News

doj logoThe Justice Department is seeking to bar two Dallas tax return preparers from preparing federal tax returns for others. A suit alleges that Ricardo Solomon and Leslie Mosley, who operate a business called Trini Tax, claimed false deductions and credits on customers' federal tax returns.

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Kevin Kirn, IntuitIntuit has souped up the performance of QuickBooks Online, the Internet-based edition of its QuickBooks financial software. The system has been tuned to improve the system's speed and, in general, a series of enhancements to the product have been aimed at overcoming some previously inefficient features.
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Bill Cobb, H&R BlockH&R Block is cutting its presence in Sears stores to 112 of its best-performing locations for the next tax season. And while CEO Bill Cobb noted the companies have renewed their contract, that number is down from 500 stores during the 2012 season while the company prepares to open in more WalMarts. In this week's earnings webcast, Cobb expressed confidence that his company can retain most of the customers frequenting the closed locations.

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John Hewitt, Liberty Tax ServiceThe cost of being a publicly held company helped increase the loss for JTH Holding, the parent of Liberty Tax, by 23.6 percent, for the first quarter ended July 31. That came as a doubling of franchise fees was a key part of a 37.3-percent rise in revenue for the period.
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