News (1882)
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QBO Advanced Training Started
Intuit has introduced a specialty training course for QuickBooks Online Advanced. The course is within ProAdvisor Training in QuickBooks Online Accountant.
Xero North American Subs up 17 Percent
Xero had 251,000 subscribers in North America when the first half ended on June 30, the cloud software company said this month. That was an increase of 17 percent over a year earlier and compared to a 15.8-percent increase in subscriptions worldwide.
WK Adds AutoCheck to Axcess Line
Wolters Kluwer Tax & Accounting has added CCH Axcess AutoCheck to its online tax and accounting software platform. The new module is designed for preparers of financial statements.
Fleszar Named SafeSend’s CEO
Scott Fleszar, a long-time Thomson Reuters executive, has been named CEO of SafeSend. Fleszar has been chief operating and strategy officer since November 2019. Fleszar’s appointment was effective immediately.
Deadline Shifts Thomson Tax and Accounting Revs
The postponement of the income tax filing deadline helped the top line for Thomson Reuters Tax & Accounting for the third quarter ended September 30. However, currency changes meant the $165 million for the most recently ended period showed no growtheyear over year.
CPA Accused of Stealing from Elderly
A Brick Township, N.J.-based CPA and two others have been accused of stealing more than $1.5 million from two elderly siblings. Jeffrey Dampf, age 69, was unsuccessful in allegedly attempting to transfer another $500,000 from the clients’ accounts to his own.
ADP Sees Improved Outlook
Automatic Data Processing reported a 1-percent decline in revenue for the first quarter ended September 30. But that was better than expected and the payroll services company projected an improved outlook for the year ending June 30.
WK Tax/Accounting Revs Up 4 percent
Revenue or Wolters Kluwer Tax and Accounting rose 4 percent year-over-year for the nine months ended September 30, the company said in its recent trading update. North American revenue, which comprises 62 percent of the quarter, increased by 4 percent.
AICPA Awards COVID Hardship Grants
The American Institute of CPAs has awarded $50,000 in educational grants to undergraduate and graduate accounting students who have suffered financially because of the pandemic. Twenty-five AICPA Student Affiliate members have received $2,000 each.
KPMG: Pharma/Biotech Investment Booming
Venture capital investments in the economy’s pharma and biotech sector is booming, according to Venture Pulse, a quarterly report published by KPMG Private Enterprise. Globally, VC investment has risen for the second straight quarter, although more money went into far fewer deals.
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