Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Tapcon who wrote (37210)	3/31/2010 3:42:11 PM
From: Spekulatius	1 Recommendation Read Replies (1) \| Respond to of 78708

I agree with respect to Turbotax. Unless you are computer illiterate, it's almost easier to do it online using Turbotax, than going to a bricks and mortar store with all the paperwork. I think the bricks and mortar tax stores are a dying business just like newspapers. There always will be a business for dedicated tax advisors (the high end of the market) but the run-of the mill tax stuff will go to Turbotax/Taxcut etc..

To: Tapcon who wrote (37210)	4/3/2010 10:29:54 AM
From: Leibnitz	Read Replies (1) \| Respond to of 78708

Thanks for pointing that article out. I agree that there is a trend away from traditional tax prep services and that Intuit is the leader in this trend, but I hesitate to call it a strong trend. It might seem strong at the moment mainly because people are trying to save money, but I think once employment starts to tick up, people will be more willing to go to a place like H&R Block while there will continue to be a slow gradual shift from using a tax preparer to doing it yourself. For me, HRB is a very safe bet on a company with a history of outstanding margins. I see little to no downside and the chances for a very good return on your investment is very large. HRB is also a bet that the managers will be able to turn around the business and make it even more profitable. Plus there is the realistic possibility that HRB will eventually be taken private.