The Progressive Accountant - Tax (1552)
Children categories
Tax 1539
The assets of NextPoint Financial, parent of chain Liberty Tax, have been sold after approval by a Canadian Court and under Chapter 15 bankruptcy in the United States.
Liberty and Canadian Community Tax will continue to operate under the ownership of BP Commercial Funding Trust, Series SPL-X
The action was spurred by NextPoint’s disastrous acquisition of LoanMe, which was supposed to be operated in tandem with Liberty as a one-stop consumer operation. NextPoint purchased both LoanMe and Liberty in 2021 but shuttered LoanMe for new loans in July 2023. NextPoint sued AmeriFirst Home Improvement Finance seeking millions of dollars in damage for the alleged failure of AmeriFirst to live up to the terms of a loan servicing contract.
LoanMe, which had continued to service existing loans, will be wound down. NextPoint’s announcement said there would be no assets to distribute to creditors
View items...Preparer to Pay $1.2 Million Restitution
A Maryland man working as a tax preparer in New Jersey has been sentenced to five years in prison. Joseph Kenny Batts, age 52, of Elkridge, Md., was ordered to pay $1.2 million in restitution to the Internal Revenue Service.
SafeSend Rebrands, Refreshes
SafeSend has rebranded and overhauled its website. The company, whose software automates assembly, delivery and e-signing of prepared returns, said it has also added resources to the site
Court Bars Repeat Tax Prep Offenders
A federal court has barred a West Palm Beach, Fla., tax return preparer and her business from preparing federal income tax for others. The action was taken against Lena Cotton, who has been held in contempt of court for twice violating court orders. and her business Professional Accounting LDC LLC.
IRS Names Experience Officer
- Monday, 01 February 2021
- Tax
- Written by Patrick O'Leary
The Internal Revenue Service has named Ken Corbin as its first chief taxpayer experience officer. He will assume those duties while continuing in his role as IRS wage and investment commissioner, the agency’s largest operating division.
TaxAct Opens Pro Assistance Service
TaxAct has opened a service via which its customers can receive support from tax professionals. TaxAct Xpert Help enables users to connect with advisors via an in-product link.
IRS to Launch Tax Pro Accounts
The Internal Revenue Service this summer will launch Tax Pro Accounts, the agency said this week. The IRS said the system will initially enable tax This summer, the IRS plans to launch the Tax Pro Account. Its initial functionality will allow tax professionals to initiate a third-party authorization on IRS.gov and send it to a client's IRS online account.
Corvee Releases Tax Questionnaires
Corvee has released its 2021 tax season questionnaires. Also released were file requests and engagement letters which are within the company’s tax planning software.
CrossLink Inks Payments Agreement
CrossLink Professional Tax Solutions is offering integrated payment processing for tax preparers utilizing its CrossLink Online application. The capability is being offered through an agreement with PayJunction.
Filing Season Starts February 12
The Internal Revenue Service will open tax filing on Friday, February 12. That is the day the agency says it will begin accepting and processing 2020 tax year returns.
Advocate: More Info Needed More Refund Delays
The Internal Revenue Service should have done a better job of informing taxpayers about refund delays during the past tax season, according to the annual report of the National Taxpayer Advisor. The report to Congress this week by Advocate Erin M. Collins said the IRS should create a regularly updated “COVID-19. Dashboard” and by issuing weekly news releases.
Sales Tax Assessment Tool
The Accounting Top 100
Sales Tax Calculator
Social Leader board
The Accounting Top 100 social media leaderboard ranks accounting professionals based on their overall presence, influence, and engagement on social media platforms. Each user’s rank is determined by that user’s Klout Score in addition to a list of custom metrics, and all updated rankings are displayed in new leaderboards generated every two weeks.
Did you make the list?
Congratulations! You can now track your progress on the leaderboard by clicking “Follow us” at the top of the list. Want to get the word out about your new celebrity status? Share this page with all of your friends and followers so they can view and join in on this fun social activity.
Think you’ve got what it takes to make the Top 100?
Disclaimer
Avalara’s Accounting Top 100 leaderboard (the “Leaderboard”) is assembled using a list of accounting professional users that’s curated by manual entry as well as by Rise.Global's internal Twitter search functionality. We reserve the right to change scoring metrics used for ranking and to exclude anyone from the list, in our sole discretion. The Leaderboard is not an endorsement, recommendation or sponsorship of any of the accounting professionals on the Leaderboard, and we do not make any representation or guarantee of their ability or reliability. Assessments by different methods or based on different information may yield different results. The Leaderboard is only a starting point to gather information about accounting professionals, and you should not rely on it to decide whether to hire an accounting professional.
For feedback and/or questions please contact [email protected]
.
Most Read
-
-
May 05 2025
-
Written by The Progressive Accountant
In celebration of National Small Business Week, ADP recently gathered…
-
-
-
Apr 01 2025
-
Written by The Progressive Accountant
Explore how ESG reporting is transforming the auditing landscape, driven…
-
-
-
Apr 01 2025
-
Written by The Progressive Accountant
Explore how AI is revolutionizing tax consulting amidst recent regulatory…
-
-
-
Mar 02 2025
-
Written by The Progressive Accountant
Explore the latest developments in accounting standards, focusing on FASB's…
-