TaxAct has made its business tax modules available for download for the first time. The company rolled out preview versions of its Federal 1065, 1120 and 1120S Editions, earlier this fall. The Cedar Rapids, Iowa-based company is also offering line into state business tax forms as part of its D-I-Y line for small business.

Bill.com, which delivers invoicing services via the Internet, has received $38 million in financing. The round was led by new investor Scale Venture Partners. Among uses of the funds will be investment in the company's Banking Platform and the acceleration of its Business Payments Network.

Four CPAs and their New York City accounting firm have been barred from appearing before the SEC for their roles in the audits of three Chinese companies. The firm, Sherb & Co., was also hit with a $75,000 civil money penalty after the SEC found auditors missed obvious errors and red flags and in one case, ignored a warning from one client's controller and the attempted bribe of a member of the audit staff by another client.

CCH Tax & Accounting had a strong performance in tax software for its parent Wolters Kluwer in the third quarter ended September 30. The Netherlands-based company issued that report last week as part of a trading update for the most recently period. However, it said the gains at CCH were partially offset by reduced revenue from bank products and print formats.