The year-old Thomson Reuters Technology Center will be expanded, the company said this week. Thomson says the Toronto, Ont.-based center will have a new facility constructed. Thomson expects to commit more than $100 million through capital investments and a 12-year lease.

Phony insurance tax form e-services email scams are targeting professional tax preparers. The Internal Revenue Service warned recently attempts to access annuity and life insurance accounts and a renewed effort to con pros with purported e-services agreements.

Xero has automated account codes in its cloud accounting software. The company's artificial intelligence system will consider each individual business's characteristics, then recommend account codes to be used for each bill entered.