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Thomson Highlights AI Plans
Thomson Reuters focused heavily on artificial intelligence in its webcast for earnings for the year ended December 31. Although most of the activity in 2023 with generative AI involved its legal market products, the company said it will add such capabilities to its Checkpoint research platform this year.
PE Firm Invests in Baker Tilly
Two private equity firms have made what is described as a “strategic investment” in CPA firm Baker Tilly US. The size of the investment by Hellman & Friedman and Valeas Capital Partners, which is expected to close in early June, was not disclosed.
Patriot Grows Affiliate Net
Patriot Software is expanding affiliate marketing with a launch of its Affiliate Program on Impact.com.
Citrin Cooperman Acquires Reseller
Citrin Cooperman has acquired Mibar, a value-added reseller based in New York, N.Y. It is Citrin’s second purchase of a mid-market accounting software reseller in a year.
WK Debuts Reporting Products
Wolters Kluwer has introduced an application for businesses impacted by the beneficial ownership reporting rule under the Corporate Transparency Act. The rule took effect on January 1.
Revised CPE Standards Approved
Revision to the Statement on Standards for Continuing Professional Education.
KKR to Buy Iris
KKR is reported in talks to buy Iris, which owns a variety of tax and accounting office applications, for about $5.74 billion via debt financing. The deal was reported this week by Bloomberg, which attributed it to sources.
Read more...Bill to Cut 15 Percent of Staff
Payments vendor Bill plans to drop about 15 percent of its workforce, the company said this month. As of June 30, Bill employed 2,520 individuals.
Intuit Stopping New Desktop Sales
Intuit will halt sales of desktop QuickBooks products to new customers on July 31. It will continue to support the applications for existing customers.
Accounting App Basil Debuts
CoralTree has launched an all-in-one product, Basil, that encompasses accounting and business office features designed for accountants and small business owners.
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Jan 23 2024
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Intuit used deceptive advertising in calling some of its TurboTax…
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Jan 23 2024
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The Internal Revenue Service is redesigning the roughly 170 million…
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Feb 05 2024
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Patriot Software is expanding affiliate marketing with a launch of…
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Feb 23 2024
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Wolter Kluwers will introduce its global audit cloud suite this…
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