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H&R Block, Inc., or H&R Block, is an American tax preparation company operating in Canada, the United States, and Australia. The company was founded in 1955 in Kansas City, Missouri, by brothers Henry W. Bloch and Richard Bloch. As of 2018, H&R Block operates approximately 12,000 retail tax offices staffed by tax professionals worldwide.
Jones took his first chief executive post when became president and CEO of H&R Block, a Kansas City, Missouri–based tax preparer, on October 9, 2017. [ 14 ] [ 17 ] He replaced Tom Gerke, who was interim CEO following the retirement of former CEO Bill Cobb.
RSM McGladrey was established under the partnership agreement with H&R Block to provide tax and advisory services under an alternative practice structure. In August 2011, H&R Block announced the conclusion of the partnership, divesting RSM McGladrey to McGladrey & Pullen and reuniting the firms in their traditional partnership structure.
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As of 2017, the Tax Cuts and Jobs Act contributed to the over complication of tax filing. The statistics researched by the non-profit Prosperity Now proves VITA to be a relevant necessity in poverty reduction. Today, tax preparation remains a highly unregulated industry and around 60% of all taxpayers turn to a paid preparation service.