Vertex SMB has developed a connector for QuickBooks that will enable QuickBooks users to utilize the Vertex SMB sales-and-use tax platform. The connector gives users the ability to perform calculations on invoices, look up tax rates, prepare and file returns, and maintain product taxability and compliance across multiple jurisdictions and states.

The Internal Revenue Service recently proposed rules to stop what it says are abusive maneuvers by private-equity firms. With these rules, the IRS is seeking to limit private-equity executives' practice of reducing their tax bills by reclassifying how their management fees are taxed.

Wolters Kluwer attributed a growth in tax software sales for its results for the first half ended June 30. The company, which owns the CCH brand, reported a 2 percent increase in revenue organically, 3 percent in constant currencies, as positive results in North American and the Pacific Rim overcame declines in revenue in Europe.

The Taxpayer Advocate Service has developed several tools to assist individuals and employers in estimating Affordable Care Act related credits and payments. The service, which operates as an independent organization within the Internal Revenue Service, cautions these tools provide estimates and should be used as a guide in making decisions regarding tax situations.