Abstracts

Business

Search abstracts:

Comprehensive IRS collections data on CCH Tax Assistant

Article Abstract:

CCH Tax Assistant for IRS Collections is a program for tax preparers. By combining comprehensive databases and powerful research capabilities with form-writing options, this software enables tax practitioners to research, document and prepare any correspondence or compliance, thereby allowing them to identify and make use of the best approaches in tax preparation. The main menu of IRS Collection has three parts. The first part enables the user to encode all significant information for the research project. The second part contains the research modules, such as the Choice of Strategy module and the Collect Financial Information module. The third part of the main menu, on the other hand, contains seven menus covering such topics as bankruptcy and tax discharge, installment agreements, liens and levies, nonfiler representation, compromise offers, penalty and interest abatement, and trust fund recovery penalty. The one-year price for the software is $795.

Financial & Acctg Software Pkgs

---

AICPA position permits greater deferrals of software revenue

Article Abstract:

The American Institute of Certified Public Accountants (AICPA) has launched Statement of Position (SOP) 97-2, Software Revenue Recognition, which is a new pronouncement that altered some of the provisions in SOP 91-1 even as it also seeks to address particular practice issues. Applicable to all entities that license, sell, lease or market computer software, SOP 97-2 aims to guide software firms regarding when and in what amounts revenue must be recognized for their activities. When adopted to aid financial reporting, SOP 97-2 may give rise to the deferral of accounting revenue. It may also help eliminate uncertainties in prior guidance for revenue reporting while firming up standards for revenue reporting. However, software firms may have to alter the way they structure software transactions if SOP 97-2 were to be adopted.

Computer Software, Standards, American Institute of Certified Public Accountants

---

CLR Professional Software makes depreciation easier

Article Abstract:

CLR Professional Software recently launched a new computer program intended to make depreciation calculations easier and more efficient for tax planners. The product, the Depreciation System (DE), is also designed to enable users to plan for the needs and objectives of their clients. It offers more than 20 depreciation techniques and several report formats. It can produce an asset-retirement-to-date report, an asset-placed-in-service report, a depreciation report and a depreciation-comparison report. DE can be fully integrated with other CLR products, such as the Tax System and Financial Reporting. It is therefore possible for tax consultants to easily maintain a complete fixed-asset system for their clients. DE has a price tag of $395 for a single user and $595 for a site license.

Financial, Acctg Software Pkgs (Micro), Product/Service Evaluation, Product introduction, CLR Professional Software, Depreciation System (Tax preparation software)

Similar abstracts:

• Abstracts: Consumer perceptions of product variants positioned on atypical attributes. New product launch strategy for network effects products
• Abstracts: The market reaction to changes in compensation contracts: a review of the evidence. Effect of risk on the use of performance-contingent compensation
• Abstracts: Automating the process only makes things easier in the long run. Study sales process before automating
• Abstracts: Tax-effective ways to cut retirees' health care costs. Minimizing NOL limitations after an ownership change. Medical group mergers require plan restructure

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.