Accounting Today - September 27 2010

Thomson Reuters acquires TaxSimple

the product line up and running.
It will be business as usual for Tax-
Simple customers.”
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
programmers.”
“We will keep our name and our
identity,” Vora continued. “What
we are going to have are more
resources to expand TaxSimple’s
capabilities.” AT

Thomson Reuters has acquired TaxSimple, one of the last independent software companies in the tax software market.

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

RedGear
partners with
Cyma on tax
prep, acctg.

KAYSVILLE, UTAH

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.