The nomination period for the fifth annual Tax & Accounting Technology Innovation Awards has been extended to allow companies to submit their products and services until April 11, 2008.

The Innovation Awards are sponsored by The CPA Technology Advisor, the leading independent technology magazine for tax and accounting professionals. The awards will be presented in Los Angeles on June 12, 2007, at a special event at the California Accounting and Business Show & Conference.

The highly prized awards are presented to technology vendors for advancements to existing products and services as well as innovative newly-developed technologies that are directly marketed to tax and accounting professionals.

"Tax and accounting professionals rely on various technologies to help them service their clients, whether it’s software, hardware, online applications or other services," said Gregory L. LaFollette, CPA.CITP. "Through the Innovation Awards, the professional community has a voice that acknowledges and rewards vendors of innovative technologies that aid in the productivity and profitability of accounting and tax firms."

Winners of Innovation Awards in previous years have included: Microsoft, Intuit, PayCycle, Maxtor, DoubleSight Displays, Thomson Tax & Accounting, SurePrep, and BankServ.

A total of five awards are presented each year based upon nominations received from vendors, academics, and the professional community. The awards are not ranked or divided into categories. Instead, all nominated products and services that meet the submission requirements have the opportunity to be selected for any of the five awards. Award recipients will be decided by the Award Committee, which is comprised of the editorial staff at The CPA Technology Advisor, thought leaders among the profession, and the publication's Editorial Advisory Board. Board members include accounting and tax professionals from various sized firms across the country who are engaged in a variety of practice areas.

To qualify for consideration for an Innovation Award, products or services must meet all of the following conditions:

Commercially available (no Beta versions)

Verifiable paying users

Less than two years in production (Significant new modules or features, or programs that have undergone a major revision or version change are eligible, regardless of the age of the overall product)

Directly marketed to tax and accounting profession

If selected, a representative of the vendor must be available to receive the award in person at the California Accounting and Business Show & Conference.

Nominations for the Tax & Accounting Technology Innovation Awards can be made by vendors or other parties either by completing the online nomination form. A nomination fee of $250 must be paid prior to acceptance of a nomination. More information about the nomination process is available online or by calling 800-456-0864, x2110.