Sanjay Baskaran, president of TaxAct, has resigned his position. Blucora, TaxAct’s parent company, said this week Baskaran resigned immediately for personal reasons but will assist in the transition through August 1.

Cloud software vendor Xero sharply cut its loss for the year ended March 31. The New Zealand-based company this week said the loss for the recently ended year was about $19.3 million, 60-percent lower than in 2017. It also reported its first positive annual EBITDA, roughly $18 mill

The Internal Revenue Service has introduced a new online tool for researching information about tax-exempt organizations. The tool, Tax Exempt Organization Search, replaces EO Select Check, which was introduced in 2012.