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A New $99 Tax Advisory Service for the Masses

12/30/2018

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 The only sure things in this life, according to Ben Franklin, are death and taxes. And a new startup called Visor has just raised $9 million in financing to make one of them as painless as possible.

Unlike Dr. Jack Kevorkian (remember “Doctor Death”), Visor won’t kill anyone, but it may ring the death knell for the high-end tax advisors that most Americans can’t even access to get help filing and paying their taxes.  It’s like having a personalized accountant for the cost of a high-end do-it-yourself tax-prep service.

The $9 million Visor raised came from the venture capital firm, Defy, with participation from Unusual Ventures, SVB Capital and existing investors like Obvious Ventures, Fika Ventures, and Boxgroup, who had put a previous $6.5 million into the company. 

The idea for the company had been percolating for co-founder and chief executive Gernot Zacke since he settled in the U.S. 

Growing up in Sweden, Zacke was exposed to a much different process for paying taxes. “The experience of filing taxes in Sweden is that you receive a message from the government that stated how much you made and how much you were withholding. That’s it,” said Zacke. “Taxes should be as easy as ordering a cab.”

That’s the service that Visor aims to provide.

“If you think about the market there are two ways to get your taxes done. There’s the DIY space, and then there are other online services, but it requires the taxpayer to fill out the forms, and it leaves the taxpayer with a little bit of anxiety,” said Zacke. “We’re delivering the CPA experience through the convenience of a web app and a mobile app.”

On average, Americans spend about 13 hours each year dealing with taxes, and the average American doesn’t have the benefits of a professional advisor who can help optimize the process. That’s what Visor wants to provide.

“You provide the same amount of information you provide to a CPA or TurboTax… we make sure that that information is filed securely on AWS and shared between the docs and the backend,” said Zacke. 

The target customers for Zacke’s services are folks who have had a change to their tax situation – whether moving, buying a home, or any other life event; or people who have had a CPA and don’t want to pay the higher fees, he said.
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Visor currently has an operations team of around 34 people split between San Francisco and Atlanta.
“Taxpayers spend $20 billion a year to get their taxes prepared and are stuck between spending hours filling out DIY tax software and hiring an expensive CPA,” said Zacke, in a statement. “
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RCS: What It Is and Why You Might Want It

12/23/2018

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A lot of people have become bored with SMS messaging, and the tech industry is very aware of it. While services such as Apple’s iMessage, Facebook Messenger, and the WhatsApp app allow you to add photos, GIFs and videos to your messages, they are not universal solutions – for example, you can’t send a WhatsApp message if your correspondent uses Facebook Messenger. The answer – or so Google and other companies are hoping – is Rich Communications Services or RCS.

What is it? RCS is a new online protocol that was chosen for adoption by the GSM Association(CSMA) in 2008 and is meant to replace the current texting standard SMS (Short Message Service), which has been around since the 1990s. The GMSA represents a wide variety of organizations in the mobile industry, including device, software, and Internet companies. Naturally, given all those players, it took a while to come to an agreement, and so it wasn’t until 2016 that the GSMA was able to come up with something resembling a standard.

How is RCS better than SMS? RCS will add a lot more multimedia capabilities to your messaging. Besides the usual texts (plain and fancy), it will make it simple to send GIFs, high-resolution still photos, and videos. It will let you know if the person you’re texting is available and can send you a receipt to prove they received your message. It will allow you to create longer messages and attach larger files. It also enables much better group messaging than SMS can handle. In other words, it can make standard text messaging look and work a lot like iMessage.

As of this writing, support for RCS has been promised by 55 carriers including AT&T, Verizon, T-Mobile, and a slew of secondary companies; 11 hardware manufacturers such as Samsung, Lenovo, and LG (but not Apple), and both Microsoft and Google.

Is anyone using RCS yet? Google has been a significant backer of RCS and even offers back-end services to carriers to help them quickly spin up support for it. But at the end of the day, it’s the carriers that are responsible for launching and supporting it. The big recent news is that Verizon is beginning its rollout of the service, but only in a minimal way to start. Currently, Verizon only offers it on Pixel 3 and Pixel 3 XL phones – and even then, it hasn’t hit all those customers yet. But because Verizon is supporting the standard, it will work with any other phone that supports it.

Why are people saying it’s not secure? One issue that a lot of security specialists are pointing out is that RCS – and, therefore, apps such as Chat – lack the end-to-end encryption available in some current messaging tools such as WhatsApp. End-to-end encryption means that the message is impenetrable to everyone – including the app vendor and the network provider – except the message sender and receiver. If you want to text someone with no chance that the authorities will ever see it, Chat / RCS is not the way. 
On the other hand, RCS does have all the standard security protocols, including Transport Layer Security (the underlying tech behind HTTPS), and IPsec (Internet Protocol Security), which is used in VPNs. So, for the most part, it’s pretty secure. Whether you’re comfortable using Chat / RCS depends on your security needs.

What’s next? Right now, support for RCS is limited to only a few carriers and even fewer devices, which means that most people can’t yet take advantage of it. Stay tuned to see what – and who – follows.

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Honda Reveals Fluoride Battery Breakthroughfor Next-Gen Power Storage

12/16/2018

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Honda Research Institute has announced a breakthrough battery chemistry developed in collaboration with Caltech and NASA JPL researchers. The technology, which was detailed in a newly published study, has a better eco-footprint while enabling the use of higher energy density materials in comparison to existing battery tech.

Honda says the new technology sidesteps fluoride-based battery technology temperature limitations. The team successfully demonstrated the operation of fluoride-ion based energy cells at room temperature, opening the door for high energy-density batteries that better meet the high capacity needs of modern technology.

Even better, the researchers say that unlike popular lithium-ion batteries, which are known to be volatile, fluoride-ion batteries are safer without the risk of overheating. As well, this battery technology is better for the environment due to the lower environmental impact of its source materials.
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Batteries created with this new chemistry may have up to 10 times the high energy density of lithium-ion batteries, according to the study. Despite the upsides, this type of battery hasn’t replaced lithium-ion due to its temperature limitations – until now, it has required temperatures above 302º F degrees to work correctly.
Researchers with Honda, NASA, and Caltech, overcame this limitation and developed a fluoride-ion cell that can operate at room temperature. The team achieved this using a fluoride-conducting liquid electrolyte that has high ionic conductivity, as well as a wide operating voltage. Such technology may one day be behind batteries that power everything from consumer gadgets to electric vehicles.
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The Battle Over the Driving Experience Will Be Won with Software

12/9/2018

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Sirius XM’s recent all-stock $3.5-billion purchase of the music-streaming service Pandoraraised a lot of eyebrows. A big question was why Sirius paid so much. Is Pandora’s music library and customer base worth that amount? The answer is that this was a strategic move by Sirius in a battle that is far bigger than radio. The real fight, which will become much more visible in the coming years, is over the driving experience.

People spend a lot of time commuting in their cars. That time is fixed and won’t likely change. However, what is changing is the way we drive. We’re already seeing many new vehicles with driver-assist features, and automakers (and tech companies) are working hard to bring fully autonomous cars to the market as quickly as possible. New vehicles today already contain an average of 100 million lines of code that can be updated to increase driver-assist options, and some automakers like Tesla already offer an “autonomous” mode on highways.

Even conservative estimates predict that we are likely to see significant changes in autonomous driving in the next ten years.

These changes will impact the driving experience. As cars become more autonomous, we can do more than just listen to music or podcasts. We may be able to watch videos, surf the web and more. The value of car real estate is already valuable, but it’s going to skyrocket as we change the way people consume media while driving. 

The Pandora acquisition was a strategic move by Sirius to gain the necessary assets so that it won’t fall behind in this space – and to get into the fast-growing music-streaming business, where users consume music at home, work and play. While Pandora’s music library is arguably second-tier, it’s also good enough that it can provide pretty much every artist most people want. This is often how high-priced mergers happen – one party is concerned about falling behind and pays a premium to purchase the other company’s assets. It’s also a bet by Sirius about the driving experience of the future.

For now, Sirius probably doesn’t need to worry about competition from startups. They won’t be able to grow big enough, fast enough to get a sizable share of the market. A more likely scenario is that startups will work on software that offers unique functionality, making it an attractive acquisition target by a larger company.
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This is going to be an interesting battle to watch in the coming years, as cars essentially become software with four wheels attached. Companies like Sirius know this is a valuable space and that the battle over the driving experience will be won in software. The acquisition of Pandora is only the beginning.

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Vaporize All the Invisible Filth on Your Smartphone with This Shark Tank-Funded Gadget

12/2/2018

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Some people are entirely unaware of just how filthy their smartphones are. Other people know full well that smartphones are a hotbed for bacteria, but they still don’t bother to do anything about it. The PhoneSoap 3 UV Cell Phone Sanitizeris a device that was initially funded on Shark Tank that should be an essential accessory for every smartphone owner. It’s a box that blasts your phone with UV light, killing 99.99% of bacteria on both sides and the edges of your phone. Please, do yourself a favor and get one, they are $60 on Amazon.

Here’s more info from the product page:

•  AS SEEN ON SHARK TANK AND DISCOVERY CHANNEL.PhoneSoap’s revolutionary bacteria-zapping technology was featured on ABC’s Shark Tank and tested and proven on the Discovery Channel.

•. KILLS 99.99% OF BACTERIA WITH UV LIGHT.Our patented design is the only device that can thoroughly sanitize your entire phone. Sitting on a UV transparent plate and surrounded by scientifically proven germicidal UVC light and a reflective interior, PhoneSoap kills99.99% of all bacteria on your phone.

•  STAY HEALTHY.Our phones gather all the bacteria we touch throughout the day where they breed and grow. Our phones are Petri dishes in our pockets! Stay healthy by keeping your devices clean with PhoneSoap.

•  FITS AND CHARGES ANY PHONE. PhoneSoap 3 fits all phones, including the larger phones such as the iPhone 8 Plus. It also has two charging ports on the back of the device, a USB and USB-C. You already charge your phone every night. Now you can charge and sanitize at the same time. With PhoneSoap 3 you can charge a second device, such as a smartwatch, at the same time.

•  CLEAN WHATEVER FITS.While we have built PhoneSoap 3 around sanitizing phones, you can sanitize whatever fits inside. From pacifiers, smart watches and headphones to credit cards and keys.
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    Author

    Rick Richardson, CPA, CITP, CGMA

    Rick is the editor of the weekly newsletter, Technology This Week. You can subscribe to it by visiting the website.

    Rick is also the Managing Partner of Richardson Media & Technologies, LLC. Prior to forming his current company, he had a 28-year career in technology with Ernst & Young, the last twelve years of which he served as National Director of Technology.

    Mr. Richardson has been named to the "Technology 100"- the annual honors list of the 100 key achievers in technology in America. He has also been honored by the American Institute of CPAs with two Lifetime Achievement awards and a Special Career Recognition Award for his contributions to the profession in the field of technology.

    In 2012, Rick was inducted into the Accounting Hall of Fame by CPA Practice Advisor Magazine. He has also been named to the 100 most influential individuals in the accounting profession in America by Accounting Today magazine.

    In 2017, Rick was inducted as a Marquis Who’s Who Lifetime Achiever, a registry of professionals who have excelled in their fields for many years and achieved greatness in their industry.

    He is a sought after speaker around the world, providing his annual forecast of future technology trends to thousands of business executives, professionals, community leaders, educators and students.

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