The Progressive Accountant

TurboTax eFiled Returns Down 10 Percent

Brad Smith, IntuitIntuit this week said the number of efiled TurboTax units for the tax season through February 20 was down by 10 percent. But that was still better than the market has shown for both self-prepared efiles and total efiles.

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Abacus Enters CPA Market

Abacus Next, which provides software for legal professionals, has entered the CPA market with the purchase of Cloudnine Realtime and Results Software. Cloudnine hosts applications such as those from Intuit, Sage and Microsoft while Results produces CRM packages for QuickBooks users.

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WK Tax & Accounting Revs Up 4 Percent

Nancy McKinstry, Wolters Kluwers Revenue for Wolters Kluwer Tax & Accounting rose 4 percent for the year ended December 31. Operating profits for the unit increased by 1 percent as the company this week reported solid contributions from on-premise and cloud-based software, but a decline in research and learning income.

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