Tax Tools

Tax business owners, as well as small businesses in general, are focusing more on such Internet marketing techniques as e-commerce and social media even while relying on such traditional methods as networking and targeted advertising to attract new clients, according to Chuck McCabe, CEO of The Income Tax School Inc.

Cloud-based workflow management software provider XCM Solutions plans to introduce a new scheduling module that will incorporate an automated, real-time resource allocation component as well as calendar-based scheduling.

Tax technologies concern New River Innovation has released Beyond415 TeamWork, a new product designed to allow large firms to manage post-filing work more efficiently.

Wolters Kluwer Tax & Accounting has acquired the assets of BSI, a provider of international tax, legal, business and investment information.

CCH Small Firm Services released ATX 2012, the latest version of the company’s tax software, designed to offer improved efficiency, expanded client customization options and a new user interface.

Thomson Reuters has posted a new series of blog articles for users of its UltraTax CS software with advice on how they can take advantage of the software’s data mining features to help their clients navigate the possible tax law changes coming next year.

CCH has released a special tax briefing providing guidance and analysis of the Internal Revenue Service’s temporary regulations for repairs of tangible property and how they may require companies to change their accounting methods.

Intuit Inc. posted fourth quarter revenue of $651 million, up 14 percent from a year ago, with 64 percent of its overall revenue coming from connected services, compared to 50 percent during the year-ago period in 2011.

Tax and accounting solutions provider CCH Small Firm Services has launched a new resource center to help tax and accounting professionals improve their marketing and increase their knowledge of the field.

The tax preparation software industry experienced minimal overall growth over the past five years, averaging only 0.1 percent annually to reach an estimated $2.4 billion in 2012, according to new research.