Intuit has been testing a program that would enable small and medium businesses to get loans. Intuit is stepping into the process to help banks judge the creditworthiness of their customers. CEO Brad Smith described the test last week, but provided few details about how the program works. Read more...

No one expects anything from state and local government other than more aggressive efforts to collect sales-and-use taxes from businesses operating within their jurisdictions. With taxation of Internet sales expected to become a reality at the state and federal levels, companies are going to need tools to handle the increased scrutiny.

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The Securities and Exchange Commission has accused two KPMG auditors of rubber-stamping an audit of a failed Nebraska-based bank that hid millions of dollars in loan losses from investors during the financial crisis. The SEC says KPMG partner, John J. Aesoph, and senior manager, Darren M. Bennett, "relied on stale information and management's representations" in issuing unqualified opinions of TierOne Bank's 2008 financial statements and internal controls over its financial reporting. Read more...