In celebration of National Small Business Week, ADP recently gathered insights from nearly 18,000 small business owners across the U.S. Their feedback—rich with practical advice and hard-earned wisdom—provides a timely opportunity for accounting professionals to better understand the mindset of today’s small business leaders. For accountants serving small businesses, this data isn’t just informative—it’s actionable. From HR strategy to compliance…
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The issues surrounding payroll have changed dramatically over the last two years. With a significant percentage of the population working away from the office—and like to stay away, many businesses now have a work force in more than one state, meaning tax compliance is more complicated. The Great Resignation in which millions have changed or are changing jobs having clients asking…
Liberty Tax, whose ownership changed hands during the summer, has received a bid for all outstanding share at $13 per share. That is about $182 million based on shares reported outstanding in the company’s most recent Form 10-K.
The Virginia Beach, Va.-based company identified the proposal only as an unsolicited and non-binding proposal from an unaffiliated private equity fund. Liberty said it would review the bid and solicit other interested parties.
“We remain confident in Liberty Tax’s strategic plan and the significant growth opportunities available to us. At the same time, we are open-minded and willing to consider any transaction that maximizes value for our stockholders,” CEO Nicole Ossenfortsaid in a prepared statement.
Liberty was acquired in July by Vintage Tributum, an affiliate of Vintage Capital Management which acquired the Class A and B shares of founder and former CEO John Hewitt. The deal ended the existence of Class B shares, via which Hewitt had continued to control the company after he was fired in September 2017.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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