the product line up and running.
It will be business as usual for Tax-
TaxSimple owner and co-found-
er John Vora confirmed that he will
remain with the Randolph, N.J.-
based firm, which was founded in
1983, and whose users are mostly
small and midsized tax preparers.
“Although we have been acquired
by Thomson Reuters, it is going to
be business as usual,” he said. “We
will have the same management,
same support personnel and same
“We will keep our name and our
identity,” Vora continued. “What
we are going to have are more
resources to expand TaxSimple’s
Thomson Reuters has acquired
TaxSimple, one of the last independent software companies in the tax
The deal, the terms of which were
not disclosed, will allow the Tax &
Accounting business of Thomson
Reuters to service a different segment of the tax preparer arena,
according to Teresa Mackintosh,
senior vice president and general
manager of the company’s professional market.
“The acquisition of TaxSimple
allows us to meet the needs of a
different set of customers than
our traditional products,” she said.
“Historically, we would fold in an
acquisition where we would transition a customer base to Ultra Tax CS,
but with TaxSimple we’re keeping
Cyma on tax
RedGear Technologies, devel-
oper of Tax Works professional tax
software, has partnered with Cyma
Accounting Software to create a
software package that will prepare
complex tax returns as well as provide solutions for a broad spectrum
of accounting needs.
The accounting and tax filing
software includes general ledger,
cash disbursements, cash receipts,
after-the-fact payroll, accounts receivable, accounts payable, bank
reconciliation, purchase orders
and more. Additional modules, or
upgrades such as live payroll, are
available for purchase.
“[RedGear’s] vision of delivering
trusted, reliable and easy-to-use
software at a great value fits perfectly with our core mission,” said
Steve Brueckner, director of business development for Cyma.
For more information, visit www.