GoFileRoom, a document management system from Thomson Reuters, has an improved ability to identify tax forms in its TaxSort feature. These include customizable bookmark categories other menu options for Adobe PF files that are store in the application. There are also improvements to the FirmFlow module.

ProSystem fx Workstream's new Monitored Project Notification automatically alerts users a specified number of days prior to a planned finish date if the project is not on schedule. Project Assignment Timing can make role and workstep assignments independently of project creation. Workstream users also can choose to e-mail or post notifications to a dashboard for monitoring.

TaxAct, whose purchase by H&R Block was halted by the government, has a new prospective buyer. The bidder is InfoSpace, an online search company based in Bellevue, Wash., which has signed a definitive agreement to buy the tax preparation software company for $287.5 million in cash. Meanwhile, InfoSpace CEO William J. Ruckelshaus indicated interest in additional acquisitions in the space to consolidate the online tax market.

Greg McCaffery, who served as president and COO of the Bureau of National Affairs, has become CEO and president of the unit that is now known as Bloomberg BNA. He replaces Paul Wojcik who had held the job since 2007 and remains as chairman. The changes stem from BNA's acquisition last year by Bloomberg.