NEW YORK - In what looks like a lack of confidence in the management of its own consumer tax product, H&R Block said it would buy Second Story Holdings, which owns the TaxAct software, for $287.5 million in cash. Block will continue to market its At Home line, formerly known as Tax Cut, along with TaxAct, but the acquired unit's management will run the business.

NEW YORK - Members of the American Institute of CPAs have approved changing the organization's bylaws to modernize admission requirements with 81.39 percent favoring the update. The 60-day voting period ended on October 8 with 70,388 in favor of the change and 16,096 opposed. The approval of two thirds of those voting was required to adopt the by-law amendment.