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Financial Services Franchise Industry News & Announcements brings you the latest in Financial Services franchising news from around the web. As one of the most trusted news sources for the Financial Services franchise industry, streams hundreds of the latest news directly to your desktop.

H&R Block CEO Statement On IRS Working Group On Identity Theft And Refund Fraud »

March 20, 2015 at 3:49AM PDT | Source: H&R Block

KANSAS CITY, MO  - (Marketwired) - March 19, 2015 - H&R Block (NYSE: HRB) released the following statement from its president and CEO, Bill Cobb:
"I applaud Commissioner Koskinen for organizing this important meeting. We are here today because an explosion of stolen identity refund fraud (SIRF) through DIY tax preparation methods this tax season has highlighted a problem that is costing our country over $5 billion a year and has victimized some three million taxpayers since 2010. We are also here because this SIRF threat will continue to grow without a set of mandatory standards in the DIY tax space. Today's meeting is the first step to stop talking about the problem and start solving it; a collaboration of industry, the IRS, Treasury Department, Congress and state departments of revenue to develop effective fraud prevention protocols and processes...

BookKeeping Express Partners With Bottle And Bottega To Boost Paint-and-Sip Franchise's Bottom Line »

March 18, 2015 at 9:38AM PDT | Source: Bookkeeping Express Centre

March 18, 2015 // // TYSONS CORNER, Va. – BookKeeping Express (BKE) has partnered with Bottle and Bottega, a leading paint-and-sip franchise, to improve the organization's financial well-being through its specialized franchisor accounting platform. Leveraging its expertise in personalized business bookkeeping services, BKE will help Bottle and Bottega streamline processes and improve financial reporting.
Integrating secure, cloud-based technology with oversight from a team of accounting experts, BKE offers a much-needed service to small- and medium-sized businesses by offering a full range of bookkeeping and financial reporting services traditionally only available to big corporations. Leveraging the consistency and scale of its franchisor accounting platform, BKE offers a suite of integrated Business Process Outsourcing (BPO) services, such as setting up charts of accounts and general ledgers, monthly data entry, and processing and managing accounts payable and accounts receivable, for the same price that its competitors would charge for only journal entry...

Survey: More Taxpayers Willing To Confirm ID, Answer More Questions To Combat Tax Fraud »

March 17, 2015 at 5:10AM PDT | Source: H&R Block

Consumers Willing to Providing Additional Documentation, Request Tax Preparers Meet Minimum Standards
KANSAS CITY, MO - (Marketwired) - March 17, 2015 - A survey from H&R Block (NYSE: HRB), the world's largest consumer tax services provider, found that 96 percent of consumers are willing to take action to combat tax fraud. Some of the top responses include answering additional questions on their returns, providing additional documentation, using a professional tax preparer who is regulated by the IRS and answering questions to confirm their identity when using do-it-yourself software or websites.
"We believe challenging suspicious activity -- before returns get to the IRS -- is the right thing to do," said Bill Cobb, H&R Block president and CEO...

Another Chance For Taxpayers To Avoid Penalties, Enroll In Health Care »

March 16, 2015 at 5:14AM PDT | Source: H&R Block

Special Enrollment Period Began March 15 and Ends April 30 for Qualifying Taxpayers
KANSAS CITY, MO - (Marketwired) - March 16, 2015 - H&R Block (NYSE: HRB), the world's largest consumer tax services provider, advises taxpayers without health insurance that they may have one more chance to enroll in health insurance and avoid growing tax penalties for 2015. Taxpayers who paid a penalty for being without insurance in 2014 and did not know they faced a penalty until after open enrollment ended on February 15, 2015 may qualify for a special enrollment period March 15 through April 30, 2015.
If they qualify for special enrollment based on the federal or state Marketplace's standards, taxpayers may use H&R Block's nationwide health insurance enrollment services through its partnership with GoHealth...

H&R Block And GoHealth Help Nation's Uninsured Get 'Second Chance' To Enroll In Health Insurance And Avoid Tax Penalties »

March 12, 2015 at 4:21AM PDT | Source: H&R Block

CHICAGO, IL-(Marketwired - Mar 12, 2015) - Ahead of the nation's health insurance Special Enrollment Period for select taxpayers, GoHealth and H&R Block are positioned to help consumers enroll in affordable health coverage.
Although the 2015 health insurance marketplace Open Enrollment Period ended February 15, some consumers will have a second chance to enroll in health coverage from March 15 to April 30. The U.S. Department of Health and Human Services and most state-based marketplaces created this Special Enrollment Period specifically for those people who learn they will face a shared responsibility payment - or penalty - for not having qualified health insurance coverage in 2014 when they file their taxes. In fact, data released by H&R Block showed that the average penalty is more than $170...

Dallas Agent Alan Press Quadruples Income With United Real Estate »

March 12, 2015 at 4:17AM PDT | Source: United Real Estate

Selling more than $7.5 million in real estate in 2014, Press ranks nationally.
March 12, 2015 // // KANSAS CITY, MO. - United® Real Estate, a fast-growing real estate and franchise operation company, announces that Alan Press of United Real Estate – Dallas ranks among the top sales agents for 2014. Beginning his real estate career in 2008, Press initially joined Ebby Halliday but switched to United Real Estate in 2011 after Broker Brenda Thompson launched the first United Real Estate office. Increasing his sales volume from $1 million in 2011, $4 million in 2012 and to $7.5 million in 2014 is a testament to the power of the United model.
"Since coming to work at United, my business has flourished,” said Alan Press...

Liberty Tax Service Reports Fiscal 2015 Third Quarter Results »

March 05, 2015 at 5:16AM PST | Source: Liberty Tax Service
Liberty Tax Service  Opportunities Available

VIRGINIA BEACH, VA - (Marketwired) - March 05, 2015 - Liberty Tax, Inc. (NASDAQ: TAX) (the "Company"), the parent company of Liberty Tax Service, today reported its results for the third fiscal quarter ended January 31, 2015.
"This has been a challenging season for us and the industry as a whole," said John Hewitt, CEO. "Despite the fact that we have continued to outperform the paid preparer category, our office and return count growth failed to meet the standards that we have come to expect. Going forward, we are focused on driving new sales, working with existing franchisees to expand, and capitalizing on the opportunities presented by the Affordable Care Act and immigration reform." 


($ in Ms except per share data)
Non - GAAP*

Q3 2015
Q3 2014
Q3 2015
Q3 2014


H&R Block Announces Fiscal 2015 Third Quarter Results »

March 05, 2015 at 4:53AM PST | Source: H&R Block

KANSAS CITY, MO - (Marketwired) - March 04, 2015 - H&R Block, Inc. (NYSE: HRB), the world's largest consumer tax services provider, today released its financial results for the fiscal 2015 third quarter ended January 31, 2015 and U.S. tax volume through February 28.
As a result of an earlier opening of the Internal Revenue Service's (IRS) e-file system this tax season, the company reported a $309 million1 increase in revenues, to $509 million for the fiscal third quarter. This resulted in an improvement in its fiscal third quarter seasonal net loss from continuing operations to $0.13 per share.2 A majority of the company's revenues and all of its fiscal 2015 earnings will occur during its fiscal fourth quarter, and thus fiscal third quarter results are not indicative of expected performance for the full year...

H&R Block Announces Quarterly Cash Dividend »

March 05, 2015 at 4:10AM PST | Source: H&R Block

KANSAS CITY, MO - (Marketwired) - March 04, 2015 - H&R Block, Inc. (NYSE: HRB), the world's largest consumer tax services provider, today announced that its Board of Directors declared a quarterly cash dividend of 20 cents per share, payable April 1, 2015, to shareholders of record as of March 16, 2015.
The April 1 dividend payment will mark H&R Block's 210th consecutive quarterly dividend since the company went public in 1962.
About H&R Block
H&R Block, Inc. (NYSE: HRB) is the world's largest consumer tax services provider. More than 650 million tax returns have been prepared worldwide by and through H&R Block since 1955. In fiscal 2014, H&R Block had annual revenues over $3.0 billion with 24.2 million tax returns prepared worldwide...

Liberty Tax Service Announces Initiation Of Cash Dividend »

March 05, 2015 at 3:50AM PST | Source: Liberty Tax Service
Liberty Tax Service  Opportunities Available

VIRGINIA BEACH, VA - (Marketwired) - March 05, 2015 - Liberty Tax, Inc. (NASDAQ: TAX) (the "Company"), the parent company of Liberty Tax Service, announced today that its Board of Directors has approved the initiation of a cash dividend to its shareholders. The first quarterly dividend of $0.16 per share will be paid on April 22, 2015 to holders of record of common stock and common stock equivalents on the close of business on April 15, 2015. While future dividends will be subject to Board approval, the Company is initially targeting an annual dividend payout of $0.64 per common share.
"We believe the initiation of a quarterly dividend demonstrates our commitment to enhancing shareholder value," said John Hewitt. "This decision reflects our confidence in the future of our business and the continuing strength of our cash flow...

Growth Coach Franchise Expands Throughout Mexico »

March 03, 2015 at 11:30AM PST | Source: The Growth Coach

Shortly after launching The Growth Coach in Mexico City, the company has expanded the vision to include the entire country of Mexico.
Cincinnati, OH (PRWEB) March 03, 2015 - Just six months after officially launching The Growth Coach in Mexico City with Pablo Payro, The Growth Coach is already expanding well beyond the city's borders. In fact, the company is now focused on reaching small- and medium-sized business owners through the entire country of Mexico.
"With the rapid success Pablo is seeing inside the city, we decided it was time to turn our sights on Mexico as a whole. The country of Mexico is at an amazing crossroads and the middle class is starting to grow and thrive. With our help, the small- and medium-sized business owners who drive that middle class can find success and balance...

H&R Block Launches Online Fraud Resource Center Detailing Tax Fraud, Solutions »

March 02, 2015 at 6:59AM PST | Source: H&R Block

Tax Identity Theft, Improper Payments Cost Country Billions of Dollars Annually
KANSAS CITY, MO - (Marketwired) - March 02, 2015 - To kick off National Consumer Protection Week, H&R Block (NYSE: HRB), the world's largest consumer tax preparation company, has launched an online fraud resource center detailing various tax fraud scams and improper payment issues while highlighting ways taxpayers can protect themselves and offering solutions.
The Fraud Resource Center includes more than a dozen white papers, studies, announcements and more from the company and federal government organizations to help consumers, media and policymakers understand the issues associated with tax identity theft, tax fraud and improper payments.
"These are issues that plague the American tax system," said Bill Cobb, president and CEO of H&R Block...

H&R Block: Taxpayers Following ACA Rules, Refunds Take A Hit »

February 24, 2015 at 7:07AM PST | Source: H&R Block

So Far Taxpayers Seem to Be Indicating True Insurance Status as Refunds Dip 17 Percent
KANSAS CITY, MO - (Marketwired) - February 24, 2015 - So far in the 2015 tax season, H&R Block (NYSE: HRB), the world's largest consumer tax services provider, is seeing a majority (52 percent) who enrolled in insurance via the state or federal Marketplaces paying back a portion of the Advance Premium Tax Credit (APTC). The average amount paid back is $530, decreasing the tax refund on average by 17 percent, according to analysis almost six weeks into the 2015 tax season. In addition, it seems taxpayers are accurately indicating their insurance coverage status as the number of those selecting a penalty and/or qualifying for an exemption is in line with preseason projections...

Liberty Tax Service Reports Volume Of U.S. Customers Served Through February 13 »

February 24, 2015 at 4:36AM PST | Source: Liberty Tax Service
Liberty Tax Service  Opportunities Available

Will Report Third Quarter Fiscal 2015 Results on March 5
VIRGINIA BEACH, VA - (Marketwired - Feb 23, 2015) - Liberty Tax, Inc. (NASDAQ: TAX) (the "Company"), the parent company of Liberty Tax Service, announced today that through February 13, the Company and its franchisees served approximately 0.1% fewer customers in its offices than for the same period in the 2014 tax season. Liberty Tax Service offices have prepared approximately 909,000 U.S. tax returns during the 2015 tax season through February 13, a decrease of 0.1% versus the same period in the 2014 tax season. The company reported an increase in permanent store locations of 101 stores and a decline in seasonal offices of 224. The Company has also processed approximately 63,000 returns online...

AdviCoach To Increase U.S. Presence As Demand For Business Coaching Services Intensifies »

February 24, 2015 at 4:11AM PST | Source: AdviCoach

Nation's Leading Business Coaching Franchise Announces Strategic U.S. Expansion Plans; Company helps Entrepreneurs Everywhere "Franchizitise®" their Business
February 24, 2015 // // SOUTHBURY, Conn. – AdviCoach, America's premier business coaching franchise that has built a reputation for helping entrepreneurs create the business of their dreams, announced today an extensive franchise growth plan to expand its U.S. presence by 15 percent in 2015. Corporate growth plans call for adding nearly 20 new franchise offices in the coming year.
The company looks to meet the increasing demand for business coaching services, which has been largely stimulated by the growth in the small and medium-sized business sector...

United® Real Estate Announces Five New Franchise Markets »

February 20, 2015 at 5:00AM PST | Source: United Real Estate

Disruptive Real Estate Franchise Model Expands Across the U.S.
February 20, 2015 // // KANSAS CITY, MO. - United® Real Estate, a fast-growing, national, full-service real estate operation and franchise organization announces the addition of five new markets quickly expanding its' national network. Dedicated to developing top-performing agents and providing them with the tools they need to grow their careers, United stands alone in the residential real estate industry.
The following successful entrepreneurs have affiliated with United Real Estate to open up offices in the following markets:
Richmond, VA – Purchased by brothers John and Jeffrey Finn and sister Toni Lewis, the trio has been active in the real estate industry for decades...

Taxpayers In 1 In 4 States Could See Smaller State Tax Refunds »

February 18, 2015 at 6:10AM PST | Source: H&R Block

Popular Tax Breaks Extended in December Not Recognized in Some States
KANSAS CITY, MO - (Marketwired) - February 18, 2015 - H&R Block (NYSE: HRB), the world's largest consumer tax services provider, advises taxpayers in about one in four states are not able to use certain federal tax breaks to benefit their state returns. Although Congress extended popular expired tax breaks in December, 12 states have not passed legislation recognizing those changes on their state tax return. These popular tax breaks benefit teachers, students, homeowners and retirees, or approximately one in six taxpayers nationwide.
Most states generally conform automatically to federal tax benefits or pass legislation annually to do so. Because the federal tax benefits were extended in the middle of December, some states were not able to update state legislation before the start of tax season...

2015 Resolution: Stop Being A Boss, Start Being A Leader »

February 17, 2015 at 12:15PM PST | Source: AdviCoach

National business coaching and advisory firm Advicoach ® examines the difference between being the top in command and being an effective leader.
February 17, 2015 // // Southbury, CT – Every employee has a boss, however not every employee has a leader. A boss is the top of the chain of command and gives employees direction, and is oftentimes the owner or a store manager in a small business. While bosses are considered necessary, most often businesses lack a leader who goes above and beyond, setting examples for their employees and empowering them to follow.
Recognizing this, AdviCoach, a national business coaching and advisory firm customized for small- to mid-size businesses (SMBs), examines the differences between being a boss and being a leader...

Assisted Filers Can Switch To Block, Pay Half The Cost Of "the Other Guy" »

February 17, 2015 at 5:07AM PST | Source: H&R Block

H&R Block Follows Up Switch to Block Software Offer With One for Assisted Filers
KANSAS CITY, MO - (Marketwired) - February 16, 2015 - H&R Block (NYSE: HRB), the world's largest consumer tax services provider, will offer taxpayers the opportunity to switch to Block and pay only half the price they paid last year to another tax preparer, subject to offer conditions. It follows another switch to Block offer to provide free desktop software to unhappy TurboTax users. Taxpayers who prefer to use a tax professional to file their taxes now have their own invitation to switch to Block - at half the price of their previous preparer - for a limited time beginning February 15.
"This is the 'refund season' to switch to Block. So far, the average refund this tax season is $3,586 according to the IRS...

Growth Coach Franchise Continues Rapid International Expansion »

February 11, 2015 at 4:39AM PST | Source: The Growth Coach

The franchise system is specifically targeting new master franchise owners from the following countries: Ireland, England, Turkey, France, Germany, Italy, Brazil, Japan, China and the UAE.
Cincinnati, OH (PRWEB) February 10, 2015 - With new Growth Coach master franchise owners successfully launching in Canada, Central America and South America, the business and sales coaching company is actively seeking new master franchise owners worldwide.
"The Strategic Mindset coaching process and services of The Growth Coach are applicable in any country and with any business culture. We have more than 140 franchises in the United States – and we're looking to continue to expand domestically – but we know business leaders, management teams, and sales professionals around the world can benefit dramatically from what The Growth Coach has to offer...

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