.
The company reported fiscal 2009 revenues of $4.1 billion and net income of $485.7 million.
The company had 9,200 full-time employees and 133,700 including seasonal workers during tax time.
In May, H&R Block said it would cut 400 jobs and close 400 underperforming tax offices.
Henry and Richard Bloch were born and raised
in Kansas City, the second and third sons of a prominent Kansas
City lawyer. Henry graduated from the University of Michigan,
while Richard graduated from the Wharton School of Finance at
the University of Pennsylvania. (Older brother Leon studied law
at the University of Missouri-Columbia.) During Henry's junior
year, the Japanese bombed Pearl Harbor and he enlisted in the
Army Air Corps, which eventually sent him to Harvard Business
School to study for a military career. While there, a chance
visit to the library played a pivotal role in the birth of the
"I always wanted to do something different,
something more than just a job, something to contribute to society,"
Henry recalls. "And my brothers and I were always thinking
up different businesses we could start, but none of them felt
right. Then one day I saw a little pamphlet in the Harvard library
that gave me the idea we were looking for."
The "little pamphlet" was a copy
of a speech a Harvard professor had delivered to a group of insurance
men. In it, he said there were three kinds of business: big business,
small business, and labor. "Big business and labor were
both very powerful, but small business really had no one to turn
to," he said, "and small business was really the backbone
of this country. The future", he declared, "would be
in helping small businesses."
Henry excitedly wrote his brothers about his vision of providing
accounting, temporary workers, collection, management services,
and more for small business.
The full list included well over a hundred
services - even income tax preparation.
Henry worked as a stockbroker briefly after
he got out of the Air Force. Then, with a $5,000 loan from his
aunt, the 24-year-old Henry rented a storeroom office for $50
a month and opened United Business Company. Working with his
brother Leon, Henry landed a bookkeeping assignment for a hamburger
stand eight blocks south of the rented Main Street office. More
accounts followed and the business grew. Eventually, Leon returned
to law school, and Richard became Henry's partner.
On Jan. 25, 1955, Henry and Richard Bloch
replaced United Business Company with a new firm that specialized
exclusively in income tax return preparation: H&R Block Inc.
Within weeks, the company grossed nearly a third of the annual
volume United Business Company had taken years to develop. The
IRS was about to stop filling out taxpayers' forms in New York,
too, so H&R Block opened seven offices there in 1956.
A year later, H&R Block began opening
franchise offices, and H&R Block doors swung open on Main
Streets across the country. The company went public on Feb. 13,
1962, with a $300,000 offering - 75,000 shares at $4 per share.
H&R Block became listed on the New York Stock Exchange in
- Medical Benefits: Options: PPO, HMO, EPP. We offer a broad, comprehensive
protection plan that will fit your personal needs.
- Adoption Assistance: Associates are eligible for up
to $3,000 per child to assist with recognized adoption expenses.
- Domestic Partner Plan: We extend medical and dental
coverage to domestic partners in exclusive relationships as well.
- Dental Benefits: Whether or not you elect medical coverage,
you can choose dental benefits for you, your spouse/partner or
- Vision Plan: From frames to contact lenses, we've got
- Life Insurance AD&D: We are in the financial security
business so life insurance and accidental death and dismemberment
are important components to our benefits package.
- Disability Benefits: Our Long-Term Disability plan provides
continuing income when an illness or injury prevents you from
working for an extended period of time.
- Flexible Spending Account: We know that medical and
dependent care bills can add up. That's why we offer flexible
spending accounts as an attractive way to use tax-free dollars
to cover those costs. Our dependent care spending account is
available for children or for an elderly or disabled parent.
- Stock Purchase Plan: H&R Block believes in its future
- we want you to as well. You may have part of your regular compensation
withheld from your paycheck on a monthly basis to use in purchasing
Block stock in your name - and you can withdraw shares credited
to your account at any time.
- Vacation: Time away - it's crucial. In fact, we let
you start accruing vacation time from the date you're hired.
- Tuition Assistance Plan: We encourage you to make life-long
learning a priority. That's why for our full-time associates,
we'll prepay up to $5,250 per calendar year for tuition, books
and enrollment fees after one year of employment.
- 401(k) Savings Plan: As an H&R Block associate you're
eligible to enroll in our 401(k) savings plan - and receive our
generous match of dollar for dollar on the first 5 percent of
Updated May 19, 2010