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The Progressive Accountant is the leading online communit of public tax and accounting professionals focused on using technology to better manage and grow their practice.

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CBIZ Buys Marks Paneth

Publicly held CBIZ has purchased Top 50 accounting firm Mark Paneth in a deal that significantly increases its size. By itself, the acquired operations are 15.5 percent of CBIZ’s revenue for 2020.

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Iris Buys AccountantsWorld

The Iris Software Group has acquired AccountantsWorld, a pioneering cloud software company in the practice management space. It the latest in a series of deals through which Iris has snapped up practice and document management companies, along with payroll and HR Vendors.

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Preparer Must Pay $1.1 Million

A Gary, Ind.-based tax preparer, who prevously went to prison for tax fruad, has been sentenced to 39 months in prison in a second case. Dorian L. Hall, 47, must also repay $1,053,549.95 in restitution to the Internal Revenue Service.

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Canopy Snares $35M in Funding

Canopy, which markets practice management software, has raised $35 million in a Series BB round of funding. The company says the funding will be used to accelerate its business. 

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Term Loans Added to Funding Portal

 A business term loan option for CPA firms and their clients has been added to the CPA Business Funding Portal. Current portal users can immediately offer term loans while new subscribers can do so later this week.

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Bookgel Debuts Pricing App

Bookgel has released a pricing and closing application for accountants. The company describes its product as providing “a structured process to secure new business and reprice existing clients."

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Xero Enhances Banc Rec

Xero has introduced bank reconciliation predictions. These use machine learning to predict contact and account codes for transactions that cannot be matched to invoices or bills using an organization’s bank rules, Xero’s matching logic or memorizations. 

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CPA Firms Dominate Intacct Awards

Accounting firms took home most of the Sage Intacct channel awards this year. The top awards also went to repeat winners.

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Somerset CPAs Expands Cloud Practice

Somerset CPAs and Advisors has merged in Dataquest Solution’s Acumatica practice an affiliated company. The new organization, Somerset Technology Solutions will be led by David Gelula and Debbie Mazzullo from Dataquest and Jason Leveson from Somerset.

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QBO Advanced Goes Desktop

Intuit has rolled out a desktop version of its QuickBooks Online Advanced applications. QBO Advanced for Windows is a free add-on for cloud-based users.

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