The Progressive Accountant

WK Tax & Accounting Revs Up 3 Percent

Nancy McKinstry, Wolters KluwerWolters Kluwer Tax & Accounting has reported organic revenue growth 3 percent for the nine months end September 30. The company attributed the improvement to the continuing shift towards the use of software. Overall, Wolters Kluwer said revenue was up 2 percent before currency and also up 2 percent after the impact of currency exchange.

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N.Y. Attorney Guilty in Tax Prep Fraud

An attorney who operated a tax preparation business in the Bronx, N.Y., has pleaded guilty to charges he prepared returns that claimed more than $6 million in bogus deductions. William Doonan, 69, pleaded guilty to one count of aiding and assisting in the preparation of a false tax return.

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Thomson Tax & Accounting Rebounds

James Smith, Thomson ReutersThe Tax & Accounting Business of Thomson Reuters resumed its growth path in the third quarter ended September 30. In the second quarter, the unit saw a 13-percent drop in operating profit on a 1-percent increase in revenue. But with the third quarter, operating profit was up 15 percent, 10 percent before currency, with revenue rising 5 percent, 6 percent before currency.

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