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.

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Upcoming CPE Webinars

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.