The Progressive Accountant - Tax (1560)
Children categories
Tax 1547
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...TaxWise Mobile Launched
- Tuesday, 16 July 2019
- Tax
- Written by The Progressive Accountant
Wolters Kluwer Tax & Accounting has launched TaxWise Mobile, a mobile interface, which integrates with TaxWise Online. The system is designed to support full remote tax preparation, the company said recently.
Liberty Tax Sets New Direction
- Thursday, 11 July 2019
- Tax
- Written by The Progressive Accountant
Liberty Tax has embarked on a dramatically new direction in which the company acquires franchised or complimentary businesses. That includes its purchase this month of Buddy’s Newco, which operates most of Buddy’s Home Furnishings business, for about $25 million.
CrossLink Promotes Executives
- Tuesday, 09 July 2019
- Tax
- Written by The Progressive Accountant
CrossLink Professional Tax Solutions has promoted two executives to the company’s officer team. It has also promoted two others to vice president positions and hired a former employee into another VP slot.
Security Top ETAAC Issue
Congress needs to remove legislative barriers that prevent financial services companies from sharing information about tax identity fraud, the Electronic Administration Advisory Committee recommended this week. The Internal Revenue Service should also have authority for security standards and enforce in the areas of business tax and payroll, it said.
IRS Issues Ag Coop Guidance
- Tuesday, 18 June 2019
- Tax
- Written by The Progressive Accountant
The Internal Revenue Service has issued guidance for deductions for domestic production activities for agricultural or horticultural cooperatives and customers. The guidance includes deductions for qualified business income and for calculating W-2 wages under section 199A(g).
Canopy Pitches Eco-system for Tax Prep
- Tuesday, 18 June 2019
- Tax
- Written by The Progressive Accountant
Canopy is pitching its software eco-system as providing an advantage in using its newly introduced tax preparation software. Known for its tax resolution software, Canopy introduced the preparation software during the past tax season.
Price Cuts Dent Block’s Fiscal 2019
H&R Block said that targeted price cuts dampened results for the year ended April 30. Block did not disclose which market segments were the target for the pricing action, but said it will not expand the program.
Liberty Tax Seeking New CEO
- Monday, 10 June 2019
- Tax
- Written by The Progressive Accountant
Liberty Tax is seeking a new CEO following the resignation of Nicole Ossenfort, who has held the job since February 2018. Ossenfort is returning to operate Liberty franchises in South Dakota. The company also announced results that revenue and tax returns prepared for fiscal 2019 plunged.
IRS Shows New W-4 Design
- Monday, 03 June 2019
- Tax
- Written by The Progressive Accountant
The Internal Revenue Service has issued a draft of Form W-4 to be used in 2020. The revised form, which discards the concept of withholding allowances, is expected to be released in mid-to-late July to give employers and payroll processors the ability to update systems before the final version form is released in November.
Goodarzi: Intuit Did Not Hide Free File
- Tuesday, 28 May 2019
- Tax
- Written by The Progressive Accountant
Intuit did not hide the its Free File offering from the public, CEO Sasan Goodarzi said in the company’s recent earnings webcast. Goodarzi said the company remains committed to the Free File Alliance program.
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
-
-
Jun 29 2025
-
Written by The Progressive Accountant
Explore the latest shifts in U.S. accounting standards led by…
-
-
-
Jun 15 2025
-
Written by The Progressive Accountant
Discover how remote auditing is reshaping CPA firms' operations. Learn…
-
-
-
Jun 15 2025
-
Written by The Progressive Accountant
Explore the critical importance of strategic planning for modern accounting…
-
-
-
Jun 22 2025
-
Written by The Progressive Accountant
Discover the strategic advantages of adopting remote work in modern…
-