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Although RSM McGladrey reported a 4-percent drop in revenue for the third quarter ended January 31, the firm's purchase of Caturano last year boosted tax services revenue by 5.4 percent. Meanwhile, cost-cutting helped McGladrey post an operating profit of $8.59 million, a rebound from a loss of $11.2 million in last year's corresponding period.

Intuit is testing QuickBooks Online in the United Kingdom and is looking for a way to get into the retail market there as part of its plan to grow its largely American business in other countries. Those were some of the remarks made by Matt Rhodes, Intuit's director of investor relations at a UBS Technology Conference in London this week.

Nancy McKinstry, chief executive of Wolters Kluwer, received a 13-percent increase in compensation in 2010, as the parent of CCH detailed executive compensation in its annual report for the year just ended. McKinstry's pay totaled about $3.84 million. The reported pay does not include stock compensation as do American pay totals for executives of public companies.

Thomson Reuters has launched OneSource WorkFlow Manager 5.0, which the company calls a core component of its global tax workstation designed for multinational companies. The company says the latest version provides users with greater customization, visibility and control.