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Thomson Debuts Checkpoint Edge

Thomson Reuters has introduced Checkpoint Edge, described as an artificial intelligence-based tax research platform. It will be commercially available next week.

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Cloud Vendor Acumatica Acquired

Cloud software vendor Acumatica has been acquired by EQT Partners, a private equity group based in Sweden. Terms of the sale were not disclosed. 

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Xero to Offer Stripe Feed

 

Xero is developing the ability to offer a direct feed over Stripe, th ecompany said this week.  CTO Craig Walker, who said the capability will be available in August, said the direct feed will be similar to ay bank feed into Xero.

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KPMG Assessed $50-Million Penalty

KPMG has been hit with a $50-million civil money penalty by the SEC. The levy stems from issues that go beyond well-publicized leaking of confidential information from the Public Company Accounting Oversight Board to former KPMG auditors to cheating on training exams and deleting documents.

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Block to Buy Wave for $405 Million

H&R Block will acquire Wave Financial for $405 million in cash, the tax services tcompany said this week.  Wave, based in Toronto, Ont., markets cloud-based small business software and has targeted the growing market of free-lance employees.

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AICPA to Administer .CPA Domain

The American Institute of CPAs will soon be in charge of the .cpa Internet domain. The AICPA is in the contract execution phase with the Internet Corporation for Assigned Names and Numbers to administer .cpa.

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Avalara to Raise $190+ Million

Avalara plans to fuel expansion with a secondary offering that it expects to raise about $193.2 million. The cloud sales tax software company this week said it will sell three million shares and that proceeds could be as high as $222.3 million if the underwriter’s over-allotment option is exercised.

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Intuit Doubles Bookkeeping Test Price

Intuit is testing the limited sale of QuickBooks Live Bookkeeping. The offer of $400 per month,  available this month on QuickBooks.com, is twice the price of an earlier subscription price.

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BigTime Snares $14 Million

BigTime Software has closed a $14 million investment round. The Chicago, Ill.-based firms markets time and billing software for professional services firms.

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Bill.com Intros AI-based Platform

Bill.com has introduced the Bill.com Intelligent Business Payments Platform. The company says the product, which utilizes artificial intelligence, utilizes its Intelligent Virtual Assistant capability to automatically handle invoices.

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