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News (1872)

The Progressive Accountant is the leading online communit of public tax and accounting professionals focused on using technology to better manage and grow their practice.

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New ProAdvisor Rev Sharing Rolled Out

Intuit has introduced the ProAdvisor Preferred Pricing revenue share program. The program, available for a month’s free trial, is designed to reward clients ProAdvisors enroll within QuickBooks Online Accountant.

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Act'ant Admits Elderly Client Theft

 A Georgia accountant who worked at a wealth management firm has pleaded guilty to stealing about $800,000 from an elderly client over the last 10 years. Heidi Royal, 52, of Dallas, Georgia, pleaded guilty to wire fraud and aggravated identity theft in a federal court this month.

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Challengers: Blucora Board Lacks Experience

 Blucora is facing another proxy challenge with the insurgents claiming the Blucora broad lacks a wide range of necessary experience. Engine Capital has nominated three individuals to the board claiming Blucora, which owns TaxAct and Avantax, has bloated overhead and does not perform as it should in its tax preparation and wealth management businesses.

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Tax/Acc’ting Leads Thomson’s Big 3

Tax & Accounting grew revenue 8.7-percent for Thomson Reuter’s year ended December 31. The rate of increase gave it the biggest growth of the company’s Big 3 divisions. 

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IRS Suspends Balance Due Notices

The Internal Revenue Service has suspended the mailing of balance due and unfiled tax return notices.  These were among more than a dozen letters the IRS added to its list of suspended notices.

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Acquired Units to Enhance SmartVault

GetBusy will roll out features from two companies acquired in October as enhancements to the SmartVault document managed application.

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ADP Performance Strengthens 

Business for Automatic Data Processing continued to strengthen during the second quarter ended December 31. The payroll services company rteported a 7.2-percent increase in net income on a 9-percent rise in revenue.

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CertiFi Buys Spidell Publishing

 Spidell Publishing which markets educational services for the California tax market, has been acquired by CertiFi, a Leeds Equity Partners portfolio company. Terms were not disclosed.

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Three Payroll Companies Merge

Integrated Payroll Systems and LinkHCM have merged with Inova Payroll. The deal was described as expanding Inova’s operation and service centers to California and Missouri.

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Virginian Loses CPA, Law Licenses

A man who ended up with $1.5 million in funds from a bankrupt title insurance company has surrendered his law and CPA licenses Robert Bailey Smith IV, who paid pay the funds, drew no jail time in the case, but agreed to surrender his credentials.

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