H&R Block will acquire Wave Financial for $405 million in cash, the tax services tcompany said this week.  Wave, based in Toronto, Ont., markets cloud-based small business software and has targeted the growing market of free-lance employees.

The American Institute of CPAs will soon be in charge of the .cpa Internet domain. The AICPA is in the contract execution phase with the Internet Corporation for Assigned Names and Numbers to administer .cpa.

Xero has named Hubdoc’s co-CEO Jamie McDonald as executive general manager of product, accounting and global services.  McDonald, who will continue his Hubdoc role, will oversee development of core accounting tools in the newly created position.