News (1875)
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CPA Guilty in Tax Shelter Fraud
A Florida CPA has pleaded guilty to using syndicated conservation easement tax shelters to protect income of high-income clients from taxes. Ralph B. Anderson of Naples admitting causing a tax loss of nearly $3.5 million.
Liberty Parent Outlines Filings
NextPoint Financial, parent of tax preparation service, Liberty Tax, intends to have its delayed financial statements for its year ended Dec. 31, 2021 and three quarters of 2022 filed by the end of February.
Xero Changing Shows
Xero is ending its practice of having annual editions of its Xerocon conference in its major markets. Starting next year, the New Zealand-based company will move to what it calls global conferences.
Feds: CPA Cheated Surrogates' Clients
A Las Vegas, Nev., CPA has been indicted for allegedly defrauded clients of surrogacy agencies of more than $900,000. Darryl Lynn Kauffman, 74, has charged in connection with Kauffman’s passing himself out as an escrow agent in the surrogacy business in California..
QBO Accountant Changes Unveiled
Intuit has introduced a number of enhancements to QuickBooks Online Accountant this month, including Bulk Transaction Processing in Books Review.
QBO Revenues Rise 28.7 Percent
Revenue for Intuit’s QuickBooks Online hits $668 million for the first quarter ended October 30, up 28.7 percent from $519 million million a year ago. That growth was on top of the 5.8million QBO customers the software company reported for fiscal 2022.
Zoho Goes Over $1 Billion
Cloud software vendor Zoho has exceeded $1 billion in revenue, the company said this month.
Latam Leads Thomson Tax, Accting
The Latin American business of Thomson Tax & Accounting grew by 25 percent during the third quarter ended September 30.
Xero Raising U.S. Prices
Xero is raising prices for its business edition in the United States and Canada, the company said this week.
Bill Buys Forecasting Application
Bill, formerly known as Bill.com, has acquired Finmark, which offers budgeting, forecasting and financial planning features. Terms were not disclosed.
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Jan 23 2024
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Written by Bob Scott
Intuit used deceptive advertising in calling some of its TurboTax…
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Nov 10 2023
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Revenue for Thomson Reuters Tax & Accounting Professionals increased by…
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Oct 30 2023
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Written by Bob Scott
CPA.com has released a toolkit to help accounting and finance professionals…
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Jan 23 2024
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Written by Bob Scott
The Internal Revenue Service is redesigning the roughly 170 million…
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