Technology news July 2006

Technology

E-File Available Through October 16

The Internal Revenue Service (IRS) reminds taxpayers who previously filed for extensions that they can electronically file (e-file) their tax returns through October 16, 2006.E-filing is a safe, convenient and secure way to file tax returns. Taxpayers receive a confirmation to keep for their records.
Tax

Is There a Problem Here? Privacy and Data Security in the Mobile CPA Firm

Look around your firm today. It seems like everyone is using a notebook computer, right? Not just audit teams, but partners, consultants, and accountants from all departments of the firm are carrying their computers with them as they travel out and about. With decreasing prices and increasing capabilities, today’s notebooks are in many cases the equal of most desktop machines. Included in that increased capacity are huge hard drives capable of storing enormous amounts of data.
A&A

SAP Buys Partner Praxis to Beef Up E-Commerce Capabilities for SMEs

SAP has completed acquisition of partner Praxis Software Solutions, based in Minneapolis, to incorporate new e-commerce and customer relationship management (CRM) software into its Business One management suite.The move comes soon after research by Yankee Group revealed that integrating the company website with accounting, inventory and other business applications is one of the biggest technology challenges faced by small and midsize enterprises (SMEs).
Practice Management

Travel expense management systems can save time, money

Automated expense management offers real advantages to employees and management, ranging from significant cost savings to companies on travel expense processing to reducing the time it takes for an employee to fill out a spreadsheet expense report or a paper report. The technology is also designed to detect fraud and to document approval processes, which appeals to financial managers focused on Sarbanes-Oxley (SOX) compliance.
Technology

Accounting Made Easy: BillMonk Formalizes IOUs

A new field of accounting has sprung forth from the software industry: “social money.” And a start-up company is servicing the recently identified market, helping college students and young adults track informal debt. “BillMonk helps you avoid the awkwardness of borrowing and sharing. We track the debts that might otherwise be forgotten, and we do the cumbersome money-math,” the company says.In short, BillMonk helps a circle of friends keep track of who owes how much to whom. For example, a user wants to report a debt like shared rent or an IOU to another person.
Technology

IRS Warns Phishing Scams Increasing

The Internal Revenue Service (IRS) is reminding taxpayers to be on the lookout for bogus e-mails claiming to be from the tax agency, on the heels of a recent increase in scam e-mails.In recent weeks the IRS has experienced an increase in complaints about e-mails designed to trick the recipients into disclosing personal and financial information that could be used to steal the recipient’s identity and financial assets. Since November, 99 different scams have been identified.
Technology

Employers Seek Alternatives for Easing Costs of Going to Work

With gas prices still high and possibly going higher, companies are trying to help their employees save money on their daily commutes by signing up for commuter tax benefit programs and discount programs with local mass transit and offering transportation subsidies, the Associated Press reports. Employers can also reap tax benefits from those participating in the commuter tax program which can help them to retain their employees.
Technology

Mark Your Calendar: Finance & Accounting Outsourcing Webinar to Be Held July 25

Everest Research Institute will deliver an industry-defining webinar, on July 25, revealing the latest research trends in Finance & Accounting (F&A) Outsourcing (FAO).
Technology

Rivet's XBRL Analysis Tool in Sync with AICPA's Enhanced Biz Reporting Effort

Denver-based Rivet Software has taken another step forward as the accounting professions’ most prominent developer of eXtensible Business Reporting Language (XBRL) technologies and has further intertwined its business future with the American Institute of Certified Public Accountants (AICPA) by rolling out a business analysis software suite.Like all of Rivet’s products, it’s new Interactive Financials (i-Fi) Suite leverages XBRL, which is the business report version of the EXtensible Markup Language (XML) platform for coding individual items within documents so that they can be immedi

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