A Rocky Mount, N.C., tax return preparer has been sentenced to 50 months in prison. Adrienne Williams must also pay $4.8 million in restitution to the Internal Revenue Service.

Bruce Abrams, who worked at XCM Solutions for nearly eight years, has been hired by Anduin as sales VP.  Anduin, which announced its AI-based billing software for accounting firms in December, expects the product to be generally available on May 1.

Intuit says the late start to the tax season will cut from 23 percent to 25 percent of its revenue from the first quarter ended January 31. The company this week also adjusted its expected operating income to an operating loss.

Intuit can be expected to make up much of the revenue in the current quarter with the February 12 start to tax season. Last year's July 15 tax season deadline similarly moved a substantial amount of revenue from the April quarter to the July quarter.

The company expects revenue of $1.57 billion to $1.576 billion for the first quarter, down from the prior rang of $1,935 billion to $1.965 billion. Instead of operating income of $171 million to $191 million, Intuit now says it will reports an operating loss of $30 million to $25 million.

Earnings per share will drop significantly falling to six cents to seven cents per share, down from the previous expectation of 43 cents to 49 cent per share.