The Internal Revenue Service could be auditing more tax returns where it sees big discrepancies in the payments reported on the Form 1099-K and the income reported on tax returns, according to a new report.

Together, the companies form a payments powerhouse valued at $29B.

The partnership expansion comes on the heels of bank exec Keri Gohman joining the software company.

CPAs and accounting professionals are well positioned to advise their business clients on cost containment and risk mitigation.

The Securities and Exchange Commission has charged two former executives at iPayment, a Westlake Village, California-based credit card processing company, with overseeing a scheme to steal millions of dollars via bogus expense reimbursements, inflated invoices and various accounting maneuvers.

Viewpost, a B2B network for electronic invoicing, payments and cash management, has partnered with MasterCard issuer Comdata so its clients can pay suppliers via virtual credit card.