TaxMasters, Inc. (TAXS.OB) offers services and counsel to taxpayers across the country facing seemingly insurmountable tax problems, and relief from substantial federal tax debt. Employing over 300 people, TaxMasters leverages the expertise of ex-IRS agents, enrolled agents, attorneys, CPAs, and seasoned tax consultants ready to counsel and assist every day people with their specific tax issues.
TAXS recently filed a Current Report on Form 8-K to announce that Patrick Cox, its founder, CEO and majority shareholder, voluntarily entered into a Financial Reorganization Agreement in which Mr. Cox deposited 200 million shares of his TaxMasters, Inc. common stock with TaxMasters, Inc. transfer agent, Olde Monmouth Stock Transfer Co., Inc. These shares will be held in escrow by Olde Monmouth for a five year period ending June 30, 2015. During that time, Mr. Cox has waived his right to vote the escrowed shares and he has also waived his right to receive any dividends or other distributions by TaxMasters, Inc. with respect to the escrowed shares.
As a result of Mr. Cox’s voluntary escrow of shares, there are now 139,676,105 shares of common stock that can be voted or can receive dividends or other distributions. The 139,676,105 shares will also be the number of shares used to calculate earnings per share for TaxMasters, Inc. financial statements.
For more information about this company please visit http://www.txmstr.com
Intuit Inc. (NASDAQ: INTU) is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit’s leading tax preparation offerings for professional accountants. Intuit Financial Services helps banks and credit unions grow by providing on-demand solutions and services that make it easier for consumers and businesses to manage their money.
INTU has transformed its healthcare business by combining newly acquired Medfusion with its Quicken Health Group to create a new business unit called Intuit Health. Based in Cary, N.C., the group is committed to improving healthcare through innovative online connected services that make the clinical, administrative, and financial side of healthcare easier for everyone.
Intuit Health’s patient-to-provider communication solutions extend the value of an electronic health record to give patients timely electronic access to their health information. It will also help providers qualify for the $44,000 per physician payment funded in the American Recovery and Reinvestment Act.
For more information about this company please visit http://www.intuit.com
The Goldman Sachs Group, Inc. (NYSE: GS) is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
Goldman Sachs recently reported the launch of its Derivatives Clearing Services (DCS) business. DCS provides clients with a comprehensive global OTC clearing service for interest rates, credit, foreign exchange, equities and commodities.
In addition, GS recently reported net revenues of $8.84 billion and net earnings of $613 million for its second quarter ended June 30, 2010. Diluted earnings per common share were $0.78 compared with $4.93 for the second quarter of 2009 and $5.59 for the first quarter of 2010. Annualized return on average common shareholders’ equity (ROE) was 7.9% for the second quarter of 2010 and 13.1% for the first half of 2010.
Excluding the impact of the $600 million related to the U.K. bank payroll tax and the $550 million related to the SEC settlement, diluted earnings per common share were $2.75 for the second quarter of 2010 and annualized ROE was 9.5% for the second quarter of 2010 and 14.8% for the first half of 2010.
For more information about this company please visit http://www2.goldmansachs.com
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