Document Management Expands Its ReachNot too long ago, there were not only separate applications for electronic tax filing, there were separate companies selling those products. A little further back, tax preparers had to pay separately for laser printing functionality for their tax software. So how much sense does it make to have separate applications with document management, workflow and client Internet portals when the use of documents is common to all the products? Running a Firm | Bob Scott | Wednesday, 10 March 2010 |
Review: Tools to Build Your Web Site As an owner of a small accounting practice, I am constantly looking for new clients. One area of focus that seems to have a lot of growth potential is the new entrepreneurs. The new entrepreneurs are people who have either been laid off from large corporations or who are looking for second or third careers or young adults entering the... Reviews | Julie Lepper, EA | Tuesday, 9 March 2010 |
Financial Apps on your Mobile Phones Smartphones have already grown beyond any reasonable expectation of slow and steady wins the race. These handheld computers are delivering everything from entertainment videos to games to email to news to personal and business oriented applications. These applications give users support for doing all kinds of business operations and personal activities. Smartphones are not just about making the call, playing... Tech Tips | Richard Oppenheim CPA | Tuesday, 23 February 2010 |
Accountants Invited to Major Sage Conference IRVINE, Calif. - Sage North America has added a learning track at its Insights reseller conference that is designed for CPAs, accountants and bookkeepers. It is the first time such a track has been offered at the annual event, which is scheduled for May 17 through 20 at the Colorado Convention Center in Denver. News | The Progressive Accountant | Wednesday, 10 March 2010 |
M&P Gets More RSM Profits and More Expense McGladrey & Pullen will pick up two more percentage points in the profits of RSM McGladrey, but it also agreed to start paying for more of the expenses as a result of the new operating agreement between the two firms. The results were spelled out this week by C.E. Andrews, president of RSM McGladrey, during the third quarter Webcast of the unit's parent H&R Block, who said most of the terms go into effect on May 1. News | Bob Scott | Tuesday, 9 March 2010 |
Socius Buys the Dynamics Biz of CBiz InterDyn Socius, a Microsoft and Sage reseller based in Ohio, has acquired the Dynamics practice of CBiz Technologies, extending Socius' operations to Tennessee, Kansas and northern California. The purchase follows CBiz recent disclosure it was selling three companies as it exited the technology business News | The Progressive Accountant | Tuesday, 9 March 2010 |
Block Revs Drop as Number of Tax Returns Fall H&R Block got through the first weeks of tax season with a drop in business as it reported a 6.2 percent decline in revenue, but a 5 percent rise in net income for the third quarter ended January 31. The company said the revenue drop reflected a 7.1 percent decline in retail tax returns prepared and it had lost two percentage points in market share in selling digital products. Its business operations sector, RSM McGladrey, fared better with a 3.6 percent drop in revenue for the same quarter. News | The Progressive Accountant | Monday, 8 March 2010 |
Thomson CS Suite SaaS Pricing Marks Radical Change Thomson Reuters has spelled out the pricing for its SaaS for the CS Professional Suite this past week at a strategic update at the Dexter, Mich., headquarters of the unit that markets products such as UltraTax and WriteUp CS. And the pricing, which hadn't been previously published, shows just how the concept of what software is and how it will be sold is changing as applications go to the Internet. News | Bob Scott | Friday, 5 March 2010 |
Mobile Version of ADP Run Due in Q3 Payroll processing giant ADP is readying the lauch of moble payroll applictions for its Run payroll system in the September quarter with the intention of supporting all mobile devices including the iPhone, Blackberry, Windows Mobile and Android. The company is already in putting together pilot projects for small and mid-market customers. News | Bob Scott | Thursday, 4 March 2010 |
IRS Bars Attorney Who Blamed Late Filing on Sick Mother WASHINGTON - Kevin Kilduff, a Massachusetts tax attorney, has been barred from practicing before the Internal Revenue Service for a minimum of 48 months for failing to file one federal tax return and for filing another five returns late. Kilduff, who once worked for the IRS Office of Chief Counsel, had blamed his late filings on his need to take care of his sick mother. News | The Progressive Accountant | Thursday, 4 March 2010 |
CCH Customer Tax Spending Nearly Doubles CCH has been able to get its tax and accounting customers to nearly double their spending on the company's predicts over the last three years. That figure emerged in a question-and-answer session that followed the report of 2009 financial results by the company's parent Wolters Kluwer last month. News | Bob Scott | Thursday, 4 March 2010 |
CCH Integrates Tax News/Corporate Tax RIVERWOODS, Ill. - CCH has integrated its Global Daily Tax News, which provides information on developments, with its Worldwide Tax Rates and Answers. The integration has been accomplished through the available of a heading "Global Daily Tax News" that appears on Smart Charts, which display the results of corporate tax research. News | The Progressive Accountant | Wednesday, 3 March 2010 |
Thomson Reorg Signals Expansion in the Americas Thomson Reuters has reorganized its software operations for the tax and accounting business in a move that also paves the way for the company to move products from this arena into Latin America. The move put elevated Jon Baron to the position of president of the Americas, workflow and service solutions, which supplants the previous Professional & Software Services of which Baron was president. News | The Progressive Accountant | Wednesday, 3 March 2010 |
Thomson Says Checkpoint Revenues Boom In a year in which its chief competitor, CCH, launched a new research platform, Thomson Reuters said its own Checkpoint system had its best month of sales in the product's history. That came as Thomson Reuters reported revenue for its tax and accounting business rose by 9 percent while the unit's operating profit dropped by one percent for the year ended Dec. 31, 2009. News | The Progressive Accountant | Friday, 26 February 2010 |
Liberty Tax Sees Rise in Returns VIRGINIA BEACH, Va. - While its major competitor, H&R Block, was reporting a drop in the number of tax returns filed, Liberty Tax Service said it had a 10.2 percent increase in the number of tax returns filed as of February 15 and a 28.1 percent increase in revenue. That was accompanied by a 3 percent increase in returns for same store sales and a 21.2 percent increase in revenue. That came after Block reported a 6.5 percent decrease in returns the same day. News | The Progressive Accountant | Thursday, 25 February 2010 |
CCH Small Firm Services Consolidates Operations CCH Small Firm Services, whose locations incorporate the facilities of the ATX and TaxWise lines before their purchase by CCH, has decided to consolidate operations in a new headquarters in Kennesaw, Ga. More than 600 employees working in four sites in three states are being offered the chance to work at the new location, which is scheduled to open in the September quarter. News | The Progressive Accountant | Wednesday, 24 February 2010 |
Block Prepared Tax Returns DropKANSAS CITY, Mo. – H&R Block saw a 6.3 percent drop in the number of tax returns prepared through February as total returns prepared year-to-date fell 8.2 percent and average retail fee per tax return prepared increased by 1.8 percent. Meanwhile, returns prepared online or via Block's desktop software dropped by 1.8 percent from the prior year. News | The Progressive Accountant | Wednesday, 24 February 2010 |
Intuit's Sees Drop in Sale of Pro Tax Packages The number of professional tax units sold by Intuit, which markets the Lacerte and ProSeries software packages, dropped for the second straight year, falling to 95,000 for the second quarter ended January 31, down from 97,000 a year earlier and 98,000 for the same quarter in 2007. Meanwhile revenue for those product lines dropped to $124 million for the most recently ended quarter, down $133 million a year earlier. News | The Progressive Accountant | Tuesday, 23 February 2010 |
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About the Author:
Tom C. Davis, CPA, CITP is a partner at Bowen, Phillips, Carmichael, Davis & Sims and President of Knowledge Concepts, Inc., the developers of FirmWorks. |
