News

xero logoXero, which markets low-cost online accounting software, saw the number of customers and its worldwide revenue double for the first half ended September 30. In both cases, the company is growing from a small base, but is continuing on a fast growth path.
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Jack Lynch,  Wolers KluwerJack Lynch, a member of the Wolters Kluwer executive board, is leaving the company to take a job as CEO of a U.S. company. As a member of that board he has been one of the top three executives of the parent of CCH. Lynch joined the company in 2006 and became a member of its executive board in April 2007.

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Gilman Ciocia logoFines and legal costs took a bite out of Gilman Ciocia's cash during the year ended July 31. However, the financial planning and tax preparation firm was successful in getting proposed fines substantially reduced in Florida, where it has faced ongoing legal issues regarding variable annuities sold a few years ago. Meanwhile, the company was able to sharply cut its losses for fiscal 2012, although revenue dropped slightly.
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Bill Cobb, H&R BlockH&R Bock, which last month said it would slash its presence in Sears, has decided to sever the relationship completely. In a end-of-the month filing with the SEC, the Kansas City, Mo.-based tax services chain made a brief, but clear statement about the end of Block locations within Sears stores. That came as rival, Jackson Hewitt, announced a new agreement with the retail company.

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