With fees from sales of franchises up sharply and costs down, JTH Holding, the parent of franchisor Liberty Tax Service, reported a 47.4-percent rise in net income on a 12.7-percent increase in revenue for the year ended April 30. That contrasted with the results of rivals, a 2.5-percent decrease at H&R Block, and Chapter 11 bankruptcy at Jackson Hewitt.

Cougar Mountain Software, which is trying to revitalize its reseller program, is also actively mulling the creation of an accountants' program. It is something the Boise, Idaho-based vendor has never done, even though Cougar considers its application extremely suitable for accountants, according to Mike Anderson, chief marketing officer.

A Canadian accountant has been barred from practicing before the SEC for two years after the SEC rejected his contentions he was not acting as an auditor. Assurance partner Erez Bahar of Davidson & Co. of Vancouver, B.C, was suspended for his role in audits of a company that improperly recognized revenue for the sale of millions of dollars of skin care products. Bahar has a right to request a review before the preliminary order goes into effect.