
- Parent Category: ROOT
- Wednesday, 21 April 2010
- Published Date
- Written by The Progressive Accountant
With the decision by Wolters Kluwer Tax & Accounting to purchase tax compliance products from Ernst & Young Australia, it's clear that the battle between CCH and Thomson Reuters is starting to heat up in the international tax arena as both make moves in the corporate tax market.
The continuing boom in online tax preparation led Intuit to a 10-percent increase in sales of its consumer tax software, TurboTax, during the tax season. TurboTax continued to gain at the expense of tax store chains with H&R Block reporting its return total dropped by 4.9 percent. Meanwhile, quarterly results filed by Republic Bancorp showed a increase in net income from refund anticipation loans despite an 11 percent decrease in loan fees.