Financial Accounting Software

Davie, FL (PRWEB) January 29, 2008 — Maverick CPA reveals silent pact between bankers and taxman could cost you your home and bury you under a mountain of debt, while lining the bank’s already massive profits and increasing the revenue of the IRS.

Real Estate Investing has never been more hazardous to the financial well being of investors. Your Banker and the Taxman have taken a vow of silence that threatens to wipe out the real estate portfolios of many investors who are faced with foreclosures.

Real estate sales have dropped by 13.8% in 2007. The sub prime debacle has cost an estimated $300 billion with no sign of stopping.

The median home price in a six-county region of Southern California plunged more than 13 percent in December from the same month a year ago, as the national housing slump kept eating away at home values.

All this puts pressure on real estate investors who may have taken advantage of low “teaser” rates, cash-out refinancings, zero-down loans, ‘negative amortization loans’, and other ‘creative’ financing options.

The national foreclosure rate has skyrocketed. The country is so close to recession that the Federal Reserve recently slashed interest rates in a vain hope to stem the tide.

So what do you do when the buyers disappear, prices plummet, rates shoot up, and you can’t afford the mortgage? According to Bill Tyler of Certified Tax Experts, many people walk away from their properties and let the bank ‘fix’ it. Pro-active property owners try to renegotiate with the lender, often turning over the property to the bank in exchange for the bank forgiving the outstanding loan.

“Both options can put you into debt, foreclosure, bankruptcy or even worse,” says Tyler. “The first thing I counsel my clients, is that you did what you thought was best for your future and the future of your family. It did not work out, but beating yourself up about it won’t help. We need to recognize where we are and move from there.”

Unfortunately, according to Tyler, being proactive can almost be worse than doing nothing.

Often when a property owner faces foreclosure, he will negotiate with his banker to give up his house along with a cancellation of debt. So if the bank sells a house with a $200,000 mortgage for $150,000, the owner does not owe the bank the outstanding $50,000. The bank cancels the debt and writes it off against profits.

Sounds like a great deal to the poor distressed owner. Until a few months later when the IRS informs him that that $50,000 debt he did not have to pay the bank is considered taxable income. In effect, his income went from a national average $45,000 to $95,000 and he never saw the money.

This is outrageous, according to Tyler. Your banker quietly crosses his fingers hoping you will sign his forms, knowing full well you will be stuck with an onerous debt you may never repay. And since you now owe the IRS, not the lender, bankruptcy is no longer an option.

The problem, says Tyler, is that your Banker and the Taxman know the rules of the game but most investors and home owners don’t. He has spent the past three years developing accounting strategies that allow investors to structure their real estate assets so that the outstanding $50,000 debt becomes an expense for income tax purposes, not income.

Tyler’s advice? If one starts falling behind in mortgage payments, don’t wait to get help. There are many competent professionals who can give solid advice and recommendations. Learn the rules of the game and put in place strategies to keep the bankers and taxman at bay.

Louisville, KY (PRWEB) January 29, 2008 — The champagne has barely lost its chill from ringing in the New Year, but already small business owners are stressing over the looming tax season. But 2008 should be a year to celebrate for those who hate to do taxes and get overwhelmed by accounting and payroll headaches, thanks to newly revamped payroll software from ezPaycheck.

“We intentionally engineered this software for those end-users who are not professional accountants and payroll tax experts,” explains Dr. Mark Ge, President and Founder of ezPaycheck. “You don’t even need to have much knowledge of computers. We believe small business software should be simple - stupid simple - so that owners can focus their time and energy on running their businesses, not trying to figure out how to run payroll software.”

The affordable, super-simple, custom streamlined payroll and tax software - available at http://www.halfpricesoft.com/index.asp - was designed with direct input and guidance from those who use it “in the trenches” every day. The newly upgraded version of the already popular product was updated with new state and federal tax tables, plus other intelligent changes recommended by customers.

“We believe payroll and tax software should be designed for the non-technical people who are actual end-users,” explains Mark Ge, President and Founder of ezPaycheck. “We always keep in mind that our customers are small business owners, not computer whizzes or financial gurus. But that makes them the best possible people to listen to when designing payroll software, so we include them as members of our design team.”

2008 features based on recent customer feedback include fresh new report formats, label changes, and the elimination of minor report display and printout “bugs”. The software can be used to report employee wages and salaries to federal, state, and local agencies, with a duplicate copy for the employee. Users also now have the option of manually adding local tax information for jurisdictions such as California, where this is particularly important.

A sample company database eliminates the need for configuration of the software. You simply install it and it is automatically ready to print the first sample check, on either blank computer checks or preprinted checks. The payroll software automatically calculates Federal Withholding Tax, Social Security, Medicare Tax and Employer Unemployment Taxes, and includes built-in tax tables for all 50 states and the District of Columbia.

With ezPaycheck you can also simultaneously manage payrolls for multiple companies. Thanks to this multi-tasking feature, ezPaycheck software is even used by professional accountants to help process multiple client workloads at the same time. Best of all, the company offers a 30-day free trial. No registration is required and there is absolutely no obligation, giving business owners a good reason to continue celebrating all year long.

Pittsburgh (PRWEB) February 21, 2008 — Small business owners will be able to process their payroll from start to finish with a faster, more accurate and less expensive approach through an online payroll service now offered by PNC Bank.

Employee pay can be the single largest payment that a small business will make on a bi-weekly or monthly basis. With PNC Online Payroll, small business owners can enter payroll information, access detailed tax reports and calculate paychecks instantly to pay employees at any time and from any location where Internet access is available. It also simplifies payroll tax filing by automatically calculating all payroll taxes and sending users e-mail reminders when payroll tax filings are due, enabling easy electronic payment and filing. The service, provided by PayCycle®, allows most small business owners to run payroll in less than six minutes.

In addition, PNC Online Payroll is a complete solution that offers small businesses:
* Direct deposit at no additional charge
* Option to pay employees via paper checks
* Employment tax support
* Free W-2 processing
* Employee access to electronic pay stub information
* Detailed payroll reports
* Integration with popular business accounting software packages, such as QuickBooks, Quicken, Peachtree and Microsoft Money
“The adoption rate of online banking services is growing, and small businesses continue to look for ways to operate more efficiently - especially in managing their cash flow,” said Jeffrey Schmidt, who oversees PNC’s small business banking division. “The introduction of a faster, more convenient and cost-effective service to manage and execute the payroll process gives small business owners another innovative opportunity to automate their day-to-day back-office tasks so they can spend more time on building their business.”

PNC Online Payroll provides an affordable payroll solution to small business owners for $39.99 per month for up to five employees with an added $1.99 per month for each additional employee. Accessed through a protected online banking site, it is another example of PNC’s use of technological advances for customer solutions. In 2006, PNC launched a remote deposit service to simplify small business accounts receivables duties and to minimize branch visits.

With over 60,000 small businesses on the PayCycle service, PayCycle is America’s #1 online payroll service. PayCycle’s unique “Do-It-With-YouSM” (DIWYSM) technology platform guides customers through the entire payroll process from paychecks to W-2 forms. By integrating with leading small business accounting packages, PayCycle eliminates the hassle of data re-entry. PayCycle is committed to providing outstanding customer service and since its founding in 1999 has received numerous awards and was recently named a finalist for the 2007 American Business “Stevie” Award for “Most Innovative Company” and “Best Customer Service.”

PNC Bank is a member of The PNC Financial Services Group, Inc. (NYSE: PNC), which is one of the nation’s largest diversified financial services organizations providing consumer and business banking, including specialized services for small business owners, such as online payroll services; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.

Extensive industry expertise gives financial technology company new edge.

Austin, TX (PRWEB) March 8, 2008 — CBG Holdings, Inc. today announced the appointment of Tom Shen to its board of directors and also as the company’s Chief Strategy Officer. Shen is a veteran financial services industry technology executive. CBG Holdings, Inc. is the holding company for Q2 Software, Cardinal Software and CBANC Network, all providers of technology solutions designed to make financial institutions more competitive against money center banks.”

Tom has an exceptional track record of building superior products, providing top-tier customer support and forging relationships within the financial services space,” said CBG Holdings, Inc., Chairman R.H. “Hank” Seale III. “As we continue to grow at a record pace, Tom’s unique experience and wisdom will be instrumental in our strategic direction.”

Before joining CBG Holdings, Inc., Shen most recently was EVP of Product, Engineering and Operations for Digital Insight, recently acquired by Intuit (NASDAQ: INTU), a provider of Internet banking services. Prior to Digital Insight, he was chairman, CEO and president of Software Dynamics, Inc. (SDI), where he guided the direction and architecture of SDI’s suite of front office products for financial institutions - teller, platform, call center and CRM. When he sold the company to S1 Corporation in 2001, he had shepherded the expansion of the company’s client base to more than 1,000 financial institutions worldwide. ”

The opportunity to contribute in an entrepreneurial organization that focuses on people, delighting customers and building innovative products is why I joined CBG,” Shen explained. “This is going to be an excellent opportunity to collaborate with Hank and his team to continue to change the way financial institutions interact with their technology partners. I am genuinely excited and look forward to adding to the success the team at CBG has built over the past three years.”

About CBG Holdings, Inc.
R.H. “Hank” Seale III founded CBG Holdings, Inc. in 2006. Among its current holdings are Q2 Software, a provider of Electronic Banking Solutions; Cardinal Software, a provider of core and platform solutions; CBANC Network, an online resource linking member banks across the nation to a wide range of services. The mission of CBG Holdings, Inc. is to strengthen community financial institutions by providing the technology, channels and opportunities for unprecedented strategic collaboration.

Gaining recognition in the World of Learning Innovation Awards helped Image Dynamics land business across the world - particularly in the USA and Denmark. They now want to build on this success by developing new innovative learning environments for young people and seeking support from the business community through a partner or investor. Our innovative learning spaces will enable users to interact with digital media outside of the PC environment creating a new dimension in learning.

Coventry, UK (PRWEB) March 10, 2008 — Image Dynamics™ uses digital media technologies to accelerate learning performance by applying positive psychology with animated images, words and sound to help people get in the right frame of mind to think laterally and develop key skills such as creativity, problem solving and knowledge creation.

Recognition gained from the World of Learning Innovation of the Year Awards helped the firm to land business across the world - particularly in the USA and Denmark - they now want to create a new research spin off company which designs and develops innovative interactive learning environments for young people.

“Having established ourselves with several corporations, we are now seeking investors and partners to join our research programme. We intend to combine the Image Dynamics™ learning process with cutting-edge digital interactive technologies. This will create a new direction in learning as the user engages in 3D learning spaces outside of the PC environment. The learning spaces would be installed in museums, libraries, schools, colleges, universities and the home.”

Image Dynamics™ acts as a catalyst for developing a receptive learning state and accelerates learning performance. As a pre-learning process it helps individuals and teams change their learning from a transactional process to a transformational learning experience. It’s flexibility means that it can be applied to existing training/educational programmes, helping individuals and teams to develop innovative ideas/solutions, change behaviours, create transformational change and help develop performance skills.

Bound said, “We are encouraged by the positive response we have had from organisations who already use our learning process world wide. By combining our learning process with cutting-edge digital media technology we intend to create an even more powerful and engaging process, stretching the boundaries of learning.” Bound has already started his research through an MA in Design & Digital Media at Coventry University.

Bound said “Image Dynamics have now a in team place to take our research plans to fruition, however, we need a partner or invester to join this exciting venture and turn it into a reality. Although we have had some preliminary talks with organisations in the USA and UK we anticipate more interest will be generated around the world during the next few weeks. We are confident that a deal can be done by June 2008 and are looking forward in taking the next step in creating a platform for 21st century learning.”

Image Dynamics™
We leverage interactive digital media to accelerate learning performance for education and corporate training. We offer a complete design and an innovation consultancy service to organisations. We also present our innovative learning processes through corporate interactive seminars, workshops and speaker engagements at international conferences.

For more information check out the interactive web site at www.image-dynamics.co.uk

Image Dynamics™ - Call now for more information:
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