News (1879)
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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.
Thomson Tax/Acc’ting Revs Rise 7%
Revenue for Thomson Reuters Tax & Accounting Professionals increased by 7 percent for the third quarter ended September 30. The total was up 8 percent in constant currency and 12 percent organically, driven by Latin American sales, the company said this month
Bill Sees Economic Tightening
Bill reported strong revenue growth for its first quarter ended September 30. However, the payments software company sees growing economic pressure as slowing growth over fiscal 2024.
Read more...CPA Fraud Paid for Exotic Dancers
An 81-year-old Florida CPA has been sentenced to 10 years for prison after pleading guilty to embezzling millions. Richard Aboud used some of the millions looted from a trust to pay thousands to two exotic dancers.
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Jan 23 2024
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Written by Bob Scott
Intuit used deceptive advertising in calling some of its TurboTax…
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Nov 10 2023
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Written by Bob Scott
Revenue for Thomson Reuters Tax & Accounting Professionals increased by…
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Jan 23 2024
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Written by Bob Scott
The Internal Revenue Service is redesigning the roughly 170 million…
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Feb 05 2024
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Written by Bob Scott
Patriot Software is expanding affiliate marketing with a launch of…
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