The board of directors of Liberty Tax continues to churn following the board's September 5 firing of CEO and founder John Hewitt. On December 15, Steven Ibbotson, chair of the compensation committee submitted his resignation.

Liberty Tax, troubled by the firing of its CEO and resulting turmoil, has promoted 37-year-old Nicholas Bates to the position of CFO. He replaces Kathleen Donovan, who resigned in November despite being given a retention bonus after the company terminated CEO and founder John Hewitt in September.

Community Brands, which has expanded in the nonprofit market by acquisition, has secured three more target companies. The St. Petersburg, Fla.-based software vendor had purchased 501 Auctions and Gesture and has an agreement to acquire GiveSmart.