The Progressive Accountant
Intuit Buying DemandForce for $425M
- Friday, 27 April 2012
Intuit 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.
New York Preparer Draws 37-Month Sentence
- Thursday, 26 April 2012
Howard 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.
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Block to Drop Jobs and Close Stores
- Thursday, 26 April 2012
H&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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