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Winters Chartered Accountants and Registered Auditors
29 Ludgate Hill
London EC4M 7JE
England, UK
Tel:
+44 (0) 20 7919 9100
Fax:
+44 (0)
20 7919 9019
e-mail:
info@winters.co.uk
FACTSHEETS
1. STARTING UP IN BUSINESS
2. GENERAL BUSINESS
3. CORPORATE AND BUSINESS TAX
4. VAT
5. EMPLOYMENT ISSUES
6. EMPLOYMENT AND RELATED MATTERS
7. PERSONAL TAX
8. CAPITAL TAXES
9. PENSIONS
10. ICT
11. OTHER
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Information
Factsheets
IT
AND INTERNET TERMINOLOGY- THE JARGON DE-MYSTIFIED
Applet
- an applet is a small program that can be sent along with a Web page to a
user. Java applets can perform interactive animations, immediate
calculations, or other simple tasks without having to send a user request
back to the server.
ASP (Application Service Provider) - these offer on-line real-time
access to standard packages. Users pay a metered charge to log on and
perform tasks using standard accounting, spreadsheet and word processing
packages.
.ASP (Active Server Pages) - A dynamic web page.
Attachment - an attachment is a file which is appended to an
e-mail. The file may be a word-processing document, or a spreadsheet, for
example.
The significance of an attachment is related to the security risks
associated with opening attachments, as any program code stored in an
attachment is executed. The code can contain a virus which can potentially
damage a PC or network (see macro virus and virus below).
Authentication - a process which is used to confirm the identity of
a person, or the integrity of a transaction.
Bandwidth - he capacity of a system to deal with network traffic.
Blog - Blog (originally weblog) is a diary or history. Blogs are
used by all types of entity from corporate to personal users. Most
personal blogs are anonymous and typically refer to issues in daily life
– usually centred around the working environment.
Bot - (from Robot) A piece of software which runs
automated and repetitive tasks exceptionally quickly. On the internet the
most common types of bots are called Spiders which perform typical search
operations.
Broadband - high speed internet access.
Browser - a program which enables web access.
Cable-modems - a service provided by cable TV companies to allow
internet access. TV cable is used to send and receive data, and not the
telephone line. The service relies on the provision of cable in the area.
Cookie - bookmarks which remember details about a site visited.
They have evolved to become fairly intelligent robots. They store details
about a site, what log on preferences have been set, passwords and
specific buying patterns.
Digital signature/certificate - a method using encryption
techniques and a public/private key to verify the authenticity of a person
or transaction.
DSL - is an abbreviation for Digital Subscriber Services. It is a
method of transferring data over traditional BT copper wire lines. The
data is transferred at higher speeds than normal.
Dot com - an expression referring to the internet industry.
Frequently used in the context of ‘a dot com company’ and ‘a dot com
millionaire’.
Download - to transfer data from one computer to another.
Typically, implies transferring data from a larger network or host system,
to a PC or laptop. (also see Upload)
DRM - Digital Rights Management – a method of securing
access to software, videos or music files, to prevent illegal copying
e commerce - conducting business over the internet and therefore by
electronic rather than by paper-based methods.
EDI (Electronic Data Interchange) - is a standard method of
exchanging documents, such as invoices, between companies who may have
incompatible hardware and/or software.
Electronic form filling and transmission is far quicker than manually
completing a form and then posting it. A further extension of EDI is the
processing of electronic funds.
Standards have emerged for different types of funds transfers – for
example the SET standard (see below) for credit card transactions.
Extranet - a network, but only for ‘invited’ business partners.
These are set up mainly to cope with B2B (business to business)
transactions. One company may have access to a number of different
extranets.
Firewall - a hardware and/or software based security system to
prevent unauthorised access to a network or server.
Gateway - a device or devices which enable two or more different
types of network to communicate with each other. Sometimes described as a
bridge.
HTML (Hyper Text Markup Language) - a programming language used to
create web pages.
Host - a computer or network which holds information such as a web
site on behalf of a number of different companies. Also see ISP below.
Hub - a device connected to several other devices.
Hyperlink - a link which can be created in a document, for example,
which can then branch to another document, or web site.
Intranet - an internal network based on the internet, but
containing material for company employees only.
ISP - an Internet Service Provider. An ISP acts as a host (see
above) providing e-mail services, web site services and access to
information channels.
JAVA - a programming language which can be run across a variety of
platforms. Its interoperability means that applets can easily be
downloaded to any computer, when required.
Local loop - the last kilometre or so of cable from a telephone
exchange to a house or business is known as the local loop.
Macro virus - a macro virus is a program written within a standard
application, which executes a malicious payload when the document or
spreadsheet is opened. A macro virus can perform a variety of unwanted
side effects from putting up strange messages to completely destroying
data on a network. (Also see Virus/Worm below).
Mbps - A rate of data transfer that is typically quoted,
by ISP’s, (see above) as a measure of download speed from the internet.
Mbps is a transfer rate of a megabit (a million bits) per
second (not to be confused with the much faster MBps - see below).
MBps - A rate of data transfer that is typically quoted,
by ISP’s, (see above) as a measure of download speed from the internet.
MBps is a transfer rate of a megabyte (a million bytes)
per second (not to be confused by the much slower Mbps - see above)
Non-repudiation - provides proof of the origin of a transaction. It
protects the recipient against the sender denying that the transaction was
originated by him (the sender).
.PDF (Portable Document Format) - this is a read-only version of an
existing document or spreadsheet. As the information is compressed, PDF
files tend to be relatively small.
Phishing - this refers to the stealing of personal identifiers such
as Pin numbers, Credit card numbers and passwords via a spoof web site or
email.
Podcasting - a Podcast is an audio and sometimes video recording,
made available online.
PKI (Public Key Infrastructure) - the framework in which digital
certificates are created and used, based on a public/private key.
Router - A device which forwards data from one network to
another.
SaaS - (Software as a Service) - a model of web-based software
delivery, where a software vendor provides maintenance, operation and
support for their software.
SET (Secure Electronic Transaction) - is one of several standards
for ensuring credit card payments are secure over the internet.
Spam - unsolicited bulk e-mail.
TCP/IP - a protocol designed to allow different computers to
communicate with each other regardless of the hardware or operating system
platform.
Upload - to transfer data from one computer to another.
Typically implies transferring data from a PC or laptop to a larger
network or host system. (Also see Download)
URL - (Uniform Resource Locator) - a standard method of
identifying web resources, such as web sites and web addresses.
USB - (Universal serial bus) – A standard method of
communicating to an external computer device such as a printer, USB pen or
network hub for example. Most computers now come with a number of USB
connections as standard.
Virus/Worm - a generic term for a rogue piece of
software. Generally a virus is introduced to a computer by stealth –
often hiding in an innocent attachment (see attachment above). Once
activated it can carry out a wide range of unwanted side effects from
changing the behaviour of a computer, to infiltrating and disabling a
whole network. (also see Macro virus above). Worms tend to propagate
themselves over a network or networks.
Wireless - The ability of a computer to access external
devices without being physically connected by cable.
XBRL (extensible business reporting language) - This uses
XML (see below) data tags to transmit financial data. HMRC, for example
use XBRL for e-filing of CT returns.
XML (extensible mark-up language) - this allows designers to create
customized tags to enable information to be transmitted from one system
into another (completely different) system.
HOW WE CAN HELP
If you would like information as to how we can assist you with your e
commerce activities we will be more than happy to provide you with help.
For information of
users: This material is published for the information of clients.
It provides only an overview of the regulations in force at the date of
publication, and no action should be taken without consulting the
detailed legislation or seeking professional advice. Therefore no
responsibility for loss occasioned by any person acting or refraining
from action as a result of the material can be accepted by the authors
or the firm.
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