Liberty Tax Service has received a $12-per-share recapitalization offer from Vintage Capital Management, which already controls the tax services company. Vintage also indicated that it could quickly add other "operating assets" to Liberty’s business, along with the debt-and-equity offer.

The Supreme Court’s Wayfair decision, which lets states tax online sales, is going to have an impact across the indirect tax market, according to Scott Peterson. Peterson, director of government affairs for Avalara, said this month the decision will force all levels of government to rethink taxes.

Wolters Kluwer said this week that the vast majority of customer applications and platforms have been restored to service. It reported the company is working “around the clock to restore remaining services”, but did not specify the ones which aren’t working.