TaxWorks

Accounting Technology,  October, 2007  by Robert W. Scott

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The question on users' minds was probably less about what TaxWorks would do with its 2007 tax software than what the new owners would do with the company.Consumer tax prep giant H&R Block purchased the operations in February with the parent company of TaxWorks being renamed RedGear Technologies The result, says marketing vice president Kelly Peterson, has been the company's ability to do a lot of things it could not have afforded to do in past years. Block's principal involvement in the Kaysville, Utah-based software company has been to provide resources to pay for services and improvements."We never could have afforded to offer free e-filing this year, and we couldn't have offered reduced prices on bank products," she says. "We have been able to almost double our programming staff."

The Block deal was different than many acquisitions of tax software companies, Peterson ...