News (1882)
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SEC Whacks Blackbaud for $3 Million
The SEC’s finding Blackbaud made misleading statements about a 2020 ransomware attack has led to the company agreeing to a $3-million civil penalty. The company also agreed to cease and desist from violations of the Securities Act of 1933, the agency said this week.'s
CCH Axcess: Double-Digit Growth
Organic revenue for the CCH Axcess grew by double-digits for the year ended December 31, Wolters Kluwer has reported. That was part of the performance noted in the company’s tax and accounting business for 2022.
Returns Rise 1.3 Percent
Income tax returns received by the Internal Revenue Service for the season February 24 were 1.3 percent more than the total through Feb. 23, 2023. Meanwhile, efiles filed by tax pros surpassed those from DIYers.
IRIS Buys Payroll Biz
The Iris Software Group, which has purchased a number of companeis that make software for tax and accounting offices, has acquired Apex HCM. Terms were not disclosed.
Avalara Takes Crush Regional
The annual Avalara Crush conference has become eight regional conferences. Crush has not been held in-person since 2019 because of the COVID-19 pandemic.
AbacusNext Becomes Caret
AbacusNext, which markets a variety of legal software tools, has become Caret. The company also markets the OfficeTools practice management system for accounting firms.
Digital Asset Software Cos. Combine
The software companies that market digital asset management software have come together with the purchase of Tactic by Taxbit. Terms were not disclosed.
CPA Guilty in Tax Shelter Fraud
A Florida CPA has pleaded guilty to using syndicated conservation easement tax shelters to protect income of high-income clients from taxes. Ralph B. Anderson of Naples admitting causing a tax loss of nearly $3.5 million.
Liberty Parent Outlines Filings
NextPoint Financial, parent of tax preparation service, Liberty Tax, intends to have its delayed financial statements for its year ended Dec. 31, 2021 and three quarters of 2022 filed by the end of February.
Xero Changing Shows
Xero is ending its practice of having annual editions of its Xerocon conference in its major markets. Starting next year, the New Zealand-based company will move to what it calls global conferences.
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