The Progressive Accountant

AICPA Supports Tax Preparer Regulation

AICPAThe 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, 

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Xero Buys Hubdoc

Jamie McDonald, Hubdoc 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.

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Gusto Raises $140 Million

gustoGusto has raised $140 million in Series C venture funding. The online payroll application company, which was launched in 2012, said proceeds will be used to invest in new features and additions to its platform.

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