News

Intuit registered strong revenue growth for the second quarter ended January 31. The company lost $20 million for the most recently ended period, compared to net income of $13 million a year earlier. But since the second quarter does not reflect much of tax season, it is typically not one of the strongest periods for the year.

The cloud-based CCH Axcess software line is growing organically at double digits, according to Wolters Kluwer's executives. The statement was made recently by CEO Nancy McKinstry in the company’s webcast for earnings for the year ended December 31.

Three Israel residents, a Washington, D.C.-based attorney and an Israeli auditor and his Maryland accounting firm have been accused of fraud in creating numerous shall companies. About $2.1 million disgorgement and pre-judgment interest was assessed against the parties.

Intuit next month will introduce a New QuickBooks Online Certification and Training Program. It will be introduced later in Australia, Canada and the United Kingdom and introduces a July 31 completion date for all ProAdvisors.