News (1878)
The Progressive Accountant is the leading online communit of public tax and accounting professionals focused on using technology to better manage and grow their practice.
Children categories
Intuit Ending QB Wholesale Discount
Intuit is ending the 50-percent wholesale discount receive on QuickBooks Online Essentials and Plus. The software company is also hiking prices, explaining that it has added significant features and also needs the price raises to provide more support.
QBO Adding Contractor Payments
A Contractor Payments feature is being made available for QuickBooks Online. This option enables customers to pay contractors with direct deposit.
Announcing the 2021 Top 100 VARS
Just what kind of year has it been for the mid-market reselling community?
It depends. For some, it was very tough, but for others, it was the best year in their history as demand for cloud products drove business. If you were in segments such as hospitality and restaurants, it was very hard, if you were in ecommerce, things have never been better. Overall, it was a year of great change with the accelerated shift to the cloud from on-premise applications and the forced move to remote work which is producnglasting changes.
So click the button below to find out who made Bob Scott’s Top 100 VARs for 2021 and many of their thoughts about the last year and the future
Xero Subscribers Rise 20 Percent
Cloud accounting software Xero reported subscriptions rose by 20 percent year-over-year for the year ended March 31. North American subscriptions rose by 18 percent with revenue on this continent up 2 percent—6 percent in constant currencies, the company reported this month.
WK Buys Vanguard Software
Wolters Kluwer Tax & Accounting is acquiring Vanguard Software for about $110 million in cash. Vanguard Predictive Planning applications uses artificial intelligence in a variety of areas of supply chain management.
Divvy Buy Puts Bill.com in New Market
Bill.com will enter the spend management market with the $2.5 billion purchase of Divvy. The payments software company said this week it has agreed to the deal as it announced results for the third quarter ended March 31.
CCH Tagetik, TeamMate Growth Strong
Wolters Kluwer this week said its CCH Tagetik and TeamMate experienced double-digit growth in the first quarter ended March 31. In its trading update this week, the company also said, “In Professional Tax & Accounting, organic growth was muted” because of the delayed start to the tax season.
Thomson Tax/Accting: Good Quarter
Thomson Reuters Tax & Accounting Professional segment reporting a 17-percent increase in EBIDTA for the first quarter ended March 31 on a 3-percent increase in revenue. That growth was despite the extension of the tax deadline to May 15, which will shift revenue to the second quarter.
Shareholders Reject Blucora Insurgents
Blucora shareholders rejected four dissident board of director candidates from investor Ancora Holdings this week. The company, which owns Avantax Wealth Management and TaxAct, said its 10 current member were re-elected by a wide margin although final vote totals were not immediately available.
PEO Rev Drop Hurts Paychex 3Q
An 8-percent drop in revenue from its professional services organization revenues contributed a a 1-percent decline in revenue for Paychex for the third quarter ended February 28. Meanwhile, payroll services revenue was virtually unchanged.
Most Read
-
-
Jan 23 2024
-
Written by Bob Scott
Intuit used deceptive advertising in calling some of its TurboTax…
-
-
-
Nov 10 2023
-
Written by Bob Scott
Revenue for Thomson Reuters Tax & Accounting Professionals increased by…
-
-
-
Jan 23 2024
-
Written by Bob Scott
The Internal Revenue Service is redesigning the roughly 170 million…
-
-
-
Feb 05 2024
-
Written by Bob Scott
Patriot Software is expanding affiliate marketing with a launch of…
-