The Progressive Accountant
Intuit Buys Brazilian Startup
- Wednesday, 21 January 2015
Intuit has acquired ZeroPaper, a cloud accounting software startup based in Brazil. Intuit says that the application will provide a gateway into QuickBooks Online. The Intuit product has not yet been localized for the South American country, but apparently once that happens, Intuit will offer migration to QuickBooks.
Avalara Nets $6 Million in Funding
- Tuesday, 20 January 2015
Avalara has raised a net $6 million in capital, the sales-and-used tax company said this week. The Bainbridge Island, Wash.-based company says it received $43 million in financing but most of that will go to repurchase shares from existing investors. The latest round brings new investor Technology Crossover Ventures company on board, along with drawing from existing investors that include Warburg Pincus.
SEC Says Firms Ignored Possible Fraud
- Monday, 19 January 2015
Two audit firms and seven partners in those firms are accused of ignoring signs that an stock promoter, who allegedly hid his control of several shell companies, was engaging in fraud. The Securities and Exchange Commission has instituted a litigated administrative proceeding against John Briner, a Canada-based attorney, who had previously been suspended from practicing before the SEC with the securities registration of 20 of his purported mining companies revoked last year.
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