Word: blocks
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...software makers - mainly Intuit, which commands 85% of the market, and H&R Block, which holds most of the rest with its TaxCut suite, according to market-tracker NPD Group - certainly bring in a tidy profit. But many of their customers are perpetual do-it-yourselfers like myself, people who have left behind paper and pencil, not a professional tax preparer. I like to think that I'm a numbers person and would do my own taxes no matter what. But the truth of the matter is, I have a relatively simple tax situation, one of the few advantages...
...Back in the world of bricks and mortar, the likes of H&R Block and Jackson Hewitt, the two largest tax prep outfits, are still able to charge an average of $150 to $200 a pop for doing a return. Pricing at these companies regularly rises 5% to 7% a year, according to Kartik Mehta, an analyst at FTN Midwest Securities - evidence that neither is exactly scrambling to hold on to customers. And the business model works even when the $49.95 price tag for TurboTax Deluxe Deduction Maximizer is taken out of the equation; that is, when the cost...
...Ironically, the group most threatened by technology is the tax prep software industry itself. A new generation of Web-based products, such as TaxAct, are slowly needling their way into the market dominated by Intuit and H&R Block. One reaction of the established players has been to offer services more akin to those of a professional preparer. People who sign up for Intuit's TurboTax Professional Pro supply tax data over the Internet and then have a phone conversation with a preparer, who ultimately does the filing. H&R Block's TaxCut Tango and Signature online products also have...
...credit, Slim, a widely respected figure and the son of a Lebanese immigrant, seems to be acknowledging the problem. He has accepted, for example, a rare move by Mexico's Federal Competition Commission to block Telmex from expanding into cable television until it allows all competitors to be smoothly hooked up to its telecom services. And he is lifting his charitable profile, announcing he'll pour $10 billion over the next four years into his health- and education-related Fundacion Carso. Business and philanthropy experts alike hope these developments will help prime the pump not only in Mexico but throughout...
...millions of dollars into Fisk's general budget. Why not sell off just a bit of that famous art? But when the school moved to bring Radiator Building to market, it triggered what became a lawsuit by the Georgia O'Keeffe Museum in Santa Fe, N.M., which moved to block the sale on the grounds that it violated the terms of the painter's bequest. In February the museum offered Fisk a deal. It could sell Radiator Building, but only to the museum, and for $7 million, a price much below what it would go for in the current...