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Software Functionality Revealed in Detail
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 tax deductions


SmartStream Human Resources & Payroll
SmartStream HCM is an HCM solution that offers the following functionality: Payroll and taxation administration capabilities, which can help ensure

tax deductions  federal, state/provincial, and local tax compliance and reporting requirements are met. Direct access to payroll data via inquiries and reports Integration with Infor's financial management solutions Support for net-to-gross and gross-to-net calculations with results displayed online Support for a range of voluntary deductions including medical, charitable donations, union dues, and retirement plans Support for direct deposits; earned income credit (EIC) payments; tracking of earnings such as vacation,

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Documents related to » tax deductions

Workforce Ready Suite-Kronos’ SMB Growth Engine


Amid the fever pitch of the MLB 2013 Playoffs, Kronos Inc.’s 2012 acquisition of SaaShr appears to be a grand slam hit. The cloud workforce management offering for small to medium businesses (SMBs) has instantly brought several thousand SMB customers to Kronos (and given the giant vendor a much larger foothold in the coveted lower-end of the market, see here), resulting in double-digit annual

tax deductions  offers an additional payroll tax compliance solution from Business Software Inc. There is no shortage of competition in the SMB HR, payroll, and workforce management space. In addition to Insperity and the traditional service bureaus— ADP , Ceridian , Paychex , and Ultimate Software , there are dozens of smaller vendors with various capability levels such as TriNet . Kronos attributes Workforce Ready's rapid adoption to the following two reasons: Very few of these competitors offer a complete and fully Read More

Top 10 Considerations When Changing Payroll Software


When choosing a payroll software vendor, there are numerous considerations that must be taken into account when narrowing down the choices. Obviously, you have to decide on a software that meets your needs within budget. However, it’s just as important to consider the other factors that can make a huge impact on the overall success of your payroll software selection.

tax deductions  deductions, EFTPS (Electronic Federal Tax Payment System) support, and electronic media reporting for all states. 6. Integration Capabilities It's important to think about the ability of the payroll software to integrate to the HR and general ledger software used by the company. In particular, consider the benefits of choosing a payroll system that includes integrated HR functions as a built-in or optional component. Payroll, HR, and accounting functions have tremendous overlap and sharing the data Read More

The move to IFRS and XBRL


IFRS is an accounting standard dealing with global financial reporting. XBRL is an electronic language describing financial data according to global standards. This article describes why IFRS will displace GAAP in the US and the link between IFRS and XBRL.The move to IFRS and XBRL Why are governments moving to International Financial Reporting System (IFRS) and extensible business

tax deductions  as companies could submit tax returns and communicate with the government in a standardized manner Corporations could send invoices, sales orders, and other financial documents in this standard language, eventually displacing electronic data interchange (EDI) Individuals would be able to do direct electronic submission of their tax claims with the government Auditors would be able to benefit by having a single interpretation of IFRS-based information Enter XBRL Though extensible markup language (XML) was Read More

NetSuite Tackles Cloud Payroll


NetSuite announces NetSuite Premier Payroll Service, empowering multi-site enterprises in the U.S. to have improved efficiency, visibility, and flexibility in managing their payrolls.

tax deductions  service automates all payroll tax filings with U.S. federal, state, and local jurisdictions and streamlines creation and delivery of year-end Form W-2 and Form 1099-MISC.   Cloud software companies such as NetSuite, Ultimate Software , and Paylocity might be able to make a go of it in payroll. If they provide cost-effective managed services with employee self-service capabilities, the per-customer cost could be lower than that by those traditional powerhouses. ADP has rolled out its own cloud payroll Read More

Case Study: Fixed Asset Problems Become Yesterday’s News for The Washington Post Company


The Washington Post Company (WPC) needed a system to manage tax and asset depreciation from 25 companies, while allowing each company to independently add fixed assets and generate reports. With more than 100,000 fixed assets throughout the company, this was no minor task. But with the new Web-hosted fixed assets management solution, WPC accesses all data in real time, saving time and ensuring accuracy. Find out how.

tax deductions  a system to manage tax and asset depreciation from 25 companies, while allowing each company to independently add fixed assets and generate reports. With more than 100,000 fixed assets throughout the company, this was no minor task. But with the new Web-hosted fixed assets management solution, WPC accesses all data in real time, saving time and ensuring accuracy. Find out how. Read More

Perfect HCM


Perfect HCM is a comprehensive human capital management solution that empowers you to drive workforce productivity and business growth within your organization. By effectively managing core human resource functions (HR & Benefits Management, Payroll & Tax Mangement and Time and Attendance) and strategic talent management functions (Applicant Tracking, Performance Management and Learning Management), you can reduce administrative costs, eliminate error-prone HR processes, attract, develop and retain higher quality employees and improve organizational planning and decision-making. The Perfect HCM suite is web-based, fully integrated and features highly intuitive user interfaces and workflows, flexible configuration, single sign-on accessibility, robust reporting, analytics and automated alerts. The suite is delivered as Software-as-a-Service (SaaS), so no incremental hardware investment or in-house technical maintenance is needed.  

tax deductions  Benefits Management, Payroll & Tax Mangement and Time and Attendance) and strategic talent management functions (Applicant Tracking, Performance Management and Learning Management), you can reduce administrative costs, eliminate error-prone HR processes, attract, develop and retain higher quality employees and improve organizational planning and decision-making. The Perfect HCM suite is web-based, fully integrated and features highly intuitive user interfaces and workflows, flexible configuration, single Read More

SuiteWorld 2014: NetSuite’s Cloud Ebullience Goes On


“NetSuite is the real deal in the enterprise applications space”—the main message of the recent SuiteWorld 2014 conference—was proven by CEO Zach Nelson during his keynote speech citing recent growth figures in the enterprise cloud software space. The company experienced over 50% growth last year, compared to a modest 5% for Microsoft Dynamics and a measly 1% for Sage, while SAP was even negative 1% if one considers just ERP software license growth.

tax deductions  has its own flexible tax engine—while Avalara or Vertex can handle only some special niche requirements (e.g., luxury goods tax in New York) or e-filing for taxes if necessary, NetSuite can do both value added tax (VAT) and state sales taxes in the U.S. (though local partners must take care of taxes in places like Brazil or India, where it gets very tricky).   Regardless of size, the challenges are basically the same for all companies in the realms of professional service automation (PSA), customer Read More

Made2Manage Manages Throughout Soft Market


While Made2Manage reported a slim profit attributed mainly to a tax benefit, the latest revenue increase and a delivery of innovative initiatives might augur for the company’s return to more consistent profitability and prevailing over the current market malaise.

tax deductions  effect of a favorable tax rate adjustment, compared to $596,000 in Q2 2000. The effect was to record an additional tax benefit of $655,000 in the current quarter, which resulted in $514,000 net income (See Figure 1). Figure 1. We were pleased with our second quarter performance, which was in line with our expectations, said David B. Wortman, CEO. We continue to anticipate a return to profitability in the second half of the year. Revenue growth was strong in a weakened economy, reflecting the addition Read More

Tax Compliance and the ERP System: Eliminate Error and Ensure End-to-end Compliance


A properly deployed ERP system handles tax compliance with accuracy and reliability, offering flexibility and functionality as your business grows. Learn more in this white paper about tax compliance in ERP systems and how automating tax management can save your organization time, energy, and money in the long run.

tax deductions  deployed ERP system handles tax compliance with accuracy and reliability, offering flexibility and functionality as your business grows. Learn more in this white paper about tax compliance in ERP systems and how automating tax management can save your organization time, energy, and money in the long run. Read More

Docusign Selects NetSuite OneWorld


DocuSign, Inc., a provider of digital transaction management (DTM) solutions, recently selected NetSuite OneWorld to manage its operations across the US, the UK, Australia, and Brazil, to realize real-time financial consolidation, global business operational efficiency, and streamlined revenue recognition.

tax deductions  19 languages, and automated tax compliance in more than 50 countries, NetSuite OneWorld can help DocuSign manage its core business operations including financial consolidation, revenue recognition, multicurrency, multilanguage, and tax compliance across five subsidiaries in four countries. DocuSign also expects to streamline critical business processes by integrating NetSuite OneWorld with other cloud solutions, including Concur 's time and expense (T&E) management, salesforce.com 's customer Read More

Sales Tax Audit Survival Guide


Find out in the practical survival guide. managing transaction tax audit risk.

tax deductions  Tax Audit Survival Guide Beware. In California, state auditors are literally going door-to-door to find businesses that aren't properly paying sales tax. Massachusetts and Washington State have hired scores of new tax collectors—and audits are way up across the country. Every state in the Union is seriously strapped for cash, and guess who they're going after—you . And the more tax jurisdictions you do business in, the more likely you are to get sales tax audited. Given there's a big red target Read More

SuccessFactors November 2013 Release


Whenever I see a new release from vendors such as SAP SuccessFactors I think of current and future SuccessFactors customers and how they can best benefit from the new functionality. I try to put myself in their shoes to understand how the November '13 added features can help both employees and human resources (HR) professionals. Also, there are a few questions that ensue when taking a look at the

tax deductions  November 2013 Release Whenever I see a  new release  from vendors such as SAP SuccessFactors I think of current and future SuccessFactors customers and how they can best benefit from the new functionality. I try to put myself in their shoes to understand how the November '13 added features can help both employees and human resources (HR) professionals. Also, there are a few questions that ensue when taking a look at the discussed functionalities: Offline Learning for iPad : This is good Read More

SciQuest Introduces New Supplier Risk Compliance Module


The latest version of SciQuest’s cloud-based spend management automation suite introduces a new Dynamic Qualification and Risk Compliance module for Total Supplier Manager (TSM) that helps customers enhance supplier management capabilities.

tax deductions  Thomson Reuters’ ONESOURCE (Sabrix) tax software solutions and other tax calculation improvements. Additional numerous improved capabilities for the suite aim to help SciQuest customers turn spending into a strategic source of savings, such as improved workflow and enhanced Q&A functionality for Advanced Sourcing Optimizer customers.   The aforementioned Dynamic Qualification and Risk Compliance module was developed in house. SciQuest took what it learned from the 2011 AECSoft acquisition and Read More

Workday Becoming a Global Financial Management Software Provider


In a slew of announcements at the recently held Workday Rising 2012 user conference, one major theme has been that Workday, the cloud software company that initially started with providing human resource management system (HRMS) and which later added payroll software, now has 40 financial management customers as well (10 percent of its customer base). Most recently, the roster of Workday Financial

tax deductions  the following: Enhanced global tax and payment support gives customers the ability to support partial tax recoverability and tax regimes with mixed recoverable and non-recoverable tax rates, while enriched international payment formats provide greater and more efficient reach to different regions, divisions, and business units. Expanded reporting using Worktags on dimensions such as Division or Business Unit provides even more flexible real-time reporting for multinational organizations. Worktags are Read More