TaxAct

47% of TAX FILERS DELAY FILING RETURNS

Retrieved on: 
Monday, April 8, 2024
Millennials, IRS, Tax, Paralysis, Tax Day, Ageing, Research, DIY, Assist, Age, File, TaxAct, Procrastination, Emotion, Online shopping

DALLAS, April 8, 2024 /PRNewswire/ -- TaxAct® today released new research that showcases the stress American tax filers feel as Tax Day looms. The State of Taxpayer Stress in America highlights how procrastination gets in the way of starting the process of filing a return—even when people expect to get a tax refund. Why delay filing and retrieval of that sweet refund? Stress.

Key Points: 
  • DALLAS, April 8, 2024 /PRNewswire/ -- TaxAct® today released new research that showcases the stress American tax filers feel as Tax Day looms.
  • The survey found 47% of tax filers delay the task.
  • When they finally do get around to filing, 61% of tax filers take at least one break from the process before returning to file and taking their victory lap.
  • For Millennials, a desire to delay filing might stem from reaching new life stages, such as marriage or homeownership, that can complicate their tax profile.

H&R Block Names Tax and Technology Industry Veteran Curtis Campbell as President, Global Consumer Tax & Chief Product Officer

Retrieved on: 
Friday, January 26, 2024
H&R Block, Fintech, Knowledge, Amazon Web Services, History, Capital One, HRB, Software, Dell, Intuit, TaxAct, Growth, Management

KANSAS CITY, Mo., Jan. 26, 2024 (GLOBE NEWSWIRE) -- H&R Block (NYSE: HRB) today announced Curtis Campbell will join the company as its new President, Global Consumer Tax and its Chief Product Officer following the current tax season.

Key Points: 
  • KANSAS CITY, Mo., Jan. 26, 2024 (GLOBE NEWSWIRE) -- H&R Block (NYSE: HRB) today announced Curtis Campbell will join the company as its new President, Global Consumer Tax and its Chief Product Officer following the current tax season.
  • In his role as President of Global Consumer Tax, Campbell will lead an enterprise-wide agenda to deliver customer-centric strategies and exceptional client and tax professional outcomes with a focus on achieving strong financial performance for the global consumer business.
  • Having led product organizations at Dell, Amazon Web Services and Intuit, Campbell will also leverage his deep product management experience and expertise as H&R Block’s Chief Product Officer to drive company-wide product management excellence.
  • “I’m looking forward to working with Jeff, the leadership team and the Global Consumer Tax organization to define and deliver industry-leading experiences and value for Block clients.”
    For more information about H&R Block, visit HRBlock.com .

OVER HALF OF AMERICANS ARE MORE CONCERNED ABOUT THEIR FINANCIAL SITUATION THAN LAST YEAR

Retrieved on: 
Wednesday, January 17, 2024
Assist, Tax, TaxAct, Food, Unemployment, IRS, Online shopping

DALLAS, Jan. 17, 2024 /PRNewswire/ -- A new survey from TaxAct® reveals growing financial insecurities in the U.S. More than half of Americans say they are more concerned about their financial situation this year than last year, with three in four worried about the cost of basic necessities such as food (75%) and utilities (77%). Adding to that concern is their anticipation of lower tax refunds next year that would have potentially helped offset this worry.

Key Points: 
  • Rising costs, debt and unemployment are shown to have impacted many consumers' financial plans and savings goals.
  • "We're seeing that financial worries are impacting Americans across the board and are a key point of concern going into tax season," said TaxAct Chief Product Officer, Bastien Martini.
  • This year's survey explored changes in financial attitudes year over year compared to the findings of TaxAct's 2023 consumer survey .
  • Designed to identify the main financial concerns and personal finance trends during this tax season, the survey identified two distinct categories that highlight Americans' financial uncertainty.

Avantax Enters into Definitive Agreement to be Acquired by Cetera Holdings

Retrieved on: 
Monday, September 11, 2023
BMO Capital Markets, LLP, Haynes, Cetera Financial Group, Sustainability Accounting Standards Board, PJT Partners, RIA, Tax, Sidley Austin, Cyprus Securities and Exchange Commission, Sale, Acquisition, Willkie Farr & Gallagher, AVTA, LOS, UBS, Development, Fidelity, TaxAct, Management, Financial adviser, Cryptocurrency, Cetara

DALLAS and LOS ANGELES, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ: AVTA) (the “Company”), a leader in tax-focused financial planning and wealth management, and Cetera Financial Group (“Cetera”), the premier financial advisor Wealth Hub, announced today that Avantax and Aretec Group, Inc. d/b/a Cetera Holdings, the holding company of Cetera, have entered into a definitive agreement whereby Cetera Holdings will acquire all of the issued and outstanding equity of Avantax in an all-cash transaction valuing Avantax at approximately $1.2 billion, inclusive of Avantax’s net debt.

Key Points: 
  • Through the transaction, Cetera will retain Avantax’s legal entities, core technology, product offerings and existing clearing and custody relationships.
  • Holders of shares of Avantax common stock will receive $26.00 in cash per share, without interest and subject to required withholding taxes.
  • We are executing against our multi-custodian aspirations, and capturing new markets and adjacencies,” said Adam Antoniades, CEO of Cetera Financial Group.
  • PJT Partners is acting as financial advisor to Avantax, and Sidley Austin LLP and Haynes and Boone, LLP are serving as legal counsel to Avantax.

Jared Ballew of Drake Software: ETAAC Releases 2023 Annual Report to Congress

Retrieved on: 
Tuesday, July 11, 2023
Small business, Optimism, IRS, Education, Lobbying, Identity theft, Government, Congress, WISP, Annual report, Electronic Tax Administration Advisory Committee, TaxAct, Commissioner of Internal Revenue, Common, Cryptocurrency, Online shopping, Life insurance

FRANKLIN, N.C., July 11, 2023 /PRNewswire/ -- The 2022-23 Electronic Tax Administration Advisory Committee (ETAAC) Chair, Jared Ballew, presented the annual report on June 28 to the IRS Commissioner and Congress.

Key Points: 
  • FRANKLIN, N.C., July 11, 2023 /PRNewswire/ -- The 2022-23 Electronic Tax Administration Advisory Committee (ETAAC) Chair, Jared Ballew, presented the annual report on June 28 to the IRS Commissioner and Congress.
  • Ballew has been a member of ETAAC for three years, and is the Vice President of Government Relations at Taxwell, serving Drake Software and TaxAct.
  • ETAAC Chair hosts special events during 2023 IRS Nationwide Tax Forums after presenting annual ETAAC report to Congress.
  • As ETAAC Chair, Ballew is hosting the IRS Rise & Shine events during the 2023 IRS Nationwide Tax Forums, presenting Written Information Security Plans (WISP) for tax professionals.

The Power of Changing Lives: Crosschq Marks Success of Klay Thompson’s The 941 Project

Retrieved on: 
Thursday, April 13, 2023
Workforce, Partnership, Google Data Liberation Front, DoorDash, PNC Financial Services, Organization, SAN, NBA, Defy Ventures, Verizon Communications, TaxAct, Cryptocurrency, Management

“The 941 Project holds special meaning to me.

Key Points: 
  • “The 941 Project holds special meaning to me.
  • Others have found work through The 941 Project at companies such as Acrisure, DoorDash, PNC Bank, TaxAct, Verizon and more.
  • Michael Fitzsimmons, co-founder and CEO of Crosschq, commented, “It’s amazing to see The 941 Project hit its initial milestone so quickly.
  • We will continue to drive change at scale and can’t wait to see what the future holds.”
    To learn more about The 941 Project, please email [email protected] .

Nearly 60% of Americans Expect to Save Less Than $5k in 2023 and Need Their Maximum Refund

Retrieved on: 
Wednesday, March 15, 2023
Child tax credit (United States), Unemployment, Campbell, Tax, Fear, Assist, TaxAct, Child tax credit, White, Online shopping, Cryptocurrency, DALLAS

DALLAS, March 15, 2023 /PRNewswire/ -- A new survey from TaxAct® reveals the significance of many consumers' financial insecurities in 2023, highlighting a shift in economic strain as even those in higher tax brackets now find themselves living paycheck to paycheck. This new data shows that consumers aren't saving much money. Rising costs, debt and unemployment are shown to have impacted many consumers' financial plans and savings goals. Ultimately, 59% of respondents saved less than $5,000 in 2022 and most don't anticipate saving more in 2023.

Key Points: 
  • Rising costs, debt and unemployment are shown to have impacted many consumers' financial plans and savings goals.
  • Ultimately, 59% of respondents saved less than $5,000 in 2022 and most don't anticipate saving more in 2023.
  • It's important they have access to the right resources and tools to accurately file their taxes and get their maximum refund as quickly as possible."
  • This fear was strongest in 2023 for consumers with dependents and consumers who identified as White or Hispanic/Latino.

Avantax Reports Fourth Quarter 2022 Results

Retrieved on: 
Wednesday, February 15, 2023
TaxAct, Sale, Dutch auction, AVTA, Cryptocurrency

DALLAS, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ: AVTA), a leading provider of technology-enabled, tax focused financial solutions, today announced financial results for the fourth quarter ended December 31, 2022.

Key Points: 
  • DALLAS, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ: AVTA), a leading provider of technology-enabled, tax focused financial solutions, today announced financial results for the fourth quarter ended December 31, 2022.
  • In the fourth quarter and for the year, Avantax set record highs in many of its performance metrics.
  • Avantax added over $401 million of newly recruited assets during the fourth quarter for a total of approximately $1.7 billion of newly recruited assets for the full year of 2022, which was a new record.
  • Avantax reported total revenue of $172.4 million for the quarter, which was a new record, an increase of 0.1% versus the fourth quarter of the prior year.

Avantax Announces Appointment of Tabitha Bailey as Chief Legal Officer and Corporate Secretary

Retrieved on: 
Thursday, January 26, 2023
Administration, Law, BCOR, TaxAct, Corporation, International studies, Sale, Legal Affairs, Private practice, Vanderbilt University Law School, Development, University, Bachelor, General counsel, Blucora, Management

DALLAS, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ: AVTA) (formerly known as Blucora, Inc. (NASDAQ: BCOR)), a leading provider of tax-focused wealth management services, today announced that Tabitha Bailey has been appointed Chief Legal Officer and Corporate Secretary, succeeding Ann J. Bruder, who has stepped down from her role as Chief Legal, Development and Administration Officer after nearly six years in the role.

Key Points: 
  • DALLAS, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ: AVTA) (formerly known as Blucora, Inc. (NASDAQ: BCOR)), a leading provider of tax-focused wealth management services, today announced that Tabitha Bailey has been appointed Chief Legal Officer and Corporate Secretary, succeeding Ann J. Bruder, who has stepped down from her role as Chief Legal, Development and Administration Officer after nearly six years in the role.
  • Ms. Bruder has agreed to continue to work with Avantax in a consulting role through the end of June to support the transition.
  • “Tabitha has been a meaningful member of the Avantax team since she first joined the company, and we are very pleased to announce her appointment as Chief Legal Officer and Corporate Secretary.
  • Prior to Avantax, Ms. Bailey spent just under two years as Vice President, General Counsel and Corporate Secretary at TransAtlantic Petroleum Ltd.

Blucora Acknowledges Director Nomination Notice from Engine Capital

Retrieved on: 
Monday, January 23, 2023
Blucora, TaxAct, Sale, Russell, BCOR, Holding company

DALLAS, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Blucora, Inc. (“Blucora” or the “Company”) (NASDAQ: BCOR) today disclosed that on January 20, 2023, Engine Capital LP (together with its affiliates, “Engine”) provided notice of nomination of a candidate for election to Blucora’s board of directors at the 2023 annual meeting of stockholders. Engine’s candidate was previously proposed by Engine privately. The Board has engaged extensively with Engine’s candidate and determined today that the candidate’s skills and experience are not additive to those of the Board.

Key Points: 
  • DALLAS, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Blucora, Inc. (“Blucora” or the “Company”) (NASDAQ: BCOR) today disclosed that on January 20, 2023, Engine Capital LP (together with its affiliates, “Engine”) provided notice of nomination of a candidate for election to Blucora’s board of directors at the 2023 annual meeting of stockholders.
  • Blucora is executing well on all of the Company’s key initiatives and is performing for its stockholders.
  • We are proud of the hard work of the Blucora leadership team and believe Blucora has the right plan, Board and leadership to continue to create value for Blucora’s stockholders.
  • The Blucora Board will provide recommendations on each item on the agenda for that meeting in Blucora’s definitive proxy statement.