H&R Block Keeps on Growing
H&R Block has announced the acquisition of 44% of MyBenefitSource Inc., an Atlanta-based payroll, benefit, enrollment and administrative services firm. The terms of the acquisition include an option on acquiring the remaining shares of the firm.
The acquisition of MyBenefitSource will enable H&R Block and its parent company, RSM McGladrey, to provide clients with a payroll and benefit administration outsourcing option.
"The addition of MyBenefitSource is one of several significant steps we've announced recently to strengthen our position as the leading, full-service business consulting firm serving mid-size companies," said Tom Rotherham, RSM McGladrey chief executive officer.
MyBenefitSource serves hundreds of clients nationwide and provides solutions that are scalable to any size company. According to Edward Cain, MyBenefitSource chief executive officer, the human resources outsourcing market is expected to nearly triple in the next four years.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.