Technology news January 2006

Technology

IRS Oversight Board Wants e-Filing Goal Extended to 2011

The Internal Revenue Service (IRS) Oversight Board released its Electronic Filing Annual Report to Congress on Monday and acknowledged that the IRS will not meet the goal of 80 percent of all returns filed electronically mandated by the IRS Restructuring and Reform Act of 1998. The Board credited the 2007 deadline with pushing the IRS to increase the number of taxpayers who e-file their returns to 52 percent in 2005, and projects, based on their analysis of current trends, that four out of five taxpayers will file electronically by 2011.
Practice Management

Auto Industry Gets New Tool for Managing Assets Wirelessly

Last week, hidden among the bad news emanating from the American auto industry, a ray of hope emerged. WhereNet Corporation announced a first-of-its-kind program offering suppliers a low-risk method for evaluating the company’s active RFID-based Real-Time Locating System (RTLS) technology applications specifically tailored for the automotive industry. Leading industry analysts agree that automotive manufacturers need to fundamentally change their business processes by embracing RFID and improving asset management.
Practice

AICPA Giving Practice Management Content Away Through Mid-May

Certified Public Accountants (CPAs) looking for information that can help them, and their firms, become more successful, have until mid-May to access members-only content from the American Institute of Certified Public Accountants’ (AICPA’s) Private Companies Practice Section (PCPS), even if their firms are not PCPS members. The normally restricted content, from noted professionals in the field, is free to all, for a limited time.Content in the PCPS membership section draws on the experience of more than 83,000 CPAs from 6,000 local and regional firms across the country.
Tax

Computer Virus Turns 20 Amid New IT Security Scares

This month marks the twentieth anniversary of the first personal computer virus attack. What better way to celebrate than with the release of additional studies confirming that businesses’ high technology endeavors operate in a minefield of new viruses, worms and other security threats?The Federal Bureau of Investigation (FBI) found that 87 percent of businesses it surveyed suffered attacks that affected their computer security last year.
Technology

In Personal Finance Software, Style Rules

In the world of personal finance software: two rivals, Microsoft Money and Intuit's Quicken, dominate.Both can help organize tax information and all personal accounts, pay bills online, create budgets, handle investments and make financial forecasts. Both are connected to their websites. Features are similar in both programs, so style and personal preferences could be the determining factor as to which one to use.
Technology

Keeping Track of Your Teens During Tax Season

When you are working 60 hours or more a week, it can be tough to keep track of your kids. If your teen has a driver’s license and access to a vehicle it can be almost impossible. Fortunately, 16ndriving.com, Inc.
A&A

IPTV Service Providers Seek Accounting and Settlement Practice Standards

As regional bell companies like Verizon and AT&T begin commercial rollouts of Internet Provided TV (IPTV) services that bundle telephony, video and internet, the Internet Protocol Detail Record Organization (IPDR.org) an industry consortium, has announced a new initiative to standardize accounting and settlement practices. IPDR.org says on its Web site that the telecommunications industry cannot use the accounting and billing information standards (e.g. CDR) that were “designed for yesterday’s services” for this next generation of services.
Practice Management

The Impact of Compliance and Risk Management on Archival Storage Strategies

Electronic net media such as e-mail and instant messages have changed business to business transactions. The bulk of important business transactions such as contract negotiations, order issuance and acceptance, corporate communications and marketing programs, supply chain management, service and support, and investor relations are now done primarily using the Internet and these electronic media.
A&A

Simply Accounting For Office Arrives

Sage Software announced, on Monday, that Simply Accounting by Sage Basic – for Microsoft Officer Users is now available in the U.S.. Simply Accounting, annually the number one selling accounting package for small businesses in Canada, has been available in the U.S. and Canada for 20 years.
Tax

Data Storage Systems at Risk: Symantec, EMC Acknowledge, Correct Product Flaws

In a sign that virtually all bastions of business data security are vulnerable to attack, the vendors of two data storage systems -- a product type often implemented to provide an added layer of defense against hackers, have each just admitted to security flaws in separate high-profile products and have issued correctional patches.EMC Corporation of Hopkinton, Massachusetts, has issued separate patches for it Legato NetWorker system versions 7.2.1, 7.14 and 7.3, while Symantec Corp.
Technology

Income Limits for Free File: Preparing for Business E-file

Individual taxpayers who enter the Internal Revenue Service (IRS) web site looking for access to free tax software on their Free File page may be surprised when they find that many companies are no longer offering that service to taxpayers with adjusted gross incomes of $50,000 or more.
A&A

Archiving and Backup

A new study shows, that with all the current regulation and resulting compliance, archiving is not widespread. The study found that only a small number of respondents were required to archive required data because of regulatory legislation such as Sarbanes-Oxley (SOX). The study was commissioned by Bridgehead Software, a developer and vendor of storage management software.
Technology

RSS: Background & Uses

You may have noticed that RSS is now available on the AccountingWEB site. RDF Site Summary (RSS) is a format for syndicating any news and other content that can be divided into separate items. It is similar to XML with significant differences for programmers. Once items are converted to RSS format and integrated into a feed, RSS-aware programs can poll that feed for changes and update content as necessary. These RSS-aware programs are called news aggregators.
Practice Management

IT Managers Slow to Adopt Archiving Solutions

According to a new study a “solid percentage of IT managers don’t understand archiving, so many are failing to do it properly,” enterpriseitplanet.com reports.
Technology

New Agreement Opens Doors to CPA.CITP Certification for CPA/CISA Practitioners

The American Institute of Certified Public Accountants (AICPA) and the Information Systems Audit and Control Association (ISACA) announced a new agreement between the organizations on Thursday.
A&A

Mark Your Calendar: Electronic Document Management Webinar

Want to see how leading CPA firms are reaping the rewards of electronic document management? GoFilERoom, the leading provider of document management solutions for CPA firms, is offering a free, 45-minute webinar, complete with case studies, at 2 p.m. Eastern Time, on Tuesday, January 31.“Going paperless is huge cultural change for an accounting firm,” Gary Adamson, Managing Partner at Brady Ware explained in announcing his firm’s selection of GoFileRoom for organizing firm documents and tracking client projects.
Community News

Towards a Uniform National Sales Tax System

The nationwide effort to create a uniform sales tax system is under way and gaining steam, as 13 states, so far are cooperating to create a streamlined collection process.The Streamlined Sales and Use Tax Agreement is a multi-state initiative meant to simplify the varying sales tax laws for businesses that sell their products in multiple states.Forty-four states agreed, in November 2002, to participate in the program. The agreement officially took effect last October, when the 13 states became full members.
Community News

David Maister Launches Marketing Masterclass Series of Podcasts

This month, business guru David Maister launches the first in a series of unique, marketing podcasts for professional services firms. The first four of 14 podcasts will be available, free, on his web site, at www.davidmaister.com, beginning January 23.
Community News

Sage Expands Partnerships, Markets

Sage Software and CCH, a Wolters Kluwer business (CCH) on Monday announced a new partnership agreement significantly expanding their strategic alliance and strengthening each company’s ability to provide premium products and services to the accounting community. The announcement follows on the heels of news that one of the nation’s top five business partners for Sage MAS 90 and Sage MAS 200, MicroAccounting Solutions, has expanded into the Chicago market.
Technology

Blackberries Vulnerable to Malicious E-Mail Attacks, Vendor Warns

Blackberry handheld communication devices can be just as vulnerable as desktop and laptop computers to certain malicious e-mail attacks.One of the largest makers of Blackberry, devices Research in Motion of Waterloo, Ontario, Canada, is warning its customers that their popular handheld devices could lose their ability to view attachments if a certain type of malicious e-mail image is opened on them.

Pages