News (1882)
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QB SMB Retail Marketplace Opens
Intuit has launched Trada by QuickBooks, a market-place were small businesses can buy and sell wholesale goods. The platform is designed for retailers in the United States and Australia.
Economy Dampens Blucora Wealth Biz
Blucora said market volatility held down growth in its Avatax wealth management business for the second quarter ended June 30. The company this month reported a revenue increase of 1 percent over last year’s corresponding period as a result.
Thomson Tax, Acct'ng Revs Up 9%
Sales of the venerable UltraTax software was one of the factors in organic revenue growth of 9 percent form Thomson Reuter’s Tax & Accounting Professionals business for the second quarter ended June 30. The company also cited the performance of audit products and unit’s Latin American Business as factor.
CCH Axcess Revs Overtaking Desktop in 2023
Revenue for CCH Axcess will pass the amount of revenue for desktop tax and accounting products next year. Wolters Kluwer this week did not disclose the among of revenue for the cloud product but noted the cloud platform’s double-digit organic growth for the first half ended June 30.
SmartVault Gets Form-fill, Quotes This Year
Form-fill and quoting technologies will be available for SmartVault during the fourth quarter, its parent, GetBusy, said this month. As it released results for the first half ended June 30, GetBusy said those features will be integrated with its Virtual Cabinet line later.
Liberty Parent Curtails Loan Biz
NextPoint Financial, which owns Liberty Tax Services, is ceasing to make loans through its LoanMe operations, which it acquired for about $120 million a year go. The company, which is based in Hurst, Texas, but trades on the Toronto stock exchange, said it has cut LoanMe’s workforce and will only continue to service outstanding loans.
SEC Censures CohnReznik for 2017 Audits
The Securities and Exchange Commission has censured accounting firm Cohn Renick and ordered it to pay a $1.9-million civil money penalty. The actions stem from what the SEC said were deficiencies in the firm’s quality controls that led to audit issues with two companies in 2017.
QB Online Prices Increase
Intuit has increased prices for its QuickBooks Online software. The steepest increase is coming with QB Advanced, a mid-market product, which raises 11.1 percent to a $200-monthly base from a $180-monthly base for existing customers who pay directly for their subscriptions.
Intuit Ends QB Desktop Discounts
Intuit has ended discounts for any QuickBooks desktop products and at the same time, pulled the products from retail outlets. All desktop products will be sold at full manufacturer’s suggested price, the company said recently.
Firms Win Solver Awards
Accounting firms performed well in the recent awards given by analytical software company Solver recently. Chief among them was RSM US, which has been named Top Cloud Volume Partner 2021.
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