The Progressive Accountant
CEO's Pay Down as CBIZ Cuts Bonuses
- Wednesday, 21 April 2010
Steven Gerard, CEO of CBIZ, had a 1 percent decline in total compensation for 2009 as the company cut his bonus for the year by 54.7 percent. Gerard, like other executives whose bonuses also were reduced, made up some ground with a base salary increase. He ended last year with $2.29 million in compensation, down from $2.54 million in 2008.
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IRS Names New Advisory Council Members
- Tuesday, 20 April 2010
WASHINGTON — The Internal Revenue Service has selected seven new members for the Internal Revenue Service Advisory Council, which provides forum for IRS officials and the public to discuss tax administration issues. Members represent taxpayers, professional preparers, small and large businesses and the payroll community.
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Block Lost Returns While TurboTax Sales Rose
- Tuesday, 20 April 2010
The continuing boom in online tax preparation led Intuit to a 10-percent increase in sales of its consumer tax software, TurboTax, during the tax season. TurboTax continued to gain at the expense of tax store chains with H&R Block reporting its return total dropped by 4.9 percent. Meanwhile, quarterly results filed by Republic Bancorp showed a increase in net income from refund anticipation loans despite an 11 percent decrease in loan fees.
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