Technology news June 2006

Technology

Microsoft Will Enter VoIP Market through Office Products

Microsoft executives announced Monday in San Francisco that the company would introduce voice technology to its current products and develop new products that link all worker communications from e-mail and instant messaging to videoconferencing and telephony, the Associated Press reports, thus taking on the Voice over Internet Protocol (VoIP) market from within their Office products.
Tax

Finance and Accounting Outsourcing Lags; New Technology May Spur Growth

On shore shared-service centers have taken the lead in performing finance and accounting processes, according to a recent study published by the Hackett Group, a strategic advisory firm, with 58 percent of the companies surveyed using the shared services model, globalservicesmedia.com reports. Only seven percent of companies relied on offshore shared-services centers. Twenty-seven percent of financial processes are still performed in-house or in some decentralized manner, according to the study.
A&A

Asset Loss Costs Average School District $250,000 a Year

The average school district loses nearly a quarter of a million dollars annually to asset loss and damage costs, according to a recent study of district asset management.
Tax

Information Technology Audits Are Priority for Small Business Owners

Small businesses, whether public companies gearing up for Sarbanes Oxley (SOX) compliance, or privately held companies responding to customers’ demands for secure storage of personal data, are hiring internal Information Technology (IT) auditors in record numbers, according to networkworld.com. Also, internal and external auditors and IT personnel focused on security are working together to meet their goals.
Technology

Proviti Partners with Oracle in Cost-Effective, Sustainable Compliance Program

Proviti Inc., last week announced the company is working with Oracle to provide companies with an integrated compliance solution that leverages its consulting experience with Oracle applications and technologies.
Technology

New York’s Revised Telework Tax Policy Called “Useless”

The Telework Coalition (TelCoa), a telework advocacy group headquartered in Washington, D.C., has denounced revisions New York State recently made to its telework tax policy as “misleading” and “useless.” Both TelCoa and another telework advocacy group, The Association for Commuter Transportation (ACT), have reaffirmed their call to Congress to protect Americans who telecommute to out-of-state employers by passing the Telecommuter Tax Fairness Act (S. 1097, H.R.
Technology

Estate Planning Hints for Intangibles and Digital Assets

When it comes to transferring tangible assets, every state has statutes and mechanisms for administering estates, with or without a will.
Technology

New iVantage to Include Succession Planning Module

Spectrum Human Resource Systems Corp. plans to release iVantage(R) 3.6 on June 25, 2006, at the Society for Human Resource Management Conference in Washington D.C..
Practice Management

Security Alert: Microsoft Warns of Excel Zero-day Vulnerability

Microsoft posted a warning on Friday stating that a previously unknown flaw in Excel is being exploited by opening a malicious Excel document. The vulnerability is considered extremely critical because, according to a prepared statement from Secure Elements, it is locally and remotely exploitable by Trojan.Mdropper.J, which drops Downloader.Booli.A on the affected system.
Technology

June is Backup Awareness Month, But CPAs Are Aware Anyway

Business intelligence technology systems developer Seagate Software has dubbed June as Backup Awareness Month, but the accounting profession needs no such marketing gimmick.
A&A

SAP, Partners Deliver Business Analytics and Strategic Insight for SMEs

On Tuesday at the AICPA Tech 2006 conference, SAP America, Inc., a subsidiary of SAP AG, announced the addition of new analytical and business intelliegence capabilities developed by independent software vendors (ISVs) for SAP Business One, the integrated management solution for small and mid-sized enterprises (SMEs).Advertisement
Practice

Mark Your Calendar: 8 Critical Questions Webconference

1st Global is sharing the eight critical questions tax practitioners need to answer about their practice and wealth management in an hour-long webconference on Wednesday, June 21, beginning at 10:30 a.m. Central Time.
Practice Management

AICPA Announces FlexWise to Help Members with Flexible Work Arrangements

Leslie Murphy, chair of the American Institute of Certified Public Accountants (AICPA), formally announced the FlexWise program during her presentation Monday at the Institute’s Practitioners Symposium in Las Vegas.As employers across the country deal with retention issues, more and more are turning to flexible work arrangements to keep talented employees.
Technology

Sage Quantum – Accountants’ Edition Launched at AICPA Tech 2006

Sage Software announced Peachtree by Sage Quantum – Accountants’ Edition, available exclusively to members of the Sage Software Accountants Network, on Monday at the American Institute of Certified Public Accountants (AICPA) Tech 2006, in Austin, Texas.
Technology

XBRL Software Developer Building Channel Seeks Accountants

Rivet Software, a leading developer of XBRL data tagging technology, is building a sales channel which will consist primarily of accountants and accounting firms.Advertisement
A&A

A Conversation About Equity Incentives with Jonathan Miller

Companies are not doing away with stock options. Jonathan Miller, President of Plan Management Corp. of Ardmore, Penn., recently sat down with AccountingWEB to discuss the present and future of options regulations and their impact on financial planning and reporting. Plan Management Corp. helps companies account for all forms of equity incentives, including stock options, restricted stock, stock appreciation rights (SARs) and stock purchase plans. “There was an initial impression that stock options were going to disappear, but we haven’t noticed that," Miller told AccountingWEB.com.
Technology

CPA2Biz Joins Internet Retailer’s Top 500 Retail Web Sites

CPA2Biz has been named to the Internet Retailer Top 500 guide to Retail Web Sites which ranks companies according to 2005 online sales data. With less than a month remaining in the fiscal year, CPA2Biz is trending toward profitability for the second consecutive year.
Technology

Companies Face Daunting Task of Managing E-mail

Many of the demands that Sarbanes-Oxley compliance has placed on accounting firms have developed into commercial opportunities for other industries.
Technology

Intuit Launches QuickBooks Enterprise Solution Provider Program

Intuit Inc. unveiled a new channel initiative on Wednesday, responding to overwhelming customer demand. The QuickBooks Enterprise Solution Provider Program will provide greater support for customers and enable Solution Providers to build their own businesses for long-term success.
Tax

IRS Eases Reporting Burdens on Corporations and Shareholders

As part of an ongoing effort to remove impediments to e-filing, the Internal Revenue Service (IRS) has announced regulatory revisions designed to reduce the reporting burden on corporations and shareholders.Advertisement