Liberty Tax has issued its Form 10-Q for the second half ended October 31, becoming current on its filing obligations for the first time since last year. The company lost $12.9 million in the most recently ended period, compared to a loss of $13.1 million a year ago.

A 56-old tax preparer based in Port Murray, N.J., will serve a 32-month prison sentence and pay almost $500,000 in restitution to the Internal Revenue Service and  his victims. He used phony deductions and expenses to inflate refunds, but also stole money from clients.

Thomson Reuters will reduce headcount 12 by percent, locations by 30 percent and number of product s by 11 percent by 2020. The cost reduction program was announced this week as the already downsized company held its Investors’ Day.