A Yorktown, N.Y.-based tax preparer who agreed to dissolve his business in 2009 had been indicted on charges he failed to report the income from the sale of that operation. Steve Sabba, who pleaded guilty to filing a fraudulent New York Tax return in 2009, pleaded not guilty Monday to an eight-count indictment which alleges he engaged in a series of tax crimes from February 2012 through March 2018.

The American Institute of CPAs has given its support to a proposed law that would regulate tax return preparers. The organization sent a letterin support of the bill, recently to Senators Rob Portman and Ben Cardin, who are the sponsors of  Protecting Taxpayers Act, S. 3278, 

Xero has acquired Hubdoc, which makes document collection and management software, for $70 million in cash and Xero equity. The New Zealand-based cloud software company said this week Hubdoc, based in Toronto, Ont., will operate as a stand-alone unit.