Liberty Tax has filed a shelf offering with the SEC that will give it more capital. But it also would enable one private equity investor to cash out and the company's major shareholder to reduce his holdings. The company says that it has no plans to announce any specific uses of the funds.

Intuit has reached deals to provide basic product capabilities from Bill.com and Box. The agreements give ProAdvisors free accounts with Bill.com and free document management features from Box to accountants and clients. Together, the deals suggest Intuit will enter more "freemium" arrangements with third parties.

Thomson Reuters has updated its audit suite to provide an internal control evaluation tool that is fully compliant with COSO's new Internal Control Framework. PPC's Smart Practice Aids—Internal Control follows the new COSO Framework, effective on December 14, is a part of that suite.