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John Hewitt, CEO of Liberty Tax and founder of Jackson Hewitt, would like to arrange a deal that would bring him to a leadership position in H&R Block, which is in management turmoil. That was the picture painted this week by a story from the Associated Press. Liberty Tax itself did not issue a formal statement.

With a company that has been losing customers and executives, H&R Block got another blow this week when Thomas Bloch, son of founder Henry Bloch, said he would not seek reelection as a director because of differences he has had with the board.The announcement follows this month's abrupt resignation by CEO Russ Smyth after less than two years in the job. Bloch also criticized the compensation given new CEO Alan Bennett as "overly generous" and tax preparation fees as too high.

A commercial power outage that knocked out Intuit's computer systems had the company scrambling to restore Web services, its second major outage in the last 45 days. The company's Intuit ProLine Facebook page reported the problem occurred this morning, July 14, Pacific time and that most service was restored by around 5 pm Pacific time.

Although Wall Street like the fact that expense cutting boosted Jackson Hewitt's bottom line in the fourth quarter ended April 30, the company's top line dropped as revenue declined in every income segment. And the fiscal 2010 total of $213.8 million was 13.9 percent lower than the $248.3 million reported in fiscal 2009.