News

A mobile product campaign that include some applications being introduced this year and numerous "proof of concept" versions of CCH's software offerings was outlined today at CCH's user conference by Kevin Robert, CEO of Wolters Kluwers Tax & Accounting. That includes proof-of-concept mobile versions of ProSystem fx  and an application for checking filing status of electronic returns that will be delivered in 2012.

Two preparers face a possible 80 years in prison each and maximum fines of $6.6 million after being convicted of conspiring to defraud the United States and aiding and assisting in the preparation of false tax returns. A jury in the U.S. District Court for the Middle District of Alabama convicted James E. Moss and Avada L. Jenkins for crimes related to preparation of returns at Flash Tax, a Montgomery, Ala.-based business owned by Moss.

Acquisitions boosted revenue for the Tax & Accounting business of Thomson Reuters as EBITDA grew by 24 percent and revenue by 20 percent for the third quarter ended September 30. The Tax & Accounting business posted its fifth consecutive quarter of double-digit EBITDA increases, according to information provided in this week's earnings webcast.

Clifton Gunderson and LarsonAllen has announced that they will merge effective January 2 and operate under the name CliftonLarsonAllen. The combination of two the top 20 CPA firms in the United States will place the combined entity in the top 10 with combined revenue of more than $550 million annually, more than 500 partners and more than 3,600 professionals. Clifton Gunderson CEO Kris McMasters will oversee CLA LLP, the public accounting practice, while LarsonAllen CEO Gordon Viere will manage the wealth advisory and outsourcing operations.