Expanding into cyberspace.

Journal of AccountancyVol. 190 Nbr. 3, September 2000

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Summary


Tax preparation software

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Expanding into cyberspace.

A booming market in transition.

Get ready, tax accountants, practically every aspect of the tax preparation field is changing. In fact, it's evolving into a totally new market and business. First of all, the number of tax software brands is shrinking, leaving thousands of CPAs tax software orphans with fewer replacement products to choose from. And while the number of brands declines, the market expands into cyberspace as, slowly but surely, accountants begin to abandon their annual ritual of loading the latest tax CDs onto their computers. Instead, they're logging onto Web sites and preparing taxes online. And despite nearly unanimous earlier forecasts that the business of tax preparation was static...

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