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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.

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QB Payments App Arrives

Intuit has debuted QuickBooks Money, a payments and banking application for small businesses.

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Avantax to Be Acquired

Avantax, which reaches the financial planning market through advisors, is being acquired by Cetera Financial Group. The all cash-deal, valued at about $1.2 billion, marks the end of the final piece of Blucora, which had sought to bring together tax software and financial planning.

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Intuit Assist for QB Testing

A generative AI-powered financial assistant, Intuit Assist for QuickBooks users, is in beta testing. The software company said this week Assist will be “rolling out more broadly later this year”.

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Xerocon Back in U.S. in 2024

 Xerocon, Xero’s software conference, will return to the United States next year. The event will be held August 14 to 15 next year in Nashville, Tenn.

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Firms Make Inner Circle

 Five accounting firms, including two members of the Big 4, were named to the Microsoft Inner Circle for 2023. The firms selected by the software company are said to represent top 1 percent of its channel worldwide.

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Bill Moves Passes $1 Billion Revenue

 It was a big year for payments software company Bill which passed the $1 billion revenue mark and also reported its first non-GAAP income for the year ended June 30.

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QB Desktop Payroll Prices Rising

Prices for users of QuickBooks Payroll will increase on October 1. The changes, announced this month by Intuit, go along with similar increases for prices to QuickBooks Desktop as the company pushes its online versions.

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AICPA, NASBA Try to Cut Education Costs

 A program being piloted by the American Institute of CPAs and National Association of State Boards of Accountancy aims to cut the cost of CPA hopefuls completing their 150-hour education equirement.

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SurePrep a Driver at Thomson Tax, Acc’ting

 SurePrep and Confirmation drove growth in transactions revenue for Thomson Reuter Tax & Accounting for the second quarter ended June 30. The company cited its Latin America business a contributor to recurring revenue growth.

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WK Tax, Acc’tng Revs Up 8 Percent

Revenue for Wolters Kluwer Tax & Accounting rose 8 percent for the half ended June 30. The company noted that cloud growth for the segment rose by double digits.

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