The Progressive Accountant

Intuit's Smith Gets 22-Percent Pay Hike

Brad SmithIntuit has given its CEO, Brad Smith, a 22-percent hike in his base pay. Smith will receive $975,000 for the year ending April 30, 2012, up from $800,000 for fiscal 2011. And company executives, most of whom did not receive bonuses in fiscal 2010, got them for the year ending July 31.

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CrossLink Expands Georgia Office

crosslink logoCrossLink, a tax software operation owned by Petz Enterprises, has opened a new office in Rome, Ga. The 7,500-sq.ft.-facility doubles the amount of space that CrossLink had when it moved into the Southern city in September. The company has an option for an additional 2,000 square feet.
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CPA Barred for Ponzi Role

A Philadelphia area CPA has been barred from SEC practice for his role in a Ponzi scheme that operated for 13 years. CPA John N. Irwin received $5 million in fees and trading profits as he and his firm, Jacklin Associates, steered clients to Joseph S. Forte  and their partnership, Joseph S. Forte LP, which fraudulently obtained $75 million from more than 100 investors that includes area at least one area church and a private school on whose board Jacklin sat.

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