Ross Jenkins, COO of New Zealand-based Xero, will retire by the end of 2015. The company said Jenkins, who has been interim CFO since March will transition that position to the new executive, Sankar Narayan. Jenkins returned to the financial job when Doug Jeffries resigned after eight weeks in that position.

Thomson Reuters’ Tax and Accounting business grew in the second quarter ended June 30. But the strong growth it has showed in previous quarters was dampened by a slowdown in its government market. Operating profit for tax and accounting fell by 3 percent while revenue was up by 6 percent over last year.

Wolters Kluwer Tax & Accounting U.S. has introduced a self-study program about the Internal Revenue Service's tangible property repair regulations. Provided via on-demand videos presented by CPA Eric P. Wallace, the sessions offer continuing professional education credits and a certificate of completion. Wallace is a director at the Pennsylvania accounting firm Boyer & Ritter.

Initially called Sage Life, the product formerly known as Sage Live received its biggest preview to date at this week's Sage Summit conference in New Orleans. Aimed at small and medium-sized businesses, the cloud-based package, expected to be introduced next month, was described in closed sessions to members of the Sage reseller channel. Sage also revealed pricing for three different editions.