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RAL Funding Loss Drives Dismal Jackson Hewitt Results E-mail
Written by Bob Scott   
Thursday, 11 March 2010 12:39
jackson hewitt

Jackson Hewitt Tax Services expects that the number of tax returns prepared by the chain for the 2010 tax season will fall by 17 to 19 percent as the loss of funding for half of the company's refund anticipation loan program cut into financial results. The company also said results by the end of the fourth quarter ending April 30 would result in its violating financial covenants with its lender

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Accountants Invited to Major Sage Conference E-mail
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Written by The Progressive Accountant   
Wednesday, 10 March 2010 02:23

Sage logoIRVINE, Calif. - Sage North America has added a learning track at its Insights reseller conference that is designed for CPAs, accountants and bookkeepers. It is the first time such a track has been offered at the annual event, which is scheduled for May 17 through 20 at the Colorado Convention Center in Denver.

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M&P Gets More RSM Profits and More Expense E-mail
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Written by Bob Scott   
Tuesday, 09 March 2010 20:42

C.E. AndrewsMcGladrey & Pullen will pick up two more percentage points in the profits of RSM McGladrey, but it also agreed to start paying for more of the expenses as a result of the new operating agreement between the two firms. The results were spelled out this week by C.E. Andrews, president of RSM McGladrey, during the third quarter Webcast of the unit's parent H&R Block, who said most of the terms go into effect on May 1.

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Socius Buys the Dynamics Biz of CBiz E-mail
Written by The Progressive Accountant   
Tuesday, 09 March 2010 04:49

Socius logoInterDyn Socius, a Microsoft and Sage reseller based in Ohio, has acquired the Dynamics practice of CBiz Technologies, extending Socius' operations to Tennessee, Kansas and northern California. The purchase follows CBiz recent disclosure it was selling three companies as it exited the technology business

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Block Revs Drop as Number of Tax Returns Fall E-mail
Written by The Progressive Accountant   
Monday, 08 March 2010 20:27

Russ SmythH&R Block got through the first weeks of tax season with a drop in business as it reported a 6.2 percent decline in revenue, but a 5 percent rise in net income for the third quarter ended January 31. The company said the revenue drop reflected a 7.1 percent decline in retail tax returns prepared and it had lost two percentage points in market share in selling digital products. Its business operations sector, RSM McGladrey, fared better with a 3.6 percent drop in revenue for the same quarter.

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