ADP has rejected a bid by Pershing Square Capital Management to take control of the payroll services company board. ADP says that Pershing, led by activist investor William Ackman, approached it on August 1. The investment firm seeks to elect five to the board of directors and to replace CEO Carlos Rodriquez.

A phishing email scam is targeting tax professionals by purporting to be from tax software companies. Messages in the latest the phishing attack contain subject line of "Software Support Update" and highlights the topic as "Important Software System Upgrade".

A Louisiana preparer has pleaded guilty to four counts of preparing fraudulent tax returns. Shawanda Nevers, 49, pleaded guilty to filing bogus returns between 2011 and 2016 even though a court banned her from preparing federal returns in 2014. She owes the Internal Revenue Service almost $7 million.