A Florida preparer must disgore $1 million after he agreed to be barred from preparing tax returns for others. Demetrius Scott of Orlando must pay the money that the United States says represents proceeds from phony tax returns he and his staff preparer for customers.

Intacct, a cloud software company, has secured $40 million in debt financing. The San Jose, Calif.-based company received the financing commitment recently via a new debt facility from Silicon Valley Bank, which joins several existing equity investors.

Sageworks has published a book designed to provide strategies for firms to add value beyond their technical skills. Called "Next-Level Accountants: Your guide to growing a firm of trusted advisors", the publication provides advice from experts in firm strategy, compensation, marketing, client relations, client retention and technology.