Tax and Financial Planning News


INTUIT GETS SUBPOENA Intuit has become the latest of a number of companies subpoenaed by the U.S. Attorney for the Northern District of California for documents related to its stock-option practices.

Intuit, which had previously disclosed an informal request from SEC, said it would cooperate with the U.S. attorney. It has also began a voluntary review of its practices for awarding stock options. At least 50 companies have been contacted about possible stock-option abuses.


Partner Insights

BNA has launched a free human resources Web site, the BNA Research & Performance Metrics, at

The content includes feature articles on improving benchmarking practices and using results more effectively; calculators for assessing job absence and turnover rates, HR staff ratios, and recruiting efficiency; advice, insights, and tips from researchers and HR professionals; and an "Ask the Analyst" column to provide answers to common research issues.


TimePlus Payroll Services, an Atlanta-based payroll service, has named Teh Chen as West Coast regional vice president to help expand the company's operations in Los Angeles and the West Coast.

TimePlus expanded into the region in February with its purchase of Palmdale, Calif.-based TimePlus, and has since opened a sales office in Los Angeles. The company has received an investment from a group led by Chicago Growth Partners that will be used to fund growth there.


Paychex reported net income of $464.9 million for the year ended May 31, up 26 percent from $368.89 million for the prior fiscal year as revenue rose 10 percent.

Payroll service revenue for 2006 was $1.25 billion, up 5 percent compared to $1.13 billion while human services revenue grew to $324.9 million, up 29 percent from $25.1 million a year earlier. Total 2006 revenue was $1.67 billion, up 16 percent from $1.45 billion in last year's corresponding period.


Thomson Tax & Accounting has brought together CPE and training programs from a number of its operations under the name CPE & Training Solutions.

The program incorporates products from Practitioners Publishing, RIA, Gear Up, MicroMash, Bell Learning, and Quickfinder. Information about the offerings is available at


ADP Small Business Services has reached an agreement to enable First Data Corp. to market its EasyPay outsourced payroll services through First Data's merchant services sales channel.

First Data will also market ADP's Total Pay suite that includes money movement, fraud protection, and check reconciliation features, and Total Tax Complete, which includes compliance services. The sales effort will start in a few territories and will then be rolled out nationally.


TaxWise, a Rome, Ga.-based tax software company, was named one of five finalists in each of two categories at the 2nd Annual Call Center Awards.

The company was named in two categories, "Best in Class" and "Best Use of Technology." The competition is conducted by Call Center IQ, a division of the International Quality & Productivity Center. Judging was conducted by a panel of experts and call center executives.


The American Institute of CPAs has renamed its continuing education products, formerly called InfoBytes, as CPExpress.

The offering has also been enhanced with new categories that include Hot Topics, Annual Updates, Accounting & Auditing, and Taxation. The AICPA says there is also easier tracking and course access, along with a course slider bar that offers a customizable view and a catalog. The system can now also be accessed via Internet Explorer and Firefox.

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