Tagged: tax

Payment Processing Firm Solidgate Introduces Tax Compliance Platform

Solidgate — a payment processing platform that offers orchestration and acquiring capabilities —announced the launch of its Tax Compliance Platform, a solution designed to simplify VAT and sales tax management for digital businesses. Offering an alternative to outdated tax management tools, this new platform eliminates… Read More

UK Finance Releases 2024 Banking Sector Tax Report

UK Finance has released its 2024 banking sector tax report, UK Finance has shared key insights in its latest estimate of the total tax contribution of the UK banking sector, produced by Big Four auditing and professional services firm PwC. The detailed analysis shared by… Read More

Bitpanda Teams Up with Blockpit to Offer Clients in Italy a Way to Obtain Licences, Advice on Filing Crypto Taxes

Bitpanda and Blockpit are teaming up again to offer Italian Bitpanda users discounted licences and expert advice to help you stay on top of regulation. Using Blockpit can help you understand how “to save when doing your crypto taxes.” Bitpanda has shared key insights in… Read More

PwC Leverages Workday to Assist Clients with Tapping Pillar Two Data Processing Capabilities

PwC leverages Workday to help customers unlock Pillar Two data processing capabilities. Pillar Two framework mandates “a 15% global minimum tax on the earnings of multinational enterprises with consolidated revenues exceeding €750 million.” PwC announced a new data processing solution “that will help joint Workday… Read More

TaxBit and TAINA to Provide Tax Compliance Solution for Gig Economy

TaxBit and TAINA Technology, two industry participants focused on tax compliance solutions, have announced a partnership to deliver a comprehensive end-to-end tax reporting solution for the digital economy. This collaboration aims to assist U.S. and non-US digital marketplaces with their comprehensive onboarding and reporting needs… Read More

Digital Bank Chime Is Offering Seamless In-App Tax Filing

In time for tax season, Chime is offering its in-app tax filing pilot program for free¹ to even more members. After early success with the pilot launch, the all-new tax feature is now available to millions more Chime members, showing members are eager for a… Read More

TaxBit Selected by Gemini, a Crypto Exchange, as its CESOP Reporting Solution

TaxBit, the provider of tax and compliance solutions for digital assets, announced today that it has been selected by Gemini, a cryptocurrency exchange, as its CESOP reporting solution. Gemini’s decision to integrate with TaxBit expands “the two companies’ long-standing relationship, underscoring its dedication to regulatory… Read More

Treasury, IRS Announce that Firms Do Not Have to Report Certain Transactions Involving Digital Assets Until Regulations Are Issued

The Treasury Department and Internal Revenue Service have recently issued an announcement informing businesses that they do “not have to report the receipt of digital assets the same way as they must report the receipt of cash until Treasury and IRS issue regulations.” The Infrastructure… Read More

PwC Germany, FloQast to Enhance Financial Close Solutions

FloQast, a provider of accounting workflow automation software created by accountants for accountants, announced today a strategic consulting partnership with PwC Germany, a global firm focused on assurance, advisory, and tax services. This collaboration aims to transform financial close processes “for businesses across German-speaking countries… Read More

Tax Transformation Trends Survey Examines Shift Towards Insight-Driven Compliance

Deloitte announced the launch of its 2023 Tax Transformation Trends survey, a biannual effort which details sentiments from more than 300 senior global tax and finance executives and examines “how tax departments are undergoing fundamental transformation in response to today’s challenging legal and regulatory landscape.”… Read More

Chainalysis Comments on US Proposed Tax Regulations which Outlines Information Reporting Obligations for Crypto Exchanges

Roger M. Brown,  the Global Head of Tax Strategy at Chainalysis, notes that on August 25, 2023, the U.S. Internal Revenue Service released proposed regulations that would require domestic and foreign exchanges and other types of “brokers” who “effect sales” of digital assets to (1) collect… Read More

TaxBit Introduces AI-Enhanced Rules Engine for Digital Currency Accounting

TaxBit, the end-to-end modern tax and accounting solution for the digital economy, announced its AI-enabled rules engine “to empower businesses dealing with cryptocurrencies to streamline their accounting processes.” As the global cryptocurrency market surpasses a market capitalization of over $1 trillion, businesses “face mounting challenges… Read More

TaxBit, a Provider of Tax and Accounting Solutions for Digital Assets, Appoints Lindsey Argalas as CEO

TaxBit, the provider of tax and accounting solutions for digital assets, is set to embark on a transformative phase of innovation and expansion with the appointment of Lindsey Argalas as CEO. In this significant leadership transition, Austin Woodward, the current CEO, and Co-Founder, will “transition… Read More

As April 18 Looms, Banks Turn to Technology to Help Clients Deal with their Tax Requirements: Report

As April 18 looms,  banks are turning to tech to help customers ease their tax anxiety, according to an update from J.D. Power. It’s been an “arduous” year for banking customers in the United States, the report noted. Between historically high inflation and wading through… Read More

MoneyLion, Column Tax to Offer Clients Free Tax Services

MoneyLion Inc. (NYSE: ML), the go-to destination for personalized financial content, financial products and advice, announced it is offering eligible MoneyLion users free tax filing services “through its new partnership with Column Tax, a personal income tax software company.” Through this partnership, MoneyLion offers “a… Read More

FT Partners Research Report: Blockchain Accounting, Tax Solutions Enable Automation for Digital Assets Ecosystem

As digital assets became more widely accepted, the need “for corresponding tooling to meet accounting, reporting and tax requirements of both individuals and corporate users grew,” according to an update from FT Partners. Initially operating largely out of sight, tax authorities across the globe “noted… Read More

Tax Software Provider Sovos Offers “Relief” to SMBs in Advance of 1099-K Threshold Changes

Global tax software provider Sovos announced that it will be continuously monitoring changes to “provide ongoing updates and advice to help small- and medium-sized businesses navigate the complexities brought on by the combination of IRS rule changes, an increase in budget allocations for tax enforcement… Read More

EY, TaxBit to Support Tax Reporting Requirements for Digital Assets

The EY organization announced an alliance between TaxBit, a tax and accounting technology provider for cryptocurrency and other digital assets (e.g., non-fungible tokens (NFTs)), and Ernst & Young LLP (EY US) “to help organizations meet tax reporting requirements for digital assets.” Regulators are starting “to… Read More

Decimal, an Accounting Fintech Firm, Acquires SaaS Bookkeeping Assets of KPMG Spark

Decimal, a Fintech company offering bookkeeping and accounting operations for small and medium-sized businesses (SMBs),  announced it “has acquired the cloud-based bookkeeping service and certain other assets of KPMG Spark, owned by Big Four tax, accounting and advisory firm KPMG LLP.” Financial terms “were not… Read More

Rydoo, Blue dot to Provide Tax Automation Solution for Corporate VAT, Employee Benefits Reclaim

Blue dot, a tax compliance platform for employee-driven spending for VAT recovery and Taxable Employee Benefits (TEB) analysis, announced the launch of a new partnership with Rydoo, an international SaaS software solution for managing business expenses. The partnership “offers a one-of-a-kind, AI powered solution empowering… Read More

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