Tangicloud for NFPs has been introduced to provide cloud-based fund accounting software. The application, available in three editions, is based on Microsoft's Dynamics NAV accounting software.

A new credential in valuation is being offered by American Institute of CPAs, American Society of Appraisers and Royal Institution of Chartered Surveyors. The Certified in Entity and Intangible Valuations credential is designed for those who determine fair value measurement results for company financial statements for entity and intangible asset valuations.

A Toms River, N.J.-based tax preparer has been sentenced to 37 months in prison pocketing refunds she sought without her client's permission. Doreen Gentile has also been ordered to pay $1,863,013 in restitution. She also admitted failing to pay taxes for her business from 2006 through 2009.