The Progressive Accountant

N.Y. Attorney Guilty in Tax Prep Fraud

An attorney who operated a tax preparation business in the Bronx, N.Y., has pleaded guilty to charges he prepared returns that claimed more than $6 million in bogus deductions. William Doonan, 69, pleaded guilty to one count of aiding and assisting in the preparation of a false tax return.

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Thomson Tax & Accounting Rebounds

James Smith, Thomson ReutersThe Tax & Accounting Business of Thomson Reuters resumed its growth path in the third quarter ended September 30. In the second quarter, the unit saw a 13-percent drop in operating profit on a 1-percent increase in revenue. But with the third quarter, operating profit was up 15 percent, 10 percent before currency, with revenue rising 5 percent, 6 percent before currency.

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eFilecabinet Names New CEO

Jesse Wood, eFilecabinetDocument management company eFilecabinet has named Jesse Wood as its new CEO. He replaces interim CEO Benoy Tamang, who served in the leadership position from April when he replaced Matt Peterson. 

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