News

Compensation for Nancy McKinstry, CEO of Wolters Kluwer, was 7.5-percent higher for the year ended December 31 than in 2014. The pay figures are part of the remuneration report that is included in the publishing company's annual report, which was released last week.

Bond Street, which offers small business term loans, is giving members of ICB USA the ability to participate in the Bond Street Accounting Professional Partner Program. Under the program, bookkeepers who are members of the association can receive discounts or take referral fees for referring customers to Bond Street.

Sales of TurboTax Online and QuickBooks Online gave Intuit strong financial results for the second quarter ended January 31. The company says its consumer tax products gained market share, probably at the expense of tax stores, while more than 100,000 QBO subscribers were added during the three-month period.

The CCH Axcess online suite is doing well among large accounting firms, Nancy McKinstry, CEO of Wolters Kluwer, said in a recent earnings webcast. McKinstry made her comments as the company reported results for the year ended December 31. Wolters Kluwer reported an 11-percent drop in net profit, but a 17-percent rise in operating profit and a 15-percent increase in revenue for the most recently completed year.