The Progressive Accountant

QBO Adds 1M Subs in FY 2019

Intuit said recently it added more than 1 million subscribers of its QuickBooks Online software for the year ended July 31. The tax and accounting software issued the numbers as it reported a 17.2-percent rise in net income on an 11.9-percent increase in revenue over fiscal 2018.

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Security Summit Reports New Scam

The Internal Revenue Service and its Security Summit partners are warning of a new IRS impersonation campaign. Emailers posing as IRS representatives have been sending messages with phrases such as "Automatic Income Tax Reminder" or "Electronic Tax Return Reminder."

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Georgia Preparer Faces 22 Years

A Columbus, Ga., tax preparer has pleaded guilty to charges of federal wire fraud and identity theft. Kevan Walker, 33, of Columbus, faces a sentence of 20 years for wire fraud and a mandatory two-year sentence for ID theft.

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