RSM McGladrey saw a 39-percent drop in pre-tax income on a 4.2 percent decline in revenue for the year ended April 30 as the economy pressure billable rates and hours. That came as its parent, H&R Block, saw net income fall by 1.3 percent while revenue was off by 5.1 percent for the same period because of a decline in the number of tax returns prepared for the total tax season. Meanwhile, the resolution of the attempts by McGladrey & Pullen to end its relationship with RSM McGladrey cost the organization $14.5 million. Read more...