Explore the latest shifts in U.S. accounting standards led by FASB, focusing on revenue recognition and lease accounting. Learn what these changes mean for businesses.
Read more...
Explore how accounting firms are embracing remote solutions, leveraging cloud technology, and enhancing client trust in the evolving digital landscape.
Read more...
This article explores the transformative impact of cloud technology on accounting practices, highlighting efficiency, security, and collaboration advantages.
Read more...
Explore how the shift toward digital commerce impacts sales tax compliance and the strategies businesses use to navigate these evolving regulations.
Read more...
Explore how leadership dynamics in accounting firms are changing due to technology and diversity trends, with insights into modern strategies and tools shaping the industry's future.
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,…
Liberty Tax Service is using CCH's CompleteTax for online preparation and offered a private label version of the CCH program during the last tax season. The company will utilize CompleteTax again during the 2012 season, according to documents filed by JTH Holding, the tax franchisor's parent company, in its registration for an initial public offering.
Liberty, based in Virginia Beach, Va., offers online preparation via an application called eSmartTax. The original product under that name was acquired in 2007. However, last year, the company decided that is was no longer economical to update that system and Liberty wrote off its remaining $5.6 million investment in eSmartTax.
There were 98,000 returns prepared online in 2011, down from 117,000 returns prepared via eSmartTax in 2010. Liberty expects to utilize its own software for the 2014 tax season. With the CCH agreement not extending past 2012, the SEC documents did not address the 2013 season.
The company believes that despite the small number of tax returns prepared via its system that there is a large demand in the market for online preparation. Liberty says that it should be able to generate significant growth if it can successfully integrate its retail and online products.
Liberty Tax Service