Trends in Tax Ware

Trends in Tax Ware

The news is that while certain companies are trying to ditch their dot coms and distance themselves from their dot com stores, companies like NationTax.com are seeing the real trend. NationTax.com launches not only to compete, but to centralize the information to compete in the next field of the network: accounting. Accounting?

For the average taxpayer, taxes get the best deductions possible to offset their gains. For those in business, there are more complex tax issues, such as sales and use taxes, multi-jurisdictional taxes, and dependent calculations. There are also issues like auditing, helping to track lost revenue or misapplication of payments without proper compensation and other accounting loopholes, through which profits are lost.

Major public accounting firms such as Deloitte & Touche LLP, New York, and Intacct Corp, Los Gatos, California, are realizing the need for cooperation, rather than adversely trying to “corner the market.” How is that?

There are three main divisions right now of tax-paying companies, basically created by employees on the payroll. There are also three forerunners who are planning intensively to meet the needs of all three financial tiers of taxpayers. David Thomas, CEO and founder of Intacct, said: “We’re saying that if you put accounting on the Web, you can participate in the new economy. The deal with Deloitte & Touche is the hallmark of credibility.” It certainly is. Having D&T’s signature or seal of approval makes wanting to grow your customer base from 400 to 10,000 by the end of this year a conceivable transformation. They are also paving the way by contracting to offer singular services listed as contract management, expense tracking, and electronic invoice submission.

This will allow Deloitte & Touche to continue to serve employers with more than 1,000 employees along with the responsibility and IT needs of complex client/server transactions. While Intacct will serve the mid-range of companies with 100 to 1,000 employees with functions such as audit management, analysis, sample selection and confirmations, and information sharing with one of the leading CPA firms in the country. This means potential savings for your clients’ companies of $50,000.00 to $150,000.00 in software required to get the job done.

While Deloitte & Touche currently sells the software products to most clients with a strong customer support system available for problem resolution, this sometimes requires shipments of CDs, manuals, the expense of customer support that can further reduce Internet use. Sites with interactive programming and the ability to work on taxes right down to the last minute of the last day will allow D&T to cater to human nature surviving in the business world.

As NationTax.com gets closer in the race, Deloitte & Touche stays ahead, aware that legislation and moves toward paper reduction will force even the most hesitant to jump on the e-filing trend.

It is to your credit helping a smaller business to help fill the need. Let’s just hope they don’t kill the company off and buy it, like the now-defunct FDSI of Agoura, California. I like to see smaller businesses survive and thrive. I think they tend to give more back to the communities that encouraged their fledgling growth.

NetLedger, Inc, San Mateo, California, targets companies that pioneered web-based accounting, companies with employee counts of up to 100. Its July 2000 issue was scheduled to be published with payroll, while They are trying to figure out how to add multi-currency capability as part of their expansion into Europe. They continue to educate and help smaller businesses manage their data more securely and reduce losses due to lack of backup and poor power supply.

One of the newer kids on the block, starting in California and providing their services in Spanish, as well as moving to other states, as soon as they can, is efile.com.

© J. Deborah Coss

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