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XBRL U.S. GAAP Tags Now Aligned to FASB Accounting Codification

The XBRL U.S. GAAP Taxonomy has been updated to reflect the FASB Accounting Standards Codification and is effective for interim and annual periods ending after Sept.15, 2009, FASB and XBRL US announced Tuesday.   The codification, which became effective July 1, reorganizes thousands of U.S. GAAP pronouncements into roughly 90

Tax Software Survey: TaxWorks

Click here for a PDF of detailed survey responses for TaxWorks. Tax program name TaxWorks Vendor name RedGear Technologies Inc. Telephone 800-230-2322 E-mail address sales@taxworks.com Web site taxworks.com Price on Federal 1040 $1,095.00 Is this an increase from last year? By how much? No Renewal price $1,095.00 State price $260.00

Tax Software Survey: UltraTax CS

Click here for a PDF of detailed survey responses for UltraTax CS. Tax program name UltraTax CS Vendor name Thomson Reuters Telephone 800-968-8900 E-mail address CS.Sales@thomsonreuters.com Web site cs.thomsonreuters.com Price on Federal 1040 $2,250 Is this an increase from last year? By how much? Yes, $50 Renewal price $1,960 State

Tax Software Survey: ProSystem fx Tax

Click here for a PDF of detailed survey responses for ProSystem fx Tax. Tax program name ProSystem fx Tax Vendor name CCH, a Wolters Kluwer business Telephone 800-739-9998 E-mail address sales@prosystemfx.com Web site cchgroup.com Price on Federal 1040 $3,585 Is this an increase from last year? By how much? Yes

Tax Software Survey: TaxACT 2009 Preparer’s 1040 Edition

Click here for a PDF of detailed survey responses for TaxACT 2009 Preparer’s 1040 Edition. Tax program name TaxACT 2009 Preparer’s 1040 Edition Vendor name 2nd Story Software Inc. Telephone 800-573-4287 E-mail address support@TaxACT.com Web site taxact.com Price on Federal 1040 $119 Is this an increase from last year? By

Tax Software Survey: TaxSlayer Pro

Click here for a PDF of detailed survey responses for TaxSlayer Pro. Tax program name TaxSlayer Pro Vendor name TaxSlayer Pro Telephone 888-420-1040 E-mail address sales@taxslayerpro.com Web site taxslayerpro.com Price on Federal 1040 $895 Is this an increase from last year? By how much? No Renewal price $795 (Early renewal

Tax Software Survey: TaxWise Complete Tax and Accounting

Click here for a PDF of detailed survey responses for TaxWise Complete Tax and Accounting. Tax program name TaxWise Complete Tax and Accounting Vendor name CCH Small Firm Services Telephone 800-775-9473 E-mail address Eriana.Rivera-Rozo@cchsfs.com Web site taxwise.com Price on Federal 1040 $3,625 (includes e-filing, all tax modules, all states, accounting

2009 Tax Software Survey

The JofA and The Tax Adviser surveyed our readers to determine what they liked and did not like about their tax preparation software. The survey was conducted in late June and early July and received 9,776 responses. Below are results showing how many respondents used each product and overall ratings by

Tax Software Survey: Drake Software

Click here for a PDF of detailed survey responses for Drake Software. Tax program name Drake Software Vendor name Drake Software Telephone 800-890-9500 E-mail address Sales@drakesoftware.com Web site drakesoftware.com Price on Federal 1040 $1,395 (with early season discounts as low as $995) Is this an increase from last year? By

Tax Software Survey: GoSystem

Click here for a PDF of detailed survey responses for GoSystem. Tax program name GoSystem Vendor name Thomson Reuters Telephone 800-968-8900 E-mail address CS.Sales@ThomsonReuters.com Web site cs.thomsonreuters.com Price on Federal 1040 Starting at $2,900 Is this an increase from last year? By how much? No Renewal price Starting at $2,900

Tax Software Survey: ProSeries Professional

Click here for a PDF of detailed survey responses for ProSeries Professional. Tax program name ProSeries Professional Vendor name Intuit Inc. Telephone 800-934-1040 E-mail address APD_Sales@intuit.com Web site www.proseries.com Price on Federal 1040 $1,399.00 Is this an increase from last year? By how much? Yes, $100.00 difference Renewal price Same

Tax Software Survey: TurboTax

Click here for a PDF of detailed survey responses for TurboTax. Tax program name TurboTax – for Individual Consumer Use Vendor name Intuit Inc. Telephone 800-624-8384 E-mail address Submitted via TurboTax.com Web site Web site www.turbotax.com Price on Federal 1040 $74.95 Is this an increase from last year? By how

Tax Software Survey: ATX 1040 Office

Click here for a PDF of detailed survey responses for ATX 1040 Office. Tax program name ATX 1040 Office Vendor name CCH Small Firm Services Telephone 800-728-9776 E-mail address sales@atxinc.com Web site www.atxinc.com Price on Federal 1040 $635.00 Is this an increase from last year? By how much? No Renewal

Tax Software Survey: TaxSimple

Click here for a PDF of detailed survey responses for TaxSimple. Tax program name TaxSimple Vendor name TaxSimple Telephone 973-989-8955 E-mail address jvora@taxsimple.com Web site taxsimple.com Price on Federal 1040 $100 – $695 Is this an increase from last year? By how much? No Renewal price $100 – $695 State

Two Better Ideas

Ali Allison, CPA, tax practice manager at Singer Lewak LLP in Los Angeles, had some useful ideas about the Tech Q&A item “Generate Duplicate Changes in Multiple Excel Worksheets,” which appeared in the December 2008 issue, page 104. The article is about keeping several similarly laid out spreadsheets along with

Combine Data From Multiple Cells

Q: I have an inventory-tracking problem. We record the inventory in our retail stores with Excel. Each item is identified with three sets of numbers. For example, a three-digit code (248) indicates the store’s identity, another three-digit code (564) signifies the department, and a four-digit code (1223) is for the

How to Leverage Social Networking

When the IRS announced in June that it would launch a review of tax return preparers, the Maryland Association of CPAs (MACPA) spread the word to its members with a news item on the association Web site. But it didn’t stop there. The association posted the IRS news on its

Enlist Excel’s Fill Handles to Save Time

Q: I have a problem with Excel’s fill handle: All I want to do is drag the fill handle so that it fills every other row with a value (1, 2, 3, 4, etc.)—leaving one blank cell in between each incrementing value. It seems so simple, but the solution eludes

Windows 7: The Good and Not-Quite-So-Good News

The good news is that the beta, or so-called Release Candidate, of Windows 7, is available as a free download. I took the plunge and within minutes I exclaimed: “Wow, this operating system is so easy to use. It actually feels like a Mac.” Aside from zipping along far faster

Auditing

  The AICPA’s Auditing Standards Board issued Statement of Position (SOP) 09-1, Performing Agreed-Upon Procedures Engagements That Address the Completeness, Accuracy, or Consistency of XBRL-Tagged Data. This interpretative SOP, drafted with the assistance of the XBRL Assurance Task Force of the AICPA Assurance Services Executive Committee, provides guidance regarding the

FROM THIS MONTH'S ISSUE

AI risks CPAs should know

Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.