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Bob Scott

Bob Scott

Tax and a Tale of Two ACAs

Brad Smith, IntuitThere are two different views of the impact on the Affordable Care Act on tax return filing. Intuit CEO Brad Smith thinks it is a "non-event", his words when the company reported its earnings for its January quarter. But two rivals, tax chain H&R Block and Liberty Tax  believe that the ACA may be partly behind the delay in filings this year and that the impact will be revealed deeper into the tax season.

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Bank Products Drive Liberty Revs

libertyThe latest generation of bank products fueled growth for Liberty Tax Service for the third quarter ended January 31. The company posted $4.7 million in net income for the most recently ended quarter, more than double $1.8 million a year earlier. Revenue grew to $53.6 million, up 12. 5 percent from $47.7 million a year earlier.

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Liberty Tax Reviewing Compliance

John Hewitt, Liberty Tax ServiceLiberty Tax Service is utilizing outside legal counsel among other resources following  accusations of fraud by some chain franchisees in Maryland. CEO John Hewitt said in the company's recent earnings webcast that it is evaluating the compliance process in what he said was "inappropriate activity" on the part of a small number of offices.

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Avalara’s Accounting Top 100 leaderboard (the “Leaderboard”) is assembled using a list of accounting professional users that’s curated by manual entry as well as by Rise.Global's internal Twitter search functionality. We reserve the right to change scoring metrics used for ranking and to exclude anyone from the list, in our sole discretion. The Leaderboard is not an endorsement, recommendation or sponsorship of any of the accounting professionals on the Leaderboard, and we do not make any representation or guarantee of their ability or reliability. Assessments by different methods or based on different information may yield different results. The Leaderboard is only a starting point to gather information about accounting professionals, and you should not rely on it to decide whether to hire an accounting professional.

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