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Quicken Loans Owner Going Public

The Rocket Companies, which owns Quicken Loans, has filed for an initial public offering. The company licenses the Quicken name from Intuit. An offering price and the number of shares to be offered have not been determined.

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Paychex: Revs to Stay Down in Q1

Paychex revenue fell 7 percent for the fourth quarter ended May 31 and the payroll and HR company expects revenue will stay down in the current quarter. The company said during its recent earnings webcast revenue will be down from “high single to low-double digits”.

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ADP Buys BenefitMall Payroll

Automatic Data Processing has acquired the payroll business of BenefitMall. Although neither company made a formal announcement, both companies’ websites enable BenefitMall customers to make the switch.

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CCH Conference Goes Virtual

Wolters Kluwer Tax & Accounting has taken its annual user conference virtual. This week, the company began advertising the CCH Forward Together virtual conference on the web.

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Xero Posts COVID-19 Resources

Resources, information and product offers for North American businesses coping with the global COVID-19 pandemic are being offered by Xero. The cloud software company has made them available  through a resource page​ that helps organizations understand what government support they can access.

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Vertex Plans Initial Public Offering

Sales tax software company Vertex ramped up spending this year, the company reported to the SEC. The figures are shown in the S-1 form filed as the company announced plans for an initial public offering.

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Intuit Names New Council Members

Eight new members have been named to the Intuit Accountant Council. The group meets virtually, as well as periodically at Intuit’s Silicon Valley headquarters for what the company says is “an inside look at the company’s strategy, product development, programs and services.”

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BDO: NFPs to increase Technology Spending

Nonprofits responding to the COVID-19 break are increasing spending on technology, according to a recent survey by BDO USA. The survey found 64 percent of 200 leaders polled in the firm’s Nonprofit Standards benchmarking service say they will invest in new products this year.

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Canopy Adds Time Tracker

Canopy has updated its time timer to separate time tracking from billing. The recent updates to the software also include the ability to enter new time entries with no start or end time. 

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AICPA Survey: Majority Sought PPP Money

Fifty-six percent business executives responding to the survey by the American Institute of CPAS reported their companies applied for funds through the Payrheck Protection Program. The results were result publishedin the AICPA Business and Industry Economic Outlook Survey, conducted from May 5-27 produced 1,198 qualified responses.

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