Peter Karpas, the CEO of Xero's North American operations, is stepping down from his job. The company made the disclosure earlier this month in a filing with the New Zealand Stock Exchange. It did not give an end date for Karpas, who was hired as the first person the position in February.

The cloud changes businesses; business of all types including accounting firms and software resellers. And while the debate continues about how fast users are moving desktop applications to the cloud, particularly in corporate accounting departments and at accounting firms, there is no doubt that Internet-based software is fundamentally changing organizations and how they conduct business.

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Every CPA practice has its own rhythm but all practices should be sure that their financial engine is tuned to optimize key performance achievements. As you take steps to calibrate your engine, the following should be part of your settings:

Dan Maurer, SVP of Small Business Management Solutions, is retiring from Intuit after nearly nine years in executive roles. He will begin a transitional non-executive role tomorrow which will last through his retirement on August 26.