{"id":36948,"date":"2014-09-24t09:51:32","date_gmt":"2014-09-24t13:51:32","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=36948"},"modified":"2021-03-01t09:08:32","modified_gmt":"2021-03-01t14:08:32","slug":"threat-or-opportunity-hr-block-liberty-jump-into-bookkeeping-services","status":"publish","type":"post","link":"\/\/www.g005e.com\/2014\/09\/24\/threat-or-opportunity-hr-block-liberty-jump-into-bookkeeping-services\/","title":{"rendered":"threat or opportunity as h&amp;r block, liberty jump into bookkeeping services?"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-37209\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/09\/libert-block-logos-150x150.png\" alt=\"liberty block logos\" width=\"150\" height=\"150\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/09\/libert-block-logos-150x150.png 150w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/09\/libert-block-logos.png 100w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>what it means for independent tax and accounting firms.<\/strong><\/p>\n<p><em>by hitendra patil<\/em><br \/>\n<em><a class=\"external\" href=\"http:\/\/pransform.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">pransform inc.<\/a>\u00a0<\/em><\/p>\n<p>the accounting profession in the u.s. has been shaken up by announcements from liberty tax services and h&amp;r block that they are entering into core bookkeeping and accounting services business.<\/p>\n<p style=\"padding-left: 30px\"><strong>more on the entrepreneur accountant:\u00a0 <\/strong><a title=\"permanent link to: six steps for a better tax season\" href=\"\/\/www.g005e.com\/2014\/09\/09\/six-steps-for-a-better-tax-season\/\">six steps for a better tax season<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0<a title=\"permanent link to 8 seconds into the future: meet generation z\" href=\"\/\/www.g005e.com\/2014\/08\/26\/8-seconds-into-the-future\/\">8 seconds into the future: meet generation z<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0<em> <a title=\"permanent link to 5 reasons gen y will make or break your firm\" href=\"\/\/www.g005e.com\/2014\/07\/30\/5-reasons-gen-y-will-make-or-break-your-firm\/\">5 reasons gen y will make or break your firm<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to 3 ways amazon\u2019s new fire phone hints at the future of accounting\" href=\"\/\/www.g005e.com\/2014\/06\/25\/3-waysamazons-new-fire-phone-hints-at-the-future-of-accounting\/\">3 ways amazon\u2019s new fire phone hints at the future of accounting<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to the 8 traits creating the firm of the future today\" href=\"\/\/www.g005e.com\/2014\/06\/07\/the-8-traits-creating-the-firm-of-the-future-today\/\">the 8 traits creating the firm of the future today<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to get more done, make more money: stop doing these 17 things\" href=\"\/\/www.g005e.com\/2014\/05\/12\/get-more-done-make-more-money-stop-doing-these-17-things\/\">get more done, make more money: stop doing these 17 things<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to what shopping habits reveal about accounting clients\" href=\"\/\/www.g005e.com\/2014\/04\/21\/what-shopping-habits-reveal-about-accounting-clients\/\">what shopping habits reveal about accounting clients<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to create your \u201cnot-to-do\u2019s\u201d list\" href=\"\/\/www.g005e.com\/2014\/04\/09\/after-tax-season-create-your-not-to-dos-list-2\/\">create your \u201cnot-to-do\u2019s\u201d list<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to irs bitcoin rule: 5 things accountants need to know\" href=\"\/\/www.g005e.com\/2014\/03\/26\/irs-rules-on-bitcoins-5-things-accountants-need-to-know\/\">irs bitcoin rule: 5 things accountants need to know<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to tax season tips: train your brain to focus\" href=\"\/\/www.g005e.com\/2014\/02\/01\/tax-season-tip-how-train-your-brain-to-focus\/\">tax season tips: train your brain to focus<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to what the bitcoin phenomenon means for accountants\" href=\"\/\/www.g005e.com\/2014\/01\/27\/bitcoin-patil\/\">what the bitcoin phenomenon means for accountants<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to overcoming your clients\u2019 worst fears\" href=\"\/\/www.g005e.com\/2013\/12\/05\/overcoming-your-clients-worst-fears\/\">overcoming your clients\u2019 worst fears<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to 5 tech tips for reigniting growth\" href=\"\/\/www.g005e.com\/2013\/11\/01\/5-tech-tips-for-reignting-growth\/\">5 tech tips for reigniting growth<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to a case study in using linkedin\" href=\"\/\/www.g005e.com\/2013\/10\/03\/a-case-study-in-using-linkedin\/\">a case study in using linkedin<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to accountants and six fundamental human needs\" href=\"\/\/www.g005e.com\/2013\/09\/16\/accountants-and-six-fundamental-human-needs\/\">accountants and six fundamental human needs<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to client satisfaction starts with \u2018likeability\u2019\" href=\"\/\/www.g005e.com\/2013\/09\/02\/client-satisfaction-starts-with-likeability\/\">client satisfaction starts with \u2018likeability\u2019<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to why accounting? your clients want to know\" href=\"\/\/www.g005e.com\/2013\/07\/20\/why-accounting-your-clients-want-to-know\/\">why accounting? your clients want to know<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to what\u2019s next: predictive accounting\" href=\"\/\/www.g005e.com\/2013\/06\/30\/whats-next-predictive-accounting\/\">what\u2019s next: predictive accounting<\/a><\/em><\/p>\n<p>the news came as a surprise to many and i had a few discussions with some accounting professionals, especially smaller firms and some solo practitioners, on what they think of this new development. <a href=\"\/\/www.g005e.com\/2014\/09\/24\/threat-or-opportunity-hr-block-liberty-jump-into-bookkeeping-services\/#more-36948\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'><ul class=\"socialwrap row\"><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2014%2f09%2f24%2fthreat-or-opportunity-hr-block-liberty-jump-into-bookkeeping-services%2f&amp;t=threat+or+opportunity+as+h%26r+block%2c+liberty+jump+into+bookkeeping+services%3f'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-300px 0px'   \/> <span class=\"head\">like this on facebook<\/span><\/a><\/li><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.linkedin.com\/'  href='http:\/\/www.linkedin.com\/sharearticle?mini=true&amp;url=https%3a%2f%2fwww.g005e.com%2f2014%2f09%2f24%2fthreat-or-opportunity-hr-block-liberty-jump-into-bookkeeping-services%2f&amp;title=threat+or+opportunity+as+h%26r+block%2c+liberty+jump+into+bookkeeping+services%3f&amp;summary=what+it+means+for+independent+tax+and+accounting+firms.%0d%0a%0d%0aby+hitendra+patil%0d%0apransform+inc.%c2%a0%0d%0a%0d%0athe+accounting+profession+in+the+u.s.+has+been+shaken+up+by+announcements+from+liberty+tax+services+and+h%26amp%3br+block+that+they+are+entering+into+core+bookkeeping+and+accounting+services+business.%0d%0amore+on+the+entrepreneur'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='linkedin'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-850px 0px'   \/> <span class=\"head\">share on linkedin<\/span><\/a><\/li><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/twitter.com\/'  href=\"http:\/\/twitter.com\/share?url=https%3a%2f%2fwww.g005e.com%2f2014%2f09%2f24%2fthreat-or-opportunity-hr-block-liberty-jump-into-bookkeeping-services%2f&amp;text=%23cpa+link%3a++-+ via+%40cpa_trendlines\"  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='twitter'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-1625px 0px'   \/> <span class=\"head\">tweet this item<\/span><\/a><\/li><li class=\"icon_text\"><a rel=\"_self\" href=\"mailto:?subject=cpa%20trendlines%20:%20threat%20or%20opportunity%20as%20h&amp;r%20block,%20liberty%20jump%20into%20bookkeeping%20services?&amp;body=here's%20something%20worth%20seeing%20from%20\/\/www.g005e.com...\r\n\r\n\r\n\r\n%20%20\/\/www.g005e.com\/2014\/09\/24\/threat-or-opportunity-hr-block-liberty-jump-into-bookkeeping-services\/\" title=\"email this: threat or opportunity as h&amp;r block, liberty jump into bookkeeping services? \"><img loading=\"lazy\" decoding=\"async\" src=\"\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif\" height=\"24\"  width=\"24\" style=\"background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-275px 0px\" class=\"image-24\"  alt=\"email\" \/> <span class=\"head\">email this<\/span><\/a><\/li><\/ul><div class=\"clean\"><\/div> <\/div>","protected":false},"excerpt":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-37209\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/09\/libert-block-logos-150x150.png\" alt=\"liberty block logos\" width=\"150\" height=\"150\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/09\/libert-block-logos-150x150.png 150w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/09\/libert-block-logos.png 100w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>what it means for independent tax and accounting firms.<\/strong><\/p>\n<p><em>by hitendra patil<\/em><br \/>\n<em><a class=\"external\" href=\"http:\/\/pransform.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">pransform inc.<\/a>\u00a0<\/em><\/p>\n<p>the accounting profession in the u.s. has been shaken up by announcements from liberty tax services and h&amp;r block that they are entering into core bookkeeping and accounting services business.<\/p>\n<p style=\"padding-left: 30px\"><strong>more on the entrepreneur accountant:\u00a0 <\/strong><a title=\"permanent link to: six steps for a better tax season\" href=\"\/\/www.g005e.com\/2014\/09\/09\/six-steps-for-a-better-tax-season\/\">six steps for a better tax season<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0<a title=\"permanent link to 8 seconds into the future: meet generation z\" href=\"\/\/www.g005e.com\/2014\/08\/26\/8-seconds-into-the-future\/\">8 seconds into the future: meet generation z<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0<em> <a title=\"permanent link to 5 reasons gen y will make or break your firm\" href=\"\/\/www.g005e.com\/2014\/07\/30\/5-reasons-gen-y-will-make-or-break-your-firm\/\">5 reasons gen y will make or break your firm<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to 3 ways amazon\u2019s new fire phone hints at the future of accounting\" href=\"\/\/www.g005e.com\/2014\/06\/25\/3-waysamazons-new-fire-phone-hints-at-the-future-of-accounting\/\">3 ways amazon\u2019s new fire phone hints at the future of accounting<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to the 8 traits creating the firm of the future today\" href=\"\/\/www.g005e.com\/2014\/06\/07\/the-8-traits-creating-the-firm-of-the-future-today\/\">the 8 traits creating the firm of the future today<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to get more done, make more money: stop doing these 17 things\" href=\"\/\/www.g005e.com\/2014\/05\/12\/get-more-done-make-more-money-stop-doing-these-17-things\/\">get more done, make more money: stop doing these 17 things<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to what shopping habits reveal about accounting clients\" href=\"\/\/www.g005e.com\/2014\/04\/21\/what-shopping-habits-reveal-about-accounting-clients\/\">what shopping habits reveal about accounting clients<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to create your \u201cnot-to-do\u2019s\u201d list\" href=\"\/\/www.g005e.com\/2014\/04\/09\/after-tax-season-create-your-not-to-dos-list-2\/\">create your \u201cnot-to-do\u2019s\u201d list<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to irs bitcoin rule: 5 things accountants need to know\" href=\"\/\/www.g005e.com\/2014\/03\/26\/irs-rules-on-bitcoins-5-things-accountants-need-to-know\/\">irs bitcoin rule: 5 things accountants need to know<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to tax season tips: train your brain to focus\" href=\"\/\/www.g005e.com\/2014\/02\/01\/tax-season-tip-how-train-your-brain-to-focus\/\">tax season tips: train your brain to focus<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to what the bitcoin phenomenon means for accountants\" href=\"\/\/www.g005e.com\/2014\/01\/27\/bitcoin-patil\/\">what the bitcoin phenomenon means for accountants<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to overcoming your clients\u2019 worst fears\" href=\"\/\/www.g005e.com\/2013\/12\/05\/overcoming-your-clients-worst-fears\/\">overcoming your clients\u2019 worst fears<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to 5 tech tips for reigniting growth\" href=\"\/\/www.g005e.com\/2013\/11\/01\/5-tech-tips-for-reignting-growth\/\">5 tech tips for reigniting growth<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to a case study in using linkedin\" href=\"\/\/www.g005e.com\/2013\/10\/03\/a-case-study-in-using-linkedin\/\">a case study in using linkedin<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to accountants and six fundamental human needs\" href=\"\/\/www.g005e.com\/2013\/09\/16\/accountants-and-six-fundamental-human-needs\/\">accountants and six fundamental human needs<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to client satisfaction starts with \u2018likeability\u2019\" href=\"\/\/www.g005e.com\/2013\/09\/02\/client-satisfaction-starts-with-likeability\/\">client satisfaction starts with \u2018likeability\u2019<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to why accounting? your clients want to know\" href=\"\/\/www.g005e.com\/2013\/07\/20\/why-accounting-your-clients-want-to-know\/\">why accounting? your clients want to know<\/a>\u00a0\u00a0 \u2022\u00a0\u00a0 <a title=\"permanent link to what\u2019s next: predictive accounting\" href=\"\/\/www.g005e.com\/2013\/06\/30\/whats-next-predictive-accounting\/\">what\u2019s next: predictive accounting<\/a><\/em><\/p>\n<p>the news came as a surprise to many and i had a few discussions with some accounting professionals, especially smaller firms and some solo practitioners, on what they think of this new development. <a href=\"\/\/www.g005e.com\/2014\/09\/24\/threat-or-opportunity-hr-block-liberty-jump-into-bookkeeping-services\/#more-36948\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'>\n<ul class=\"socialwrap row\">\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2014%2f09%2f24%2fthreat-or-opportunity-hr-block-liberty-jump-into-bookkeeping-services%2f&amp;t=threat+or+opportunity+as+h%26r+block%2c+liberty+jump+into+bookkeeping+services%3f'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-300px 0px'   \/> <span class=\"head\">like this on facebook<\/span><\/a><\/li>\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.linkedin.com\/'  href='http:\/\/www.linkedin.com\/sharearticle?mini=true&amp;url=https%3a%2f%2fwww.g005e.com%2f2014%2f09%2f24%2fthreat-or-opportunity-hr-block-liberty-jump-into-bookkeeping-services%2f&amp;title=threat+or+opportunity+as+h%26r+block%2c+liberty+jump+into+bookkeeping+services%3f&amp;summary=what+it+means+for+independent+tax+and+accounting+firms.%0d%0a%0d%0aby+hitendra+patil%0d%0apransform+inc.%c2%a0%0d%0a%0d%0athe+accounting+profession+in+the+u.s.+has+been+shaken+up+by+announcements+from+liberty+tax+services+and+h%26amp%3br+block+that+they+are+entering+into+core+bookkeeping+and+accounting+services+business.%0d%0amore+on+the+entrepreneur'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='linkedin'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-850px 0px'   \/> <span class=\"head\">share on linkedin<\/span><\/a><\/li>\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/twitter.com\/'  href=\"http:\/\/twitter.com\/share?url=https%3a%2f%2fwww.g005e.com%2f2014%2f09%2f24%2fthreat-or-opportunity-hr-block-liberty-jump-into-bookkeeping-services%2f&amp;text=%23cpa+link%3a++-+ via+%40cpa_trendlines\"  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='twitter'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-1625px 0px'   \/> <span class=\"head\">tweet this item<\/span><\/a><\/li>\n<li class=\"icon_text\"><a rel=\"_self\" href=\"mailto:?subject=cpa%20trendlines%20:%20threat%20or%20opportunity%20as%20h&amp;r%20block,%20liberty%20jump%20into%20bookkeeping%20services?&amp;body=here's%20something%20worth%20seeing%20from%20\/\/www.g005e.com...\n\n\n\n%20%20\/\/www.g005e.com\/2014\/09\/24\/threat-or-opportunity-hr-block-liberty-jump-into-bookkeeping-services\/\" title=\"email this: threat or opportunity as h&amp;r block, liberty jump into bookkeeping services? \"><img loading=\"lazy\" decoding=\"async\" src=\"\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif\" height=\"24\"  width=\"24\" style=\"background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-275px 0px\" class=\"image-24\"  alt=\"email\" \/> <span class=\"head\">email this<\/span><\/a><\/li>\n<\/ul>\n<div 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