The news is that while some companies are trying to ditch their dot-coms and distance themselves from their dot-com stores, there are companies like NationTax.com that see the real trend. NationTax.com is launching not only to compete, but also to centralize information in order to compete in the next field on the web: Accounting. Accounting?
For the average tax payment, taxes get the best deductions you can to offset your earnings. For those in business, there are more complex tax issues, such as sales and use taxes, taxes for multiple jurisdictions, and reliable calculations. There are also issues such as auditing, helping to track lost revenue or misapplication of payments without proper compensation, and other accounting loopholes, through which profits are lost.
Major CPA firms such as Deloitte & Touche LLP, New York and Intacct Corp, Los Gatos, California, are understanding the need for cooperation, rather than trying to “corner the market.” How is that?
There are three main divisions right now of companies that pay taxes, basically created by employees on payroll. There are also three pioneers who are planning hard to meet the needs of all three financial tiers of taxpayers. David Thomas, CEO and founder of Intacct, said: “We are saying that if you put accounting on the Web, you can participate in the new economy. The Deloitte & Touche deal is the hallmark of credibility.” It certainly is. Having the D&T signature or seal of approval makes the desire 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 hiring to offer unique listed services like contract management, expense tracking, and electronic invoice submission.
This will allow Deloitte & Touche to continue serving employers with more than 1,000 employees along with the responsibility and needs of complex client / server IT issues. While Intacct will serve the mid-range of companies with 100 to 1,000 employees with functions such as management of audits, analysis, selections and confirmations of samples and exchange of information with one of the main CPA firms in the country. This means potential savings for your clients’ businesses of $ 50,000.00 to $ 150,000.00 on the software needed to get the job done.
While Deloitte & Touche currently sells software products to most customers with a strong customer support system available for troubleshooting, this sometimes requires the shipment of CDs, manuals, the customer support expense that more internet use can reduce. Sites with interactive programming and the ability to work on taxes until the last minute, the last hour of the last day will allow D&T to attend to the human nature that survives in the business world.
As NationTax.com approaches the race, Deloitte & Touche remains at the forefront, aware that legislation and movements toward paper reduction will force even the most hesitant to follow the trend of electronic filing.
It is to their credit to help a smaller company meet the need. Let’s hope they don’t end up with the company and buy it, like the now defunct FDSI in Agoura, California. I like to see smaller companies survive and prosper. I think they tend to give more back to the communities that encouraged their fledgling growth.
NetLedger, Inc, San Mateo, California, focuses on companies for which they pioneered web-based accounting, companies with employee counts of up to 100. The July 2000 edition was scheduled to be released with payroll, while they are trying to figure out how to add multi-currency capacity 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 backups and poor power supplies.
One of the newest kids on the block, who started in California and serves in Spanish, as well as moving to other states, as soon as they can, is efile.com.
© J. Deborah Coss
