The American Institute of CPAs and several large accounting firms are working to create an audit software package and methodology. The parties said recently they are working with CaseWare International to develop the technology platform.

A Middlesex County, N.J., tax preparer, indicted on May 3 on tax charges, has been hit this month with 11 new counts of alleged tax fraud. David Patterson, age 37, is accused of falsifying client tax returns and also diverting a portion of their refunds to bank accounts he controlled.

Maximum loans available to small businesses through the QuickBooks Capital have been raised to $100,000 for 12-month terms. Intuit reported this week that amount is up from $35,000 per business through the program which began last year.