Canopy is pitching its software eco-system as providing an advantage in using its newly introduced tax preparation software. Known for its tax resolution software, Canopy introduced the preparation software during the past tax season.

KPMG has been hit with a $50-million civil money penalty by the SEC. The levy stems from issues that go beyond well-publicized leaking of confidential information from the Public Company Accounting Oversight Board to former KPMG auditors to cheating on training exams and deleting documents.

H&R Block will acquire Wave Financial for $405 million in cash, the tax services tcompany said this week.  Wave, based in Toronto, Ont., markets cloud-based small business software and has targeted the growing market of free-lance employees.