News
RSM McGladrey Results Sag E-mail
Written by The Progressive Accountant   
Thursday, 23 June 2011 19:46
William CobbResults for RSM McGladrey dropped for the second straight year as its parent, H&R Block, reported results for the year ended April 30. McGladrey's earnings fell by 15.5 percent on a 3.5-percent decline in revenue. And the company's new CEO says he will be looking at the unit's operations.
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Paychex: Indicators Not Weakening E-mail
Written by The Progressive Accountant   
Thursday, 23 June 2011 17:20
Martin MucciPaychex says performance indicators aren't weakening, although growth is sluggish. The company made that economic assessment as it reported that net income for the year ended May 30 had risen by 8 percent on a 4-percent increase in revenue over fiscal 2010.
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Online Tax Prep Era Still Waiting E-mail
Written by Bob Scott   
Wednesday, 22 June 2011 02:27

Larry GrayIf tax professionals renew their product subscriptions for traditional on-premise software at the usual rate, it probably means the generation of online tax prep is still around the corner for most pros. And from the relative silence of the tax vendors, it sounds they realize like that era has not arrived.

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PCAOB Bar "Depressed" CPA's Latest Woe E-mail
Written by Bob Scott   
Tuesday, 21 June 2011 20:33
A CPA detailed a series of family health emergencies and his resulting depression for the more than two years he failed to produce documents demanded by the Public Company Accounting Oversight Board. But the board barred Edwin "Ted" Reese Davis Jr. of Cedar City, Utah, from associating with any registered firm and revoked the registration of two firms he is affiliated with.
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Thomson, Wolters Kluwer Buy Overseas E-mail
Written by Bob Scott   
Tuesday, 21 June 2011 03:36

thomson logoRivals Thomson Reuters and Wolters Kluwer, parent to CCH, are continuing to snap up international companies that market online tax and accounting products. In its latest foray, Thomson this week acquired a web-based corporate tax product for the South African market from accounting firm Deloitte. Terms were not disclosed. It was the company's third purchase of an tax and accounting vendor with international operations since May 1.

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