The Internal Revenue Service has appointed 12 new members to the Internal Revenue Service Advisory Council. The IRS this month appointed the 12 individuals to three-year terms on the committee, an organized public forum for IRS officials and representatives of the public to discuss various issues in tax administration.

Bill.com went public this week selling more 1 million more shares than originally anticipated at a per-share price above raised estimates. The offering price was $22 per share, up from an original estimate of $16 to $18 per share last week and a raised estimate of $19 to $21 per share the day before the IPO.

A new CPA licensure model has been proposed by the National Association of State Boards of Accountancy and the American Institute of CPAs. The organizations plan to finalize an approach to the new model by next summer with a multi-year implementation to follow.