Tax & Financial Planning News

Accounting Technology,  September, 2005  

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TAXWISE TO MARKET BASIC ACCOUNTING

TaxWise, a Rome, Ga.-based company that has historically been known for its tax preparation software, has launched a product called Basic Accounting, designed for non-CPAs who have primarily been preparing taxes.

"It gives someone a chance to start," says Gene Goldenberg, vice president of marketing for TaxWise. The package does not have a conversion module or a flexible report writer. It prepares balance sheets, income statements, and after-the-fact payroll. Basic Accounting is priced at $795 for a single user and $895 for five seats.

WK PROFITS DROP

While Wolters Kluwer says its cost-savings plan is working, the company saw net in-come drop to about $194.8 million for the first half ended June 30, down from $185 million a year earlier.

Revenue was also off, falling to $1.94 billion, down 1.4 percent from $1.98 billion for last year's corresponding ...