TaxAct, whose purchase by H&R Block was halted by the government, has a new prospective buyer. The bidder is InfoSpace, an online search company based in Bellevue, Wash., which has signed a definitive agreement to buy the tax preparation software company for $287.5 million in cash. Meanwhile, InfoSpace CEO William J. Ruckelshaus indicated interest in additional acquisitions in the space to consolidate the online tax market.

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It's not that nothing is going to happen in terms of trends in the tax and accounting market this year. It's that firms are still grappling with the hot trends of the last two years while trying to get the most out of the technology they have and refine their prices. And one of the main reasons for that is that the economy still leaves them cautious in their spending patterns. Read more...

Intuit and Intacct are doing a promotion that is aimed at growing QuickBooks users. The marketing piece is designed to push QuickBooks users who are outgrowing the Intuit product to look at Intacct's Best Practices Financial Management Kit. An Intuit spokesperson said the program is an experiment to determine the needs of such users. Read more...