Thomson Reuters’ Tax & Accounting business continued to perform well in the year ended December 31 as the overall company returned to growth. Tax & Accounting outpaced the rest of the company with revenue was up seven percent for the year, as the Workflow & Service Solution Segment, which includes the tax software business showed double-digit growth. Business Compliance & Knowledge Solutions was held down by a decline in print, although the Checkpoint research platform had a 9 percent increase in revenue. Read more...

What kind of results are software vendors getting on the number of returns filed so far this tax season? Right now the answer is mixed with CCH reporting an uptick and the number of returns filed and TaxWorks and Drake Software showing returns lagging behind expectations. It's not clear what the reasons are with the possibility the limited available of refund loans is having some impact on the lower end of the market with the extender provisions, including the fact the Internal Revenue Service won't start accepting returns with Schedule A attached until next week.