Accounting News

Monday, October 3, 2011
ExpressTax is Closing

H&R Block has announced that it is going to stop service under the ExpressTax brand. The brand focused on early filers that desired quick refunds. There are 269 ExpressTax franchise offices. Some offices will join the main H&R Block brand. The move is in line with the announcement that they were halting thier refund anticipation loans for the 2011 tax season.

The move will cost the company a pretax charge of $0.02 to $0.03 per share.