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CCH BUYS INTELLITAX

CCH Small Firm Services has acquired IntelliTax, the Bellevue, Wash,-based tax software company formerly known as Orrtax. Terms were not disclosed.

CCH will discontinue the IntelliTax line and is offering its users its TaxWise line at no additional cost. Both IntelliTax and TaxWise have an important part of their businesses in the RAL market. Orrtax, acquired by TRE Financial Services in 2002, adopted its product line name, IntelliTax, as the corporate name last year.

Partner Insights

THOMSON FIELDS PAYROLL PROCESSING

Thomson Reuters has launched a payroll service bureau, designed for firms that handle at least 100 payrolls.

"About 5 percent of our customer base is at that level," noted Jon Baron, president of professional software and services, of Thomson's tax and accounting business. Baron also said that a client self-service human resource product will be available next year.

BNA LAUNCHES NEW PLATFORM

BNA has released a new Web platform for its news and analysis services that makes articles accessible via BNA's indexes and offers an improved search engine.

Users can personalize home pages, perform fielded searches and batch print as well as access content in more direct ways. New features include "My Picks," which enable subscribers to track topics that interest them most while "Editors' Picks" points them toward developments on hot topics.

SPEEDTAX INKS TAXCONNEX

SpeedTax, which makes Web-based sales and use tax applications, has reached an agreement under which consulting firm TaxConnex will provide services to SpeedTax clients.

SpeedTax said the deal will give customers access to consulting service on subjects such as audit defense, nexus, taxability, returns and filing, and extensions.

CCH PICKS VPS

CCH has named Samuel High as vice president of specialty market product development and Scott Gruchot as VP of Advance Technology.

High will work to develop and integrate accounting and specialty markets. His past companies including Fiserve, where he was VP of product development and technology. Gruchot will be involved in technology development and also in business improvement processes.

SMITH'S PAY TOPS $4 MILLION

Compensation for Brad Smith, who became Intuit's CEO and president in January, totaled $4.65 million for the year ended July 31, according to SEC documents.

Smith's compensation included a salary of $761,539, a stock award of $1.15 million, an option award of $954,987 and a bonus of $1.7 million. Meanwhile Kiran Patel, SVP and GM of the consumer tax group, received $4.1 million. Patel drew a salary of $700,000, a stock award of $383,985, option awards of $1.57 million, a bonus of $800,000 and $686,835 in Intuit's contribution to a deferred compensation plan.

PAYCHEX SIGNS EXPENSEWIRE

Paychex has signed an agreement by which ExpenseWire has provided the technology used for Paychex Expense Manager.

Paychex said the Expense Manager utilizes Expense Wire's rules engine, which warns approves if an expense is outside of company limits. The system also offers credit card integration and transaction history be automatically loaded for corporate and personal credit cards.

DOES YOUR FIRM PROVIDE FINANCIAL PLANNING SERVICES?

No (45.5%)

May add (7.6%)

Plan to offer (11%)

Yes (35.9%)

A majority of those responding to "The Pulse" survey on the home page for Thomson's CS Professional Suite have no plans to add financial planning services. Only 11 percent said they will add financial planning.

Source: Thomson Reuters

 

 

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