News (1814)
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S.C. Comptroller Fried by $3.5B Error
South Carolina’s elected comptroller general, Richard Eckstrom, is resigning after the heat grew intense because of $3.5-billion error in state financial reporting. A CPA, Eckstrom, had held the job for 20 years.
Rippling Raises $500 Million
Rippling stumbled into a $500-million financing round this month. The company had originally sought the capital because $545 million of customers’ money was frozen by the collapse of Silicon Valley Bank.
SEC Whacks Blackbaud for $3 Million
The SEC’s finding Blackbaud made misleading statements about a 2020 ransomware attack has led to the company agreeing to a $3-million civil penalty. The company also agreed to cease and desist from violations of the Securities Act of 1933, the agency said this week.'s
CCH Axcess: Double-Digit Growth
Organic revenue for the CCH Axcess grew by double-digits for the year ended December 31, Wolters Kluwer has reported. That was part of the performance noted in the company’s tax and accounting business for 2022.
Returns Rise 1.3 Percent
Income tax returns received by the Internal Revenue Service for the season February 24 were 1.3 percent more than the total through Feb. 23, 2023. Meanwhile, efiles filed by tax pros surpassed those from DIYers.
IRIS Buys Payroll Biz
The Iris Software Group, which has purchased a number of companeis that make software for tax and accounting offices, has acquired Apex HCM. Terms were not disclosed.
Avalara Takes Crush Regional
The annual Avalara Crush conference has become eight regional conferences. Crush has not been held in-person since 2019 because of the COVID-19 pandemic.
AbacusNext Becomes Caret
AbacusNext, which markets a variety of legal software tools, has become Caret. The company also markets the OfficeTools practice management system for accounting firms.
Digital Asset Software Cos. Combine
The software companies that market digital asset management software have come together with the purchase of Tactic by Taxbit. Terms were not disclosed.
CPA Guilty in Tax Shelter Fraud
A Florida CPA has pleaded guilty to using syndicated conservation easement tax shelters to protect income of high-income clients from taxes. Ralph B. Anderson of Naples admitting causing a tax loss of nearly $3.5 million.
Most Read
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Jan 12 2023
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Written by Bob Scott
A Utah tax preparer has been sentenced to 37 months…
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Jan 12 2023
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Written by Bob Scott
This year’s tax season will begin on January 23, the…
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Jan 12 2023
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Written by Bob Scott
AbacusNext, which owns the Office Tools practice management system, has…
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Feb 06 2023
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Written by Bob Scott
The Internal Revenue Service is working with states to clarify of…
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