Explore how inflation is influencing accounting practices in the U.S. Discover changes in financial reporting, budgeting, and risk management.
Read more...
Explore strategic steps accounting firms can take to overcome current challenges, focusing on cloud solutions, data analytics, and talent diversification.
Read more...
Discover how quantum computing is poised to transform accounting, offering unparalleled speeds and efficiency in data processing, financial analysis, and real-time decision-making.
Read more...
Explore the latest trends in corporate tax compliance, including technological advancements, IRS updates, and international tax regulations. Stay informed on the complexities and solutions for effective tax planning.
Read more...
Explore the latest changes in sales tax compliance and economic nexus affecting businesses. Learn how recent rulings and technology are shaping tax strategies.
Read more...
Explore recent leadership changes at Deloitte and PWC, highlighting strategic shifts towards innovation and sustainability within the accounting industry.
Read more...
Payroll isn’t just a back-office function; it’s a strategic engine that powers both financial performance and employee confidence. Every payroll run influences cash flow, compliance, and reporting accuracy, while shaping how employees perceive their value within the organization. This special report reframes payroll as a critical driver of financial discipline and a cornerstone of the employee experience, elevating it from…
PARSIPPANY, N.J. - After reaching agreement with its lenders, Jackson Hewitt Tax Service has filed for Chapter 11 protection in what was termed a pre-packaged bankruptcy. The company expects a restructuring plan to be implemented within 45 to 60 days. It will continue its usual operations, including preparation for the 2012 tax season and it expects no disruptions. The plan would privatize the company.
CEO Philip H. Sanford said the debt restructuring plan would leave the company with a strong balance sheet, fully funded business plan and the ability to make investments. He regreted that there is 'insufficient value for our equity holders and unsecured creditors to share."
The bankruptcy filing was made in the U.S. Bankruptcy Court for the Distict of Delaware. The filing included the reorganization plan agreed to with the company's lenders. It asks the court confirm the plan on an expedited basis. Under the proposal, secured lenders would receive a pro rata share of equity in the reorganized company. Jackson Hewitt also anticipates entering a new $115-million revolving credit facility once the plan is approved.
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.
PARSIPPANY, N.J. - After reaching agreement with its lenders,
