(RIVERWOODS, ILL., January 25, 2006) – CCH and H&R Block’s Specialty Tax Services division today announced a partnership to offer a domestic service solution for accounting professionals who need to outsource some or all of their work during the busy tax and extension seasons. Users of CCH ProSystem fx Outsource now have the option of electronically sending tax return information to a dedicated team of professionals in H&R Block’s Specialty Tax Services’ Kansas City, Mo. headquarters, where the returns will be processed on ProSystem fx Tax software. CCH, a Wolters Kluwer business is a leading provider of tax and accounting information, software and services (tax.cchgroup.com).
“Some of our clients said they wanted the benefits of ProSystem fx Outsource, using a domestic provider. With this new partnership, we’re able to make that service available,” said Mike Gamble, CCH product manager.
“With H&R Block’s Specialty Tax Services team, we’re able to offer the same quality and ease-of-use features of our traditional ProSystem fx Outsource service,” Gamble noted. “With Specialty Tax Services, H&R Block is uniquely qualified to offer this outsourcing service, which is backed by our 50 years of experience as the largest tax preparation firm in the country,” said Topher Wren, vice president of H&R Block Specialty Tax Service. “CCH’s software for accounting professionals is known for its service accuracy and efficiency, making this product and personnel partnership a true win for accounting professionals.”
About ProSystem fx Outsource
ProSystem fx Outsource streamlines tax return processing and saves money. Firms reduce or eliminate the costs of peak season overtime and the recruitment and training costs of seasonal staffing. In addition, firms using Outsource are able to focus current staff on higher value tasks and increase staff morale and productivity by reducing long work hour requirements.With Outsource, firms convert the variable cost of tax preparation to a fixed cost and help move towards a paperless environment by providing electronic document storage that eliminates the need to store hard copies.
Availability and Pricing
For more information on ProSystem fx Outsource, call 1-800-PFX-9998 (1-800-739-9998), or visittax.cchgroup.com/Pfx/Products/Outsource/.
About H&R Block
H&R Block Inc. (NYSE: HRB) is a leading provider of tax, financial, mortgage, accounting and business consulting products and services. H&R Block is the world’s largest tax services provider, having prepared more than 400 million tax returns since 1955. H&R Block Specialty Tax Services leverages the expertise of the world’s largest tax firm to deliver a wide range of customized tax and accounting services for business clients, employers, and accounting firms.
The company and its subsidiaries generated revenues of $4.4 billion and net income of $636 million in fiscal year 2005 from operations in four principal business segments: tax preparation and advice via in-office, online and software solutions; investment and financial advisory services; retail and wholesale mortgage services; and tax/accounting/business consulting services for mid-sized businesses. Headquartered in Kansas City, Mo., H&R Block markets its products and services under three leading brands – H&R Block, Option One and RSM McGladrey. For more information visit the H&R Block Online Press Center at www.hrblock.com.
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (tax.cchgroup.com) is a leading provider of tax, audit and accounting information, software and services. It has served tax, accounting and business professionals and their clients since 1913. Among its market-leading products are The ProSystem fx® Office, CCH® Tax Research NetWork™, Accounting Research Manager™ and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill. Wolters Kluwer is a leading multinational publisher and information services company. Wolters Kluwer has annual revenues (2004) of €3.3 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands (www.wolterskluwer.com). Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.