Pricing, plan options from H&R Block

Pricing, plan options from H&R Block


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  • BlockAdvisors is aimed at small businesses that want a hands-off approach to their finances.
  • Select from hybrid options, where you do most of the work with support, or full-service options.
  • BlockAdvisors might not be the right fit for very small businesses with few or no employees.
  • See Personal Finance Insider’s picks for the best tax software »

If you don’t like the back-end office work of running your business’s finances, you may be interested in outsourcing things like your taxes, bookkeeping, and payroll to an outside service. H&R Block, known for its tax preparation services, offers financial support services for small businesses through its BlockAdvisors brand.

With BlockAdvisors, your small business tax prep, bookkeeping, and payroll can be partially or fully outsourced to a local H&R Block office near you. You’ll also have the ability to work with your H&R Block expert on the phone or online, which is important in the post-COVID landscape. Keep reading to learn more about how it all works and if it makes sense for your small business.

BlockAdvisors is a service designed just for small businesses. It’s good for businesses that want help with their tax prep, bookkeeping, or payroll, and businesses that want to outsource these needs completely.

BlockAdvisors utilizes the network of 8,000 H&R Block locations nationwide. You may already know H&R Block from driving by local offices or its popular online tax preparation services. BlockAdvisors is a natural extension of its tax offering for small businesses.

If you have a straightforward tax, bookkeeping, and payroll situation, BlockAdvisors may be overkill for your needs. It’s best for business owners and managers who don’t want to deal with those backend financial needs so they can stay focused on running the business.

BlockAdvisors does not share many pricing details publicly outside of a $50 fee for a one-hour tax consultation. A consultation for bookkeeping or payroll is available at no charge. This isn’t ideal, but it makes sense considering how different every small business could be. For example, my little S-Corp with one employee and a couple of contractors looks very different from a restaurant, auto repair shop, retail store, and other businesses.

For taxes, pricing starts at $145 plus $36.99 per state for do-it-yourself tax preparation with unlimited questions. You will pay more for full-service tax prep with options to drop off your files at an office, upload your files online, or work with a tax pro in person yourself.

DIY bookkeeping and payroll are run through a partnership with Wave, which offers free bookkeeping and paid payroll services. Self-service payroll starts at $20 per month plus $6 per month per employee paid or $35 per month plus $6 per person paid for full-service.

For full-service bookkeeping, you’ll need a quote from H&R Block, as the complexity of your accounting will vary from other businesses.

Plan options and what they cover

Each of the three main services comes in two versions: One where you can completely outsource to BlockAdvisors, and one where you do some of the work yourself with support from BlockAdvisors or Wave.

Tax preparation

  • DIY with help: The do-it-yourself option gives you access to an H&R Block tax expert for questions when filling in your tax details.
  • File with a pro: Drop off, upload, or visit an office. A BlockAdvisors tax preparer will take care of the rest for you. All you’ll have to do is review and sign.

Bookkeeping

  • Manage it yourself: Through a partnership with Wave Accounting, you take care of your own bookkeeping with BlockAdvisors support.
  • Let a pro manage it: Hand off your books completely to a BlockAdvisors staff member who will do the hard work for you.

Payroll

  • Manage it yourself: Through Wave Payroll, you can enter your own payroll details, and the app will handle the rest.
  • Let a pro manage it: You can also hire BlockAdvisors for full-service payroll where they handle everything for you, including tax filings, through a dedicated relationship with an account manager.

BlockAdvisors is a branch of H&R Block. Most services are provided either online, by phone, or through an H&R Block office.

All three main products come in versions where you primarily handle everything yourself with some outside support, or a full-service version where you hand off everything. Some businesses may want to start with the lower level of service and eventually upgrade as their needs and budget grow.

The big benefit is the ability to work with a dedicated account manager near you. This person will get to know your business and may be able to offer tax or money-saving strategies to help you grow your bottom line. Of course, you pay more for higher levels of service. However, it could be well worth the cost for many businesses.

Is BlockAdvisors safe and reliable?

BlockAdvisors is a trustworthy, safe, and reliable vendor. BlockAdvisors and H&R Block are well-known and trusted names. H&R Block has been around since 1955 and is a large, publicly-traded company. As long as you follow good password habits and keep your files safe at your workplace, you shouldn’t have to worry much about security.

H&R Block and Wave are both reputable and reliable companies in their respective areas of expertise. They should do a good job for your business if you decide to move forward after your consultation.

The services offered by BlockAdvisors come from very competitive industries. You can also choose other nationwide providers, local franchises, or local small business owners to help you with any of your financial administrative needs.

BlockAdvisors also may not be the cheapest option around. You may find a small, local accountant who gives you a little more personalized service than a giant like H&R Block. If you’re considering BlockAdvisors, it could make sense to shop around and compare other local options before signing up.

If you made it this far, you’re probably interested in getting help with your taxes, payroll, or bookkeeping. All three are an essential part of nearly every business in the United States, so those are important to pay attention to.

If BlockAdvisors sounds like a good fit for your needs, head over to the website and set up a time for a consultation. That’s the best way to find out if BlockAdvisors will be the right fit for you.



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