TurboTax Continues to Shift Online

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Purchasers of Intuit's TurboTax are continuing to shift from desktop software to using the company's consumer tax preparation product online. Overall, the company sold slightly more than 14 million units for the second quarter ended January 31, a 10-percent increase as Intuit said it continues to take share in the online market. CEO Brad Smith also said that do-it-yourself products are cutting into the business of some professional preparers.

News | The Progressive Accountant | Wednesday, 22 February 2012

Wolters Kluwer Moving into Analytics

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Wolters Kluwer, the parent of CCH, is moving heavily into providing analytical products that draw upon the data the company has gathered in its operations. That plan was briefly outlined by Chief Executive Nancy McKinstry as the company reported that net income was up 2 percent and revenue up 4 percent, both in constant currencies, for the year ended December 31.

News | The Progressive Accountant | Wednesday, 22 February 2012

Cloud Accounting Picking up with NFPs?

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If the way vendors pushing products show interest in online applications, then nonprofits must be demanding them. At least a lot more choices are hitting the markets for those organizations that would like to consider Internet-based software. Blackbaud has been expanding the presence of the online version of its Financial Edge Software; Sage North America is readying the launch of a cloud suite this summer. SaaS-based Intacct has started pushing into the space. And AccuFund finds market interest is accelerating for its online product.

News | Bob Scott | Wednesday, 22 February 2012

L.A. Area Preparer Booted from Business

A Los Angeles-area tax preparer has been permanently barred from preparing federal tax returns for others. The Justice Department alleged that returns prepared by Maria Teresita Viray of Reseda, Los Angeles County resulted in a loss of more than $45 million in tax revenue from 2008 to 2010. Viray operated TVDM Tax Services, MTV Tax Services and New Horizon Tax Services and had prepared thousands of returns since 2008.

News | The Progressive Accountant | Monday, 20 February 2012

Gilman Ciocia Gets New Accounting Officer

Gilman Ciocia has named Jay Palma as principal financial and chief accounting officer. The financial planning company, which also provides tax preparation services, made the move following the resignation of Karen Fisher from that position this week.

News | The Progressive Accountant | Thursday, 16 February 2012

Woodard Joins Sage's Channel

Joe Woodard, a prominent Intuit ProAdvisor, has become a Sage reseller as his firm, the Woodard Consulting Group, has joined the channel program of Sage North America as a dealer for Sage 90 and 200. Woodard operates the Scaling New Heights Conference for Intuit ProAdvisors and Solution Providers.

News | The Progressive Accountant | Wednesday, 15 February 2012

Florida CPA Indicted for False Returns

A Boca Raton, Fla., CPA has been indicted for preparing fraudulent tax returns and lying to Internal Revenue Service agents who were investigating his clients. John P. Miller is accused of obstructing Internal Revenue laws and preparing false tax returns.

News | The Progressive Accountant | Wednesday, 15 February 2012

Avalara to Start Accountant Resource Center

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Sales-and-use-tax vendor Avalara plans to open an Accountants Resource Center on its website next week. The center will provide free state tax forms and applications for exemption certificates, along with tools such as white papers and videos, including webinars.

News | Bob Scott | Tuesday, 14 February 2012

Tax & Accounting Sparkles for Thomson in 2011

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With the focus for Thomson Reuters for 2011 on cleaning up the mess in its former markets division, the Tax & Accounting business was a welcome bright spot for the company's results for the fourth quarter and year ended December 31. That segment produced a 17-percent increase in operating profits on a 14-percent rise in revenue for 2011 in what was the sixth consecutive quarter of double-digit growth of EBITDA for Tax & Accounting.

News | The Progressive Accountant | Monday, 13 February 2012

Former IRS Employee Gets Almost Nine Years

Thomas W. Richardson, a former Internal Revenue Service employee, has been sentenced to 105 months in prison for filing 29 individual tax returns for 2005 which claimed refunds of $7.9 million. Richardson, a resident of Mansfield, Texas, was also ordered to pay $30,649 in restitution.

News | The Progressive Accountant | Friday, 10 February 2012

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