A new tax reform bill introduced in Congress has sparked debates among accounting professionals regarding its potential impact on compliance and advisory services.
Read more...
Explore the benefits and strategies for embracing remote work culture within accounting firms. Learn how leading firms like BDO USA leverage technology to maintain productivity and work-life balance.
Read more...
Explore how quantum computing is poised to transform accounting with its incredible capability to process complex data rapidly, enhancing efficiency in audits and financial forecasts.
Read more...
Explore the impacts of new federal tax reforms on businesses, highlighting changes to corporate tax rates, state-level implications, and the importance of digital tax tools.
Read more...
Explore the complexities of sales tax compliance in the digital commerce era, highlighting the impact of economic nexus laws and the importance of staying updated with tax regulations for businesses.
Read more...
Discover how young innovators and emerging leaders are transforming the accounting industry, embracing new technologies, and positively impacting firm growth.
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,…
Paychex reported a strong start to fiscal 2022 with a 39.4-percent increase in net income of a 16-percent rise in revenue for the first quarter ended August 31. With expenses dropping by 1 percent, net income rose to $326.9 million for the most recently ended quarter from $234.6 million a year ago.
Revenue reached $1.08 billion, up from $982.2 million in last year’s corresponding period. Management Solutions, which includes payroll, had $805.4 million in revenue, an increase of 17.2 percent from $687.4 million a year ago.
In this week’s earnings webcast, CEO Martin Mucci said the results were above the company’s expectations and pointed to “continued momentum in sales, marketing, and client retention.
CFO Efrain Rivera said Paychex does not anticipate a significant change in employment levels during the second quarter and noted, “We simply are at a point where we had in the first quarter a nice rebound in terms of the number of employees on the payroll.”
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.
Paychex
