{"id":22362,"date":"2014-08-05T20:39:56","date_gmt":"2014-08-05T20:39:56","guid":{"rendered":"https:\/\/resource-center.hrblock.com\/newsroom\/hr-block-lands-accounting-industry-innovator-katrulya-creates-solution-for-industrys-succession-problem\/"},"modified":"2023-03-02T12:32:04","modified_gmt":"2023-03-02T18:32:04","slug":"accounting-industry-innovator-new-to-team","status":"publish","type":"newsroom","link":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/newsroom\/around-block\/accounting-industry-innovator-new-to-team\/","title":{"rendered":"H&R Block Lands Accounting Industry Innovator Katrulya, Creates Solution for Industry\u2019s Succession Problem"},"content":{"rendered":"

H&R Block to help accounting firms grow and provide an exit strategy<\/h2>\n

Jennifer Katrulya, noted industry expert and innovator in the client accounting services (CAS) space, recently joined <\/span>H&R Block<\/a> (NYSE: HRB) to help in its efforts to offer bookkeeping, payroll, tax and other services to America\u2019s small businesses. <\/span><\/p>\n

\"\"<\/a><\/p>\n

\u201cWe are thrilled to have someone with Jennifer\u2019s level of expertise and experience in this space,\u201d said Kathy Collins, H&R Block chief marketing officer. \u201cJennifer is a critical piece of this puzzle and will be invaluable in helping us build our small business suite of services and client base.\u201d<\/p>\n

Katrulya will continue to manage her consulting practice, BMRG Advisory Services, which provides participants with the education, resources, tools, and advisory services  needed to create a modern accounting practice. In a first-of-its-kind move, H&R Block is forming a strategic partnership with BMRG to help provide accounting firms  with a possible succession plan.<\/p>\n

\"\"<\/a><\/b> \u201cThis is truly groundbreaking,\u201d said Jeremy Smith, who is leading H&R Block\u2019s small business<\/a> effort after a career in investment banking, private  equity, entrepreneurship, and technology startups. \u201cJennifer is already helping these firms develop top-notch CAS practices that align with the  type of practice we are creating at H&R Block. Now we\u2019re layering on the ability for many of these firms to consider an opportunity to sell to H&R  Block if they\u2019re ready to exit, or to possibly become an H&R Block franchise, which we can then help them grow in a meaningful way. There is  nothing like this in the industry. It\u2019s a succession plan in a box.\u201d<\/p>\n

Graduates of the BMRG program that meet certain designated criteria can consider an opportunity to sell to or possibly become a franchise of H&R Block, or they can remain independent. The decision is theirs, Smith added.<\/p>\n

Industry on the verge of change<\/strong><\/h2>\n

There are two paradigm shifts affecting the accounting industry today. First, the emergence of cloud-based technology is changing the way accounting firms look at themselves \u2014 in terms of how they offer their services and how they price their services.<\/p>\n

Additionally, 75 percent of CPAs will hit retirement age over the next seven to eight years according to an industry study<\/a>. As a result, succession planning is one of the top problems most firms face.<\/p>\n

Thus, the launch of the H&R Block\/BMRG partnership is a timely one that addresses both problems head on. Firms can join the program in order to transform into high-growth, high-profitability practices with the ability to partner with or sell to H&R Block when and if both the company and firm agree.<\/p>\n

\u201cI couldn\u2019t be happier to join such a great company,\u201d Katrulya said, \u201cand it has been a thrill working with Jeremy. With his experience and entrepreneurial spirit, he has a lot to add to this industry. What has already impressed me most is that he brings to the table some of the most innovative ideas I have heard, while at the same time never missing the fact that the simple things are often the most important. He has a unique perspective not only on how H&R Block can succeed in this space, but also on how we can help other accounting firms achieve their growth and succession goals.<\/p>\n

\u201cI have been incredibly impressed by H&R Block\u2019s approach to the CAS business. They\u2019re doing this the right way, and they want to be a productive, collaborative member of the accounting community. The opportunity to join them is truly humbling.\u201d<\/p>\n

For more information on H&R Block Small Business services or to learn more about the H&R Block\/BMRG incubator, call 816-854-5129 or email bsb@hrblock.com<\/a>.<\/p>\n

About H&R Block<\/b>
\nH&R Block, Inc. (NYSE: HRB) is the world\u2019s largest consumer tax services provider. More than 650 million tax returns have been prepared worldwide by and through H&R Block since 1955. In fiscal 2014, H&R Block had annual revenues over $3.0 billion with 24.2 million tax returns prepared worldwide. Tax return preparation services are provided in approximately 12,000 company-owned and franchise retail tax offices worldwide by professional tax preparers, and through H&R Block Tax Software products. H&R Block Bank provides affordable banking products and services. For more information, visit the H&R Block Newsroom.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

H&R Block to help accounting firms grow and provide an exit strategy Jennifer Katrulya, noted industry expert and innovator in the client accounting services (CAS) space, recently joined H&R Block (NYSE: HRB) to help in its efforts to offer bookkeeping, payroll, tax and other services to America\u2019s small businesses.  \u201cWe are thrilled to have someone […]<\/p>\n","protected":false},"author":1,"featured_media":24857,"menu_order":0,"template":"","tags":[],"news-categories":[23376],"class_list":["post-22362","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","news-categories-around-block"],"acf":{"post_rest_thumbnail_alt_id":null},"yoast_head":"Accounting Industry Innovator New to Team | H&R Block<\/title>\n<meta name=\"description\" content=\"Jennifer Katrulya, noted industry expert and innovator in the client accounting services (CAS) space recently joined H&R Block.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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