This paper therefore seeks to identify strengths and weaknesses of smart phone tax application and its equivalence in the market specifically (Thomson Reuters).
Tax filing process is the new technology that is faced with major challenges and now is embraced in smart phone platform to simplify and ease the amount of time and resources involved.
Many organizations feel that tax benefits are incredible if incorporated in their businesses, but majority do not take the advantage of emerging technologies to cut down on costs. However, to record good amount in yearly taxes, organizations may be forced to employ simple techniques that boost use of resources and effect rate of revenue utilization. In the vast technology world, firms and companies invest heavily on network and internet based facilities helping them work efficiently and effectively while reducing costs involved. They ignore money and time spent on tedious process of reporting on taxes.
In the network marketing industry, businesses can create great income by cashing in on tax benefits available to them. An application like Deductr makes it possible, easy and simple for any business entity to get tax br...
... middle of paper ...
... and the vast population is not represented in the phone industry. An investment in developing the other forms therefore will come to the rescue of the mimic in the technology market while boosting variety of services offered by Thomson Reuters.
Duncan, H. T. (2006). Preparing Your Taxes; Federation of Tax Administrators
IRS (2005). Department of the Treasury, Internal Revenue Service, 26 CFR Parts 1 and 301:
Returns Required on Magnetic Media
IRS (2008). Achieving The 80% E-File Goal Requires Partnering With Stakeholders On New
Approaches To Motivate Paper Filers. Advancing E-file study.
Sandra Block, (2011). IRS application news USA TODAY. Available at:
Thomson Reuters, (2011). History page. The achievements and history of Thomson Reuter
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