Technology news December 2006 | AccountingWEB

Technology news December 2006


The Differing Work Habits of Small Business Men and Women

A survey conducted of men and women who work in the Small and Medium Sized Business (SMB) segments revealed that working habits differ between the sexes. The survey of 314 men and women was conducted in the last quarter of 2006 by Broadwick Corporation.

Many New Home Buyers Face Tax Regulations

The 2005 real estate boom, coupled with low loan rates, produced a large number of first- time home buyers who will deal with new tax regulations when filling out their 2006 taxes. Thousands of filers who will deal with deductions can use the Internal Revenue Service (IRS) Publication 530, which is available for the 2006 tax season and provides specific guidelines to determine eligibility for homeowner deductions. For many new homeowners, the move from standard tax deductions to itemized deductions using the standard

The New Gift Card Market: Buy, Sell or Trade

Chances are that most people either have or will receive a gift card this holiday season and some may not want that particular card or will spend only a fraction of the total.

Free File Begins 5th Year Without Refund Anticipation Loans

Free File, an innovative partnership between the Internal Revenue Service (IRS) and the Free File Alliance, is beginning its fifth year in January with an agreement removing ancillary offerings, including Refund Anticipation Loans (RALs), from the program. For 2007, 70 percent of all taxpayers will be eligible for Free File.

Survey Says: E-Filing Not Without New Costs

With the first year of mandatory tax return filing complete, a survey shows what the accounting industry suspected – affected companies had to make some investments to comply with the new IRS mandate.“There is no question that the first year of mandated corporate e-filing was a success, but as we predicted, it did require an additional investment in staff, technology, and time to transition to the new system,” said Michael Dolan, director of IRS policies and dispute resolution in the Washington National Tax practice of KPMG.
Premium content is currently locked