Tax & Accounting revenue for the year was up 2 percent in constant currencies and rose 4 percent organically.For the most recently ended year, Tax & Accounting income was $836 million, down from $843 million in 2019. Fourth-quarter revenue was $285 million, up 4 percent in constant currencies and 8 percent organically from $275 million a year ago.
CEO Steve Hasker said during this week’s earnings webcast, revenue was boosted as the company release of its UltraTax state software in December instead of January. Without the timing change, the rise in T&A revenue for the quarter would have been 5 percent.
Overlal, revenue was dented by the sale of the of the Aumentum government business in November 2019. Net earnings for 2020 were $1.12 billion, a decline of percent from 28.3 percent from $1.56 billion the prior year. Overall, revenue reached slightly less than $6 billion, an increase of 1 percent from $5.9 billion for 2019.