News (1827)

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Rev Growth Outpace Xero’s American Subs

Arrow blue figures The number of subscribers in North America increased by 13 percent for the year ended March 31. But revenue on this continent rose by 32 percent, 21 percent in constant currency.


Former IRS Employee Get Sentenced

Gavel swingingDeena Vang Lee, 41, has been sentenced to four-and-half years in prison. Lee, a resident of Fresno, Calif.,


N.Y. CPA Indicted in $10M Fraud

gavelNew York CPA Steve Lyon has been charged with helping defraud in workers’ compensation insurance premium payments. He had already been arraigned on similar charges in January.


Thomson Tax, Acc’ting Revs Up 11%

Eastwood MikeRevenue for the Tax & Accounting Professionals business rose by 11 percent year-over-year for the first quarter ended March 31. The acquisition of SurePrep for $500 million in January added 2.6 percent points to the segment’s organic growth during the first quarter.


RSM US Buys HR Firm

Dollar sign RSM US has acquired HR firm, Wise Consulting Associates, of Timonium, Md. More than 100 employees of Wise, which was founded in 1996, have joined RSM.


WK Tax, Accounting Biz Strong

Arrows thinThe North American professional tax and accounting business had double-digit organic growth for the first quarter ended March 31, Wolters Kluwer said recently.


Stripe Tests Rev Reporting Tool

Revenue PresentationStripe is testing a revenue reporting tool that provides a snapshot of key financial metrics. It’s part of a growing number of accounting functions from the payments company as part of its finance and revenue automation suite


NASBA: 30 Months to Pass CPA Exam

Exam hands pencilThe National Association of State Boards of Accountancy has recommended CPA exam candidates have up to 30 months to complete the test. The proposal would extend the time from 18 months to pass the remaining three exam section after a candidate's passing the first one.


CPA Fleeced Investors

Gavel swingingA Bakersfield, Calif., CPA, Jeffrey Todd Stewart, has admitted stealing $355,000 from investors. Stewart faces up to 20 years in prison for his guilty plea to a charge of wire fraud.


Avalara Sets More Event Dates

Avalara crushAvalara has set the dates for four of its eight regional editions of its Crush Conference. The regional events are being held this year instead of one national event. Colo., One conference has already been held in Denver, Colo.


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