Chapter 16 Blog

http://www.canada.com/Technology/software+battle+looms+Block+enters/1206095/story.html

Summary:
This article talks about how Canada's QuickTax has encountered a competitor, H&R Block Canada Inc. H&R Block had been focusing on retail tax, preparing two million tax return a year in 1200 retail outlets. H&R also offered an online version of the taxing software, and it allows people do to their taxing filing themselves. Between 2007-2008 Do-It-Yourself fillings went up 5%, while electronic filing was up 9%, and old style filing has gone down 3%. The software can prepare up to 16 tax returns. It also allows the user the users, who thinks their tax return is more complicated than expected can get help from the H&R Block office, where a specialist can help you check over your tax return for $39.95.

Connection:
The connection between this article and the chapter is the tax return/deductions. Employees are hired with the understanding that they will be paid a certain amount per hour, week or year. However, they get deductions off their payrolls before the employee actually gets paid. These deductions are taxes. Income tax is a tax that you deduct based on, the employee's contributions to a registered pension fund or plan, union dues, deduction for living in a prescribed area, and deductions authorized by the district office. Income tax has to be paid every year. There is a specific date each year in which all income tax must be paid. This year the date is April 30th.

Reflection:
I think that making an online software will make everyone much happier. By making an online software to do your tax refunds, it can be done at anytime you want. Although the bad thing about this is that, you don't have someone there to answer the questions you have right away. I think this software will help a lot of people who do not own a car or they were busy and you had to hand in your taxes the next day, the online filing would be more convenient. At this time, I do not have a job yet, so I do not have to pay income tax, but when I do, I think I would do the online filing because of its convenience.