Explore the latest shifts in U.S. accounting standards led by FASB, focusing on revenue recognition and lease accounting. Learn what these changes mean for businesses.
Read more...
Explore how accounting firms are embracing remote solutions, leveraging cloud technology, and enhancing client trust in the evolving digital landscape.
Read more...
Discover how accounting firms are navigating the AI-driven landscape, leveraging cutting-edge technology to enhance efficiencies in auditing and bookkeeping.
Read more...
Explore how the shift toward digital commerce impacts sales tax compliance and the strategies businesses use to navigate these evolving regulations.
Read more...
Explore how leadership dynamics in accounting firms are changing due to technology and diversity trends, with insights into modern strategies and tools shaping the industry's future.
Read more...
How AI Is Reshaping Payroll: What Every Business Needs to Know The 2025 Payroll Special Report explores how artificial intelligence is revolutionizing payroll—transforming it from a back-office function into a strategic powerhouse. Discover how AI is enabling greater efficiency, accuracy, and compliance while unlocking real-time insights and cost-saving automation. With insights from industry leaders at ADP, Paychex, KPMG, and more,…
Automatic Data Processing has increased its forecast for revenue growth for its year based on strong improvement in important metrics for its third quarter ended March 31. The company increased its forecast to 9-percent-to-10-percent growth from the prior estimate of a 7-percent-to-8-percent increase for the year ending June 30.
CEO Gary Butler cited a sharp improvement in client retention levels as one of the key factors in adjusting the outlook. "The quarter's increase of almost 200 basis points puts us on track this fiscal year to actually exceed the record retention levels that we achieved in fiscal 2008," he said in this week's earnings webcast.
ADP registered a 5-percent increase in net income on 7 percent rise in revenue. Net income was $423.8 million for the most recently ended period, up from $403.6 million. Third-quarter revenue reached $2.74 billion, compared to $2.44 billion in last year's corresponding period. The company noted the increases stemmed from better-than-anticipated wage growth, higher net pay and pays per control.
Excluding acquisitions, revenue from employer services, the payroll side of ADP's business, is expected to rise 5 percent to 6 percent, an increase of the prior forecast of roughly 5-percent growth. Including acquisitions, growth is expected to hit about 7 percent.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
