| Analytics Push Ahead in Tax and Accounting |
| Written by Bob Scott | |
Last week, the discussion in this space was about the role of CPAs in business intelligence. While it is not clear how interested accountants are in doing that or how adept they might be, the interest of companies that sell products and services to tax and accounting firms is growing in providing analytical tools. And why not, the vendors have all that customer data. | |
| Read more... |
| REVIEW: Engagement and Trial Balance Software 2012 |
| Written by Dave McClure | |
Back in the days of green eye shades and manual accounting, the process known as Engagement and Trial Balance were essential to the practice of both audits and accounting. Trial balance showed a quick snapshot of the validity of the company's transactions during audits and other legations, while Engagement handled to processes of opening, tracking and successfully completing the client work. | |
| Read more... |
| IRS Sets Out Rules for K-1 Electronic Distribution |
| Written by The Progressive Accountant | |
The Internal Revenue Service has issued guidance that allows partnerships to send Schedule K-1 to recipients electronically. The guidance, Revenue Procedure 2012-17, describes when these methods can be used and includes the requirement that the partnership must receive the partner's consent before doing so.
| |
| Read more... |
| Reveal Search Ranking Criteria |
| Written by Bob Scott | |
| |
| Read more... |
| TurboTax Continues to Shift Online |
| Written by The Progressive Accountant | |
| |
| Read more... |
| Video: Fujitsu Scanner for Accountants Program |
| Written by Bob Scott | |
Fujitsu's Kim Hogan, Business Development Manager, talks about their mobile and network scanners for accountants.
|
TurboTax Continues to Shift Online![]() Purchasers of Intuit's TurboTax are continuing to shift from desktop software to using the company's consumer tax preparation product online. Overall, the company sold slightly more than 14 million units for the second quarter ended January 31, a 10-percent increase as Intuit said it continues to take share in the online market. CEO Brad Smith also said that do-it-yourself products are cutting into the business of some professional preparers. News | The Progressive Accountant | Wednesday, 22 February 2012 |
Wolters Kluwer Moving into Analytics![]() Wolters Kluwer, the parent of CCH, is moving heavily into providing analytical products that draw upon the data the company has gathered in its operations. That plan was briefly outlined by Chief Executive Nancy McKinstry as the company reported that net income was up 2 percent and revenue up 4 percent, both in constant currencies, for the year ended December 31. News | The Progressive Accountant | Wednesday, 22 February 2012 |
Cloud Accounting Picking up with NFPs?![]() If the way vendors pushing products show interest in online applications, then nonprofits must be demanding them. At least a lot more choices are hitting the markets for those organizations that would like to consider Internet-based software. Blackbaud has been expanding the presence of the online version of its Financial Edge Software; Sage North America is readying the launch of a cloud suite this summer. SaaS-based Intacct has started pushing into the space. And AccuFund finds market interest is accelerating for its online product. News | Bob Scott | Wednesday, 22 February 2012 |
L.A. Area Preparer Booted from BusinessA Los Angeles-area tax preparer has been permanently barred from preparing federal tax returns for others. The Justice Department alleged that returns prepared by Maria Teresita Viray of Reseda, Los Angeles County resulted in a loss of more than $45 million in tax revenue from 2008 to 2010. Viray operated TVDM Tax Services, MTV Tax Services and New Horizon Tax Services and had prepared thousands of returns since 2008. News | The Progressive Accountant | Monday, 20 February 2012 |
Gilman Ciocia Gets New Accounting OfficerGilman Ciocia has named Jay Palma as principal financial and chief accounting officer. The financial planning company, which also provides tax preparation services, made the move following the resignation of Karen Fisher from that position this week. News | The Progressive Accountant | Thursday, 16 February 2012 |
Woodard Joins Sage's ChannelJoe Woodard, a prominent Intuit ProAdvisor, has become a Sage reseller as his firm, the Woodard Consulting Group, has joined the channel program of Sage North America as a dealer for Sage 90 and 200. Woodard operates the Scaling New Heights Conference for Intuit ProAdvisors and Solution Providers. News | The Progressive Accountant | Wednesday, 15 February 2012 |
Florida CPA Indicted for False ReturnsA Boca Raton, Fla., CPA has been indicted for preparing fraudulent tax returns and lying to Internal Revenue Service agents who were investigating his clients. John P. Miller is accused of obstructing Internal Revenue laws and preparing false tax returns. News | The Progressive Accountant | Wednesday, 15 February 2012 |
Avalara to Start Accountant Resource Center![]() Sales-and-use-tax vendor Avalara plans to open an Accountants Resource Center on its website next week. The center will provide free state tax forms and applications for exemption certificates, along with tools such as white papers and videos, including webinars. News | Bob Scott | Tuesday, 14 February 2012 |
Tax & Accounting Sparkles for Thomson in 2011![]() With the focus for Thomson Reuters for 2011 on cleaning up the mess in its former markets division, the Tax & Accounting business was a welcome bright spot for the company's results for the fourth quarter and year ended December 31. That segment produced a 17-percent increase in operating profits on a 14-percent rise in revenue for 2011 in what was the sixth consecutive quarter of double-digit growth of EBITDA for Tax & Accounting. News | The Progressive Accountant | Monday, 13 February 2012 |
Former IRS Employee Gets Almost Nine YearsThomas W. Richardson, a former Internal Revenue Service employee, has been sentenced to 105 months in prison for filing 29 individual tax returns for 2005 which claimed refunds of $7.9 million. Richardson, a resident of Mansfield, Texas, was also ordered to pay $30,649 in restitution. News | The Progressive Accountant | Friday, 10 February 2012 |
|
More in: News
|
About the Author: Brett Owens is CEO and Co-Founder of Chrometa, a Sacramento, Calif.-based provider of software that records activity in real time. Previously marketed to the legal community, Chrometa is branching out to accounting prospects; gains include the ability to discover previously undocumented billable time, save time on billing reconciliation and improve personal productivity. Brett is also blogger and founder at CommodityBullMarket.com and ContraryInvesting.com, as well as a regular contributor to two leading financial media sites, SeekingAlpha.com and BeforeItsNews.com. |