News

Rivals Thomson Reuters and Wolters Kluwer, parent to CCH, are continuing to snap up international companies that market online tax and accounting products. In its latest foray, Thomson this week acquired a web-based corporate tax product for the South African market from accounting firm Deloitte. Terms were not disclosed. It was the company's third purchase of an tax and accounting vendor with international operations since May 1.

Republic Bancorp, embroiled in a fight with regulators over refund loans, plans to stay in the tax business no matter the outcome, according to CEO Steve Trager. Trager made the comments at a presentation at InvestKY, an equity investment conference held earlier this month.

GilmanCioccia, which offers financial planning and tax services, plans a $900,000 debt offering. The information was contained in a filing with the SEC that was made earlier this month. As is typical of such filings, little additional information was given, except for the fact the money being raised is not intended for merger and acquisition activity.

The Securities and Exchange Commission has barred Edwin "Ted" Reese Davis Jr.,  who continued to audit public companies despite the fact that his license had expired nearly three years ago in Utah. Davis has also not paid fees since that time.