Bob Scott

Bob Scott

PEO Rev Drop Hurts Paychex 3Q

An 8-percent drop in revenue from its professional services organization revenues contributed a a 1-percent decline in revenue for Paychex for the third quarter ended February 28. Meanwhile, payroll services revenue was virtually unchanged.

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SafeSend Gets Funding

SafeSend has received an investment of an undisclosed amount for developing its SafeSend suite. The funding came from Lead Edge Capital, a growth-stage investment firm.

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IRS Can Use Wide Summons for Crypto Investors

A District Court in Massachusetts has authorized the Internal Revenue Service to use a John Doe Summons to find cryptocurrency investors. The action enables the IRS to use the summons for investors in Circle Internet Financial and its affiliates, including Poloniex.

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