The Progressive Accountant

Checkpoint Gets New Trade Publications

Thomson Reuters logo Thomson Reuters has added new international trade publications to its Checkpoint platform. These include WTE Practical Trade & Customs Strategies, a twice-monthly electronic periodical which provides information about how industry experts manage complex trade issues. Coverage includes company case studies, best practices in trade law compliance, and articles by legal counsel and consultants.

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Justice Seeks to Shut Down Early Bird Preparer

Mo Money logoThe Department of Justice has asked a federal court to shut down a tax office in Nashville, Tenn., that allegedly prepared returns before tax season started. An injunction is being sought against Mo' Money Taxes licensee Toney Fields and co-defendant, Trumekia Shaw, who allegedly prepared tax returns based on pay stubs. It was only the latest in a string of problems and allegations surrounding the Mo Money tax preparation chain.

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Franchise Sales, Timing, Hurt Liberty Tax Revs

John Hewitt, Liberty TaxA drop in sales of territories to existing franchisees cut revenue for JTH Holdings, the parent of Liberty Tax, during the second quarter ended October 31. Revenue fell to $7.3 million in the most recently ended quarter, down 17 percent from $8.8 million a year ago. That was despite the fact that there were 197 new franchisees during the quarter, up 27 percent from a year earlier. Read more...

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