H&R Block Inc. plans to close about 400 U.S. offices as the new tax law reduces the complexity of filing annual returns for millions of Americans and customer behavior shifts toward digital tools.
The closures make up 4% of the tax preparer’s nearly 10,000 company-owned and franchise locations in the U.S. The move isn’t expected to result in job losses, and associates are expected to shift to other locations, a spokeswoman for the Kansas City, Mo., company said Wednesday.
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