Explore the transformative impact of AI on the accounting industry, highlighting automation, predictive analytics, and the evolving role of accounting professionals.
Read more...
Explore how accounting firms are scaling operations and enhancing service delivery by leveraging emerging technologies like cloud accounting and automation.
Read more...
Explore the rise of cloud accounting as a sustainable and efficient solution for modern firms. Delve into its benefits and challenges, with insights from industry leaders.
Read more...
Explore the latest trends in tax compliance for accountants, including digital transformations, data analytics, and multi-state tax complexities.
Read more...
Explore the changing landscape of sales tax compliance amid e-commerce growth. Learn about the challenges and solutions for businesses navigating regulations.
Read more...
Explore significant leadership changes this week in leading accounting firms like Crowe, Deloitte, EY, and KPMG, reflecting strategic advancements and market trends.
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 Taxhas issued its Form 10-Q for the second half ended October 31, becoming current on its filing obligations for the first time since last year. The company lost $12.9 million in the most recently ended period, compared to a loss of $13.1 million a year ago.
Since the quarter is outside of tax season, it is a three-month period in which tax companies do not make money.
The Newport News, Va.-based company reported $6.8 million for the quarter, down 12.8 percent from $7.8 million in last year’s corresponding period. A big factor in the increased loss was a 35.6-percent drop interest income to $1.5 million from $2.1 million. The company said that was related to a reduction in working capital loans to franchisees.
There was also a roughly $600,000 decrease in other revenues. This is income from acquisition of area developers and franchisee operations for less than their value.
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
