E-Commerce

Tax

PayPal turns over account records to IRS

Earlier this year, PayPal let customers know the company would be providing the IRS with some of their account information. This was in response to a 2006 federal court ruling that the IRS could ask PayPal, a global leader in online payments with more than 63 million accounts worldwide, to hand over account information on American taxpayers with bank accounts, credit cards, or debit cards from foreign financial institutions."Your privacy is extremely important to PayPal.

eBay sellers attack negative feedback ban

Entrepreneurs have criticized the move by online auction service eBay to prevent sellers from posting negative feedback about customers who buy items.As part as what it described as "bold changes," the company announced last week that beginning in May, sellers will not be permitted to leave negative comments about buyers.
Technology

A Conversation with Mark Holland: Don't Be Frightened of Software as a Service

Having launched an online accounting service, Revas, Baker Tilly OnLine managing partner Mark Holland urges the accountancy profession to embrace the latest technology tools.Much as it may affront us, there are still those people who subscribe to the old stereotype that accountants are single minded, number crunching, spreadsheet-loving technophobes. While there may be a few who still conform to that image, a great number of us don't as we all realize that technology is continually changing. So too must our profession.

Yahoo introduces behavior targeting in SmartAds

Yahoo has introduced a new form of online advertising that enables advertisers to target potential customers by using demographic information.The product, called SmartAds, allows advertisers to create product-specific ads customized to the age, gender, geographic location, and online activities of the people seeing the ads.SmartAds allow advertising agencies to create a template for ads with several variables, then compile those elements on the spot to suit a specific reader.

Online shoppers will pay extra to protect privacy, Carnegie Mellon study shows

People are willing to pay extra to buy items from online retailers when they can easily ascertain how retailers' policies will protect their privacy, a new Carnegie Mellon University study shows. Participants in the laboratory study used a Carnegie Mellon shopping search engine called Privacy Finder, www.privacyfinder.org, which can automatically evaluate a Web site's privacy policies and display the results on the search results page.
Technology

Single Enterprise Electronic Signature Platform Helps Eliminate Paper Not Control

The first enterprise electronic signature platform supporting multiple high-volume processes and document delivery was introduced Monday by Silanis Technology.
A&A

Electronic Payments Getting More Attention in May

This month, banks, credit unions, non-profit associations, businesses, and governments across the nation are asking consumers to increase their use of Direct Deposit and Direct payment in place of paper checks.
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

UK Software Firm Buys U.S. Payment-Processing Company

Sage Group, a business software firm based in England, on Monday announced the $323 million purchase of Verus Financial Management, the Nashville-based payment processor.The purchase expands Sage's reach beyond accounting products and into credit card and check processing for small and medium-sized businesses.
A&A

Working Lunch? On Mondays, Think Again

If you think your staff is working through their lunch-hour this holiday season you might want to take a closer look at what they are doing. A survey recently conducted by Atlas, a provider of digital marketing technologies and expertise, reveals that lunchtime and primetime are the best times for converting web browsers into web buyers.
Technology

Online Sales Rise on Holiday Shopping

Malls aren’t the only place to find crowds of shoppers this holiday season. A 24 percent increase in online sales, to nearly $7 billion over the recent holiday weekend, according to Bloomberg, indicates the information superhighway is crowded with shoppers too.Bloomberg cites New York-based Nielsen in reporting that the number of online shoppers increased 29 percent on the day after Thanksgiving.
A&A

So-So-So: Flat Start to Holiday Shopping Season

The holiday shopping season officially began at midnight Friday morning. Early signs were encouraging as crowds gathered to take advantage of huge sales and deeply discounted prices designed to lure in shoppers. The plan may have not have worked as intended, however. Shoppers came, but spending on Friday was virtually unchanged from the previous year, according to ShopperTrack RCT Corp. which tracks total sales at more than 45,000 retail outlets.The ShopperTrack data indicates total sales dropped 0.9 percent to $8 billion from a year ago.
Technology

A Big Day for Small Businesses Thanks to NetSuite

NetSuite Inc., a leader in e-commerce solutions for small and mid-sized businesses, made three announcements on Thursday that will help online retailers make the most of the upcoming holiday season. The announcements included integrating PayPal, adding new UPS shipping capabilities and solving e-commerce mysteries for small and mid-sized businesses.PayPal Integration The NetSuite Paypal integration provides seamless end-to-end online transactions with real-time visibility and no monthly fees.
Technology

VirtualLNK Releases Accounting Collection Icons

VirtualLNK has released the first of their industry-specific icon collections. The Accounting Collection is their first collection of software icons linked to accounting, financial, and banking applications. The company has had a best seller with their Enterprise Icon Collection and hopes that the industry-specific collections will perform as well.
A&A

E-Payments Increasing for Consumers, Businesses

More businesses are turning to electronic payments as a way to save money and manage cash flow more efficiently.Businesses are offering direct deposit to their employees, making payments to vendors electronically and accepting electronic payments through their websites or through monthly debits to checking accounts.
Tax

IRS Expands Electronic Payment Contract to Include Business Tax

When the Internal Revenue Service (IRS) exercised the third of four optional one-year contract extensions with Official Payments Corp.®, they also expanded the tax types eligible for credit card payment to business taxes. The contract renewal also authorizes Official Payments to continue collecting and processing individual federal income tax payments by credit card. Official Payments is a wholly owned subsidiary of Tier Technologies, Inc.Official Payments has been processing credit card payments for individual federal taxpayers since 1999.
Tax

Progress in Voluntary Internet Sales Tax Program

The Streamlined Sales Tax Project (SSTP) is moving toward a milestone. SSTP is an effort to merge all the differing methods of assessing and collecting taxes from sales made via the Internet into one certified national program. Toward that goal, the voluntary program should begin certifying the first states as members by the end of June. Twelve or thirteen states are expected to become full project members by the June 30th. Another six or seven are expected to join the program soon after that.
Technology

E-mail Providers Team Up to Help Fix ‘Broken’ System

E-mail viruses and worms are turning millions of home computers into spam distributors. An estimated 1 million people had personal information stolen through "phishing" schemes. About 80 percent of all e-mail traffic is unsolicited junk.Some wonder if the promise of e-mail as an indispensable business tool is turning into a nightmare. "It increasingly is broken," Silicon Valley venture capitalist Steve Jurvetson told USA Today. "Spam, fraud, phishing schemes, all this other stuff is more than an annoyance.
Tax

Illinois Sues Online Retailers Claiming Cyber Tax Evasion

On September 17, the House of Representatives passed the Internet Tax Non-Discrimination Act, the bill that imposes a permanent ban on taxes on Internet services. The current moratorium, set to expire on November 1, 2003, was a temporary fix installed two years ago, providing legislators with time to debate the issues of the permanent moratorium. The moratorium applies to all methods of Internet access, including pricier high-speed links taxed by some states.
Technology

States Vote to Proceed With Internet Sales Tax

Tax officials and legislators from 31 states and the District of Columbia met in Chicago on Tuesday to vote on a plan to simplify their respective tax laws in order to position themselves to collect sales tax on Internet sales.The state officials voted unanimously to accept the plan, called the Streamlined Sales Tax Project. The next step in the controversial plan will be to ask Congress to mandate an online sales tax collection program.

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