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Xero N. American Subs Rise 19.9 Percent

Dollar sign Xero’s subscriptions in North America increased by 19.9 percent for the year ended March 31. The company this month also noted revenue on the continent rose 28 percent year-over-year, 31 percent in constant currency.

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Avantax Wealth Pros Drop 8.3 Percent

Arrow blue odwn The number of financial professionals employed in the Avantax wealth management arm of Blucora fell by 8.3. for the first quarter ended March 31, compared to the level a year earlier. Blucora CEO Chris Walters reported the decline in the company’s recent earnings webcast.

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WK Revs Rise 13 Percent

Arrow blue Revenue for Wolters Kluwer rose by 13 percent for the first quarter ended March 31, up 8 percent in constant currencies and organically, the company said this month. 

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Iris Buys Irish Payroll Service

dollars blue greenIris Software Group, which owns AccountantsWorld and other practice software packages, has acquired Paycheck Plus. Terms were not disclosed for the purchase of the company which handles payrolls for Ireland and the United Kingdom.

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ADP Raises Revenue Guidance 

Arrow forward hand Automatic Data Processing is raising its revenue estimates for the year ending April 30. The company increased its guidance for revenue for fiscal 2022 to 7 percent from the previously expected 6 percent.

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ADP Enhances Freelance Features

Bulletin boardAutomatic Data Processing has enhanced its WorkMarket freelance management system. The company said this month a new feature, Recruiting Campaigns 2.0, enables businesses to quickly onboard workers.

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Returns Catch Up Slightly for Tax Season

Tax prep glassesTax returns came into the Internal Revenue Service at a slightly improved pace for the season ended March 25. The total was down 4.3 percent for the season through March 24, 2021. That was slightly narrowed from the prior report in that total was off 5.1 percent year-over-year.

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Surgent Releases “Surgent Auditors”

Audit pointing Surgent has released its second game-based course “Surge Auditors” in its Surgent Interactive line. The latest offering follows the release of “Max the Tax” with the kick of the new product series last month.

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QB Business Network Rolling Out

 The QuickBooks Business Network is rolling out to accountants and their clients. The network, which enables QB Online customers to connect with the QB community, will be available to all accountants this summer.

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Botkeeper Updates System

 Bookkeeping software company, Botkeeper, has introduced the Botkeeper Operating System. The company this month said the product now “features a more efficient, streamlined and powerful user experience.”

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