Liberty Tax has been granted an extended stay from a possible Nasdaq trading suspension. The company announced this week its stock will continue to trade on the exchange until a final determination is made by the Nasdaq Hearings Panel.

Paychex saw a 7-percent-revenue increase for the year ended May 31. Most of that came from a 14-percent rise in human resource revenue with the 2-percent increase in payroll revenue coming largely from price increases. 

Bloomberg Tax has introduced an ASC 606 application which supports the revenue recognition standard. The product is available on the company’s cloud-based Advantage platform.