News

Payroll service provider Paychex has acquired HR Outsourcing Holdings. Rochester, N.Y.-based Paychex says HR Outsourcing, based in Charlotte, N.C., has about 140 employees who will be offered the opportunity to join Paychex. Terms were not disclosed.

Intuit has named Michelle Clatterbuck to take over the role of CFO on February 1. A long-term Intuit employee, Clatterbuck will replace Neil Williams, who is retiring at the end of January. Williams has served in that position since January 2008 when he joined the software company.

ADP is in proxy fight after the payroll services company, refusing this week to nominate three candidates for the board of directors submitted by Pershing Square Capital Management. The board unanimously rejected the group's candidates saying the rivals do not bring additional skill or experience to the board.

Intuit expects to add about 1 million new subscribers for QuickBooks Online for the year ending July 30. The company projects the level will hit 3,275,000 to 3,375,000 subscribers in the current fiscal year. That is up 27.2 percent over the 2,383,000 at the end of fiscal 2017, which itself was up 58 percent from the 2016 totals.