INTUIT PROMOTES GOODARZI Intuit has moved Sasan Goodarzi, who had led the company's professional tax software business, to the position of SVP and GM of the company's Financial Institutions Division.
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Goodarzi previously served as VP of the Professional Tax Software business. That business will now fall under Jill Ward, who in a newly created position, will also supervise the former Accountants Central.
MORNINGSTAR SETTLES SUIT
Morningstar has settled litigation with Graham Rich, founder and former managing director of its Australian subsidiary, Morningstar Research, paying about $3.2 million to end the dispute.
Morningstar invested in Rich's FPG Research in 1999, and dismissed him in 2001 after a number of disputes arose, leading to his suit.
THOMSON BUYS DELOITTE TAX UNIT
Thomson has acquired the Deloitte Tax Property Services business, which provides property tax compliance, outsourcing and consulting services, such as real estate appeals and complex property valuation.
The unit, which employs more than 420, will become part of Thomson Tax & Accounting's ePropertyTax business, which is located in Scottsdale, Ariz. The company says PTS will enhance the ePropertyTax compliance outsourcing service, both through its new services and its national market reach.
CCH ADDS TAX ZONE LOCATOR
The Tax Zone Locator, a service from the National Tax Credit Group, is now available on the CCH Tax Research Network.
The service provides information on business incentives available in California under the extension of the California Enterprise Zone Program, which services 21 cities or regions. Three zones were added this year and the division of some existing zones raised the number of business and employee address databases in the program to more than 126, run by more than 45 zone coordinators.
HR PUSHES PAYCHEX SALES
Human resource services revenue rose by 20 percent as payroll service revenue trailed with 8 percent revenue growth in Paychex's second quarter ended Aug. 31.
HR revenue rose to $113.3 million, while the much bigger payroll business saw revenue increase to $361.5 million. The top line total was $507.1 million, a 10.4 percent increase from $459.4 million in last year's corresponding period. Net income reached $151.1 million, up 11.8 percent from $135.1 million a year earlier.
ORRTAX NAMES NEW PREZ
Orrtax Software Solutions has appointed a new president, Matt Scheuing, who most recently served as COO of Captaris, which makes software for capturing, processing and delivering documents electronically.
Scheuing is responsible for developing the tax preparation vendor's strategies and will oversee operations in its offices in Houston and Belleview, Wash. He has also worked at technology services and telecommunications companies.
UNGER CHANGES NAME
Unger Software, a New York-based company which markets the Methuselah financial planning line, has changed its name to Financial Guidance Solutions.
CEO Michael Forbes said the name change reflects the company's broadening product line that also includes Financial Compass. Forbes took over the CEO job in January. The company has adopted a new tag line, "Bringing Financial Guidance to Life," and a new logo, a stylized compass.