Three years ago the Inland Revenue Department stuck a spanner in Xero’s works when it decided storing accounting records offshore could be a breach of its requirements.
That’s fixed now, the IRD has given Xero and Cargowise the green light to hold records offshore. It took Xero four years to get the nod from the IRD. Along the way were legislative changes and a fresh set of IRD guidelines.
Xero says it was one of the first companies to apply for permission and is one of the first to have its application granted.
The rules stopping Xero from holding taxpayer records overseas were a hangover from pre-cloud computing days. Legislation rarely moves as fast as technology, New Zealand’s law makers were slower off the mark than those in Australia.
In practice little changes, the matter was more a technicality than a serious problem. Still, it’s nice to bring our laws up to date.
Hard drive maker Seagate is telling the world about its latest development: shingled magnetic recording (SMR). The company says SMR means the company can make drives with more than 1TB per platter. This has been a barrier for the last three years, but from next year we can expect drives able to store 5TB per platter and 20TB by 2020.
Local cloud specialist Greenbutton says it is working with Tout a service which lets users quickly capture and distribute real time video footage. Greenbutton’s inCus is helping Tout gather data to quickly give customers more information about incoming video clips.
Chip maker Intel officially launched its 14 nm system-on-a-chip processor giving the downward spiral in device size and cost another twist. CEO Brian Krzanich says the chip means tablets could drop below the US$100 mark by Christmas.