Block Advisors by H&R Block introduces business creation

KANSAS CITY, Mo., Oct. 05, 2022 (GLOBE NEWSWIRE) — Today, Block Advisors by H&R Block (NYSE: HRB), which specializes in serving small businesses, announced a new tool for creating company that will streamline the complicated process of registering a business entity. According to the US Census Bureau, more than 3.6 million new businesses have started in 2022 so far.

Knowing how to position a business for success can be stressful for a small business owner. That’s why Block Advisors decided to connect small business owners with expertise and care to make it easier for them to set up their own business entity.

Business creation can benefit entrepreneurs by signaling their intent to the market and building business credibility. It can also be an important step in managing risk as a business grows, by separating business assets from owner assets. Finally, many small business owners are unaware that starting a business can be used as a springboard to potentially change their tax burden – an area where Block Advisors Certified Small Business Tax Experts are uniquely positioned. to provide expert advice. Overall, the journey can seem overwhelming, especially for new business owners.

“Paperwork delays, complex filing forms, and various state requirements can make starting a business bumpy.” Jamil Khan, Director of Strategy and Small Business at H&R Block, explained: “Starting a business should be a seamless process, but small businesses often don’t know how to get there.

Block Advisors’ business creation service allows small business owners to get started in minutes and build their business with confidence. Clients receive information about each type of entity – whether S Corp, C Corp, LLC, or nonprofit – so they can choose the structure that best suits their situation.

“Block Advisors simplifies the process of starting a business,” Khan said. “Small business owners just need to follow the self-service prompts on our website. Existing tax clients can work with their Small Business Certified Tax Pro Block Advisors to ensure they take advantage of the potential tax savings they are entitled to after setting up their business. For some businesses, these savings could add up to thousands of dollars that can be reinvested back into the business. Those who don’t see pass-through tax savings will still benefit from potential reductions in personal risk and the simplification of their business registration experience.

This new service offering demonstrates Block Advisors’ commitment to helping entrepreneurs thrive. “Starting a business is the first step to taking your business to the next level, and Block Advisors can be a source of help and knowledge right from the start,” Khan said.

Block Advisors’ holistic approach allows even the smallest businesses to access affordable services all year round. Block Advisors’ portfolio of solutions includes tax, accounting, payroll – and now – business formation. The latest service addition adds yet another valuable layer of expertise and customer care.

To those wondering if the service can help them, Khan said: “We have over a million small business customers, including freelancers and gig workers – we’ve seen it all. We take that expertise and apply it to you. He continued, “Entrepreneurs and small businesses are the backbone of America’s economy – Block Advisors gives these visionaries the tools and confidence they need to drive their businesses forward.”

About H&R Block
H&R Block, Inc. (NYSE: HRB) helps and inspires confidence in its customers and communities around the world through global tax preparation services, financial products and solutions for small businesses. companies. The company combines digital innovation with human expertise and care as it helps people get the best outcome at tax time and better manage their money through its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small business owners thrive with innovative products like Wave Money, a mobile banking account and small business accounting solution that automatically handles accounting. For more information, visit H&R Block News or follow @HRBlockNews on Twitter.


        

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