eFileCabinet, which makes online and on-premise document management applications, has received $14 million in venture capital funding. The Lehi, Utah-based company secured the funds from Palo Alto, Calif.-based Allegis Capital and Salt Lake City, Utah-base-Signal Peak Ventures.

Jim Bourke, partner, WithumSmith & Brown speaks with Bob Scott, The Progressive Accountant about the evolving strategies today’s accounting firms are implementing to accelerate the career paths of millennial employees. In addition to embracing social media and other virtual space communications, Bourke emphasized the need for firms to establish structured mentoring programs to meet the millennial employee's demand for guidance and professional direction.

https://www.youtube.com/watch?v=Sbiz9E7zMs0

A former Waseca, Minn.-based CPA has been ordered to pay clients $1.6 million that he stole from them while preparing their taxes and handling investments. Roger Goetz, Jr., received a four-and-a-half year prison sentence after pleading guilty to two counts of wire fraud. He was also ordered to undergo three years of supervised release.