Two accounting firms with presences in Long Island and New York -- Nussbaum, Yates & Wolpow PC and Berg Klein Salomon LLP -- announced that they will merge.

NET@WORK BUYS CONNECTICUT VARNEW YORK - Net@Work, a regional New York Accpac and MAS 90/200 and 500 reseller, has acquired Apptech Inc., a Cheshire, Conn.-based consulting firm specializing in Sage Pro ERP (formerly SBT/Accpac Pro Series) sales and support. Terms were not disclosed.

SMART Business Advisory and Consulting LLC announced that a Boston-based private equity firm has invested $60 million into its business.

Not even a month after talks were announced, two of Canada’s largest accounting firms have called off their merger talks.

The trustees of London-based Reuters Group have given their consent to a $17.2 billion combination offer from electronic publisher Thomson Corp, based in Toronto.

Wiss & Co. has merged with Behan, Ling and Ruta CPAs PC, a New York-based wealth management firm.Financial terms of the deal, which became effective April 1, were not disclosed.

Amper, Politziner & Mattia CPAs and Consultants, announced that Martin I. Blaustein and the staff of White Plains, N.Y.-based Blaustein & Co. LLP have joined the firm.

On the heels of announcing its bid to combine with Reuters Group, Thomson Corp. said that its education unit’s assets will sell for $7.75 billion in cash.

Crowe Chizek and Co. LLC announced that it intends to combine practices with New Jersey-based Enterprise Financial Consulting Group LLC.

J.H. Cohn LLP has acquired the practice of Berenson LLP, a New York accounting firm specializing in solid apparel and import specialization practices.

On the heels of News Corp.’s bid for The Wall Street Journal, electronic publisher Thomson Corp. confirmed that it will offer $17.5 billion for the Reuters Group news service.

The partners of Grant Thornton U.K. LLP and RSM Robson Rhodes LLP announced an agreement last week to merge the two firms.Financial terms of the deal, expected to be completed on July 1, were not disclosed. The combined firm will operate under the Grant Thornton name.

Braver PC announced that it will expand into the Providence, R.I., area thanks to a merger with Prescott Chatellier Fontaine & Wilkinson LLP.

Citing a material breach, financial staffing and marketing services concern AccountAbilities has terminated its planned asset purchase and reorganization pact with automotive franchiser Tilden Associates Inc. and TFP Associates, a spinoff company controlled by Tilden chairman Robert Baskind. AccountAbilities said that, among other things, Tilden did not file its annual report on time, which subsequently resulted in Tilden's stock being delisted from the OTC exchange. Under the terms of the pact, Tilden would have acquired the assets of AccountAbilities for 12.5 million shares of its stock -- valued roughly at $18.7 million. Following the close of the deal, there was to be a 1-for-25 reverse stock split, representing about 96 percent of Tilden's shares. Allan Hartley, president of Accountabilities, said that his company would shop around for similar agreements such as the one with Tilden.

Global business intelligence software provider Business Objects S.A., provider of the Crystal Reports series, has agreed to acquire enterprise software publisher Cartesis for about $300 million in cash.

AccountAbilities Inc., a provider of financial personnel staffing services, marketing services and management consulting services, announced that one of its partner firms has acquired a smaller staffing and consulting firm.

Eide Bailly LLP, North Dakota’s largest accounting firm, announced that it will merge with Sioux Falls, S.D.-based Henry Scholten & Co. LLP.

As expected, H&R Block Inc. announced that it has signed an agreement to sell its struggling Option One Mortgage Corp. lending arm, though unit subsidiary H&R Block Mortgage Corp. is not part of the deal.

Garden City, N.Y.-based Israeloff, Trattner & Co. CPAs PC has merged with its Long Island neighbor, Hempstead, N.Y.-based accounting and tax firm Bloom & Co. LLP.

Intuit Inc. and Electronic Clearing House Inc. have agreed to scrap a deal that would have seen Intuit pay $142 million for the debit and credit card processor’s business.