The Progressive Accountant

Jackson Hewitt Gets Same Republic Funding

Jackson HewittAll tax preparation company Jackson Hewitt Tax Services has to do is get the other half of the funding it needs for its refund anticipation loan program as Republic Bank has agreed to fund half the program in the upcoming tax season as it did for the 2010 tax season. But the Parsippany, N.J.-based tax chain needs to get another source of funds to meet requirements of agreements with its own lenders.

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Paychex Promotes Mucci to CEO

Martin MucciWith Paychex founder Tom Golisano joking on Tuesday about his reputation of being hard to work with, it made sense that the person named on Thursday as the payroll services provider's new CEO was an insider, Martin Mucci, SVP of operations. Mucci joined the company in 2002 after a career in the telecommunications business.

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Retirement Funds Boost ADP Exec Pay

Gary ButlerExecutives at Automatic Data Processing did not receive bonuses for the year ended June 30. But a jump in two retirement funds produced decent increases in total compensation. In the case of CEO Gary Butler, his pay for 2010 rose by 16.2 percent as his pension and deferred compensation plans saw a 60.3 percent increase in value for the year.

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