The Progressive Accountant

Intuit Buying DemandForce for $425M

Rick Berry, DemandforceIntuit is planning to buy SaaS vendor Demandforce for $425 million. Demandforce bundles marketing and communications tools into a Web-based application and targets small local businesses. The deal is expected to close next month.

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New York Preparer Draws 37-Month Sentence

doj logoHoward Levine, owner of a Dix Hill, N.Y.-based tax preparation business was sentenced to 37 months in prison this week  after he pleaded guilty in January to obstructing internal revenue laws and preparing false returns for clients. He was also ordered to pay $320,998 in restitution to the Internal Revenue Service. Read more...

Block to Drop Jobs and Close Stores

Philip Mazzini, H&R blockH&R Block is restructuring its organization with plans to eliminate 350 jobs and close 200 company-owned stores. It also announced that Philip L. Mazzini, president of Retail Tax Services, has resigned effective April 30. Block also said that total returns prepared for the 2012 tax season were up 4.5 percent over a year ago. But that was because online returns outpaced sluggish growth at retail stores.

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