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Canopy Receives $11M in Funding

Canopy, which makes practice management and tax resolution software, has received $11 million in funding. The company said proceeds will be used to build its cloud-based practice suite.

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Massachusetts CPA’s Conviction Upheld

A federal appeals court has rejected a former CPA’s claim his conviction for defrauding the Internal Revenue Service of $600,000 should be reversed because he relied on information from his client.  The United States Court of Appeals for the First Circuit ruled there was overwhelming evidence that John H. Nardozzi had conspired with his  client,  State Senator Brian Joyce, from 2011 through 2014.

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Former CPA Draw 15 Years for Ponzi Scheme     

A former CPA in south-central Missouri has been sentenced to more than 15 years in federal prison for conducting a Ponzi scheme that swindled victims of millions. Douglas Richardson, age 47, was sentenced to 188 months in federal prison and ordered to pay his victims more than $8.8 million in restitution.

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Brady Martz Top Avantax Firm

Brady Marz & Associates has received the Firm of the Year and Top Champion Award from Avantax Planning Partners. The honors were  given during a recent awards night as Avantax also named its President’s Club.

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Intuit Ending QB Wholesale Discount

Intuit is ending the 50-percent wholesale discount receive on QuickBooks Online Essentials and Plus. The software company is also hiking prices, explaining that it has added significant features and also needs the price raises to provide more support.

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QBO Adding Contractor Payments

A Contractor Payments feature is being made available for QuickBooks Online. This option enables customers to pay contractors with direct deposit. 

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Announcing the 2021 Top 100 VARS

Top 100 2021 thumbnailJust what kind of year has it been for the mid-market reselling community?

It depends. For some, it was very tough, but for others, it was the best year in their history as demand for cloud products drove business. If you were in segments such as hospitality and restaurants, it was very hard, if you were in ecommerce, things have never been better. Overall, it was a year of great change with the accelerated shift to the cloud from on-premise applications and the forced move to remote work which is producnglasting changes.

So click the button below to find out who made Bob Scott’s Top 100 VARs for 2021 and many of their thoughts about the last year and the future

 
   

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Xero Subscribers Rise 20 Percent

Cloud accounting software Xero reported subscriptions rose by 20 percent year-over-year for the year ended March 31. North American subscriptions rose by 18 percent with revenue on this continent up 2 percent—6 percent in constant currencies, the company reported this month.

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WK Buys Vanguard Software

 Wolters Kluwer Tax & Accounting is acquiring Vanguard Software for about $110 million in cash. Vanguard Predictive Planning applications uses artificial intelligence in a variety of areas of supply chain management.

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Divvy Buy Puts Bill.com in New Market

 Bill.com will enter the spend management market with the $2.5 billion purchase of Divvy. The payments software company said this week it has agreed to the deal as it announced results for the third quarter ended March 31.

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