Tagged: taxes

French Tax Returns focused Fintech Qlower Acquires Funding via Crowdcube

Qlower is focused on helping those who might be tired of tax returns. At Qlower, they’ve decided it shouldn’t be “a burden anymore.” Thanks to their technology combining open banking and AI, Qlower automates tax returns for landlords, in France for now. They claim to… Read More

Lending Tech Provider Informative Research Announces Integration of Veri-Tax

Informative Research, a technology platform that delivers data-driven solutions to the lending community, announced the integration of Veri-Tax, the service provider focused on delivering the fast verifications into its proprietary Verification Platform. The integration merges Informative Research’s platform with Veri-Tax’s verification services so lenders can… Read More

TaxBit Announces European Expansion Following Increased Demand for Digital Asset Compliance Solutions

TaxBit, the digital asset tax and accounting solutions provider, announced its strategic expansion into Europe in response to rapidly increasing adoption across the European digital asset market. This move follows recent regulatory developments and the increased demand for TaxBit’s tax and accounting compliance solutions. TaxBit… Read More

KPMG UK and Blue J to Launch Generative AI Tool to Address Tax Research Questions

KPMG UK and Blue J announced that they will launch a new generative AI powered product to answer challenging tax research questions in seconds. KPMG will have exclusive access “to the tool, Ask Blue J, among the big four accountancy firms in the UK for… Read More

Current, the US Fintech Platform, Teams Up with Column Tax

Current, the U.S. fintech platform dedicated to empowering Americans in pursuit of a brighter financial future, announced a partnership with Column Tax, the embedded tax provider offering next generation tax products. This partnership will aim to “save millions of Americans much-needed money this tax season… 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

Intuit TurboTax Integrates into Credit Karma and QuickBooks for Tax Preparation and Filing

Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced that Credit Karma members and QuickBooks Online customers “can prepare and file their 2023 taxes through TurboTax within the Credit Karma and QuickBooks Online product experiences.”… Read More

april, ZenLedger, Launch Comprehensive Crypto Tax Filing Tool

ZenLedger, a provider of blockchain data and tax solutions, this week announced a partnership with april, a developer of AI-powered financial technology focused on modernizing taxes, to launch the first end-to-end tax filing experience in the crypto industry.  Integrating with april, an IRS-authorized e-file provider, brings… Read More

UK Government Explains How to Pay Taxes on Crypto Gain or Income

HM Revenues and Customs (HMRC) has posted guidance on how to pay taxes on the income or gains created by crypto investments. HMRC states: “You must pay the full amount you owe within 30 days of making your disclosure. If you do not, HMRC will… Read More

48 Countries Commit to OECD’s Global Crypo Assets Tax Transparency

Forty-eight countries and jurisdictions have pledged to adopt the Organisation for Economic Co-operation and Development‘s (OECD) framework for tax transparency and information exchange regarding crypto assets by 2027. This commitment marks a significant stride in international efforts to address tax evasion in the rapidly evolving… 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

april’s Using AI to Bring Badly Needed Innovation to Taxes

One of the reasons there has been little innovation in tax tech is because of complex integration challenges. Still, april is using artificial intelligence to bring innovation to a sector badly needing change. Founded by former Google data science head Daniel Marcous and Ben Borodach,… Read More

IRS, US Department of Treasury Announce Proposed Rules on Digital Assets Transactions and Taxes, Chair of House Financial Services Committee Slams the Draft Regulations

The US Department of Treasury and the Internal Revenue Service (IRS) have announced proposed rules for the handling of digital assets and the sale and exchange of crypto. In a public statement, the two federal entities said the move was an effort to “crackdown on… Read More

IRS Says it Has Identified 100 High Income People Claiming Residence in Zero Tax Domicile Puerto Rico

Puerto Rico is unique in the fact it is part of the United States yet residence do not pay any federal taxes. It is part of the concept of taxation without representation and Puerto Rico does not have any voting members in Congress. This fact,… Read More

Everyone Hates Paying Taxes but Taxtech Can Streamline the Process: Adams Conrad of QED Investors Shares Insight into Rising Sector of Fintech

It is that time of year again taxes are due in the US. The only groups that like tax season are the ones that benefit – state, local, and federal government – and tax preparers that earn their keep by navigating the byzantine process of… Read More

Tax Season: april Now Offers AI Powered Tax Filing Product, Aims to Provide Consumer Friendly Process

april has announced a tax filing product in partnership with multiple Fintechs. april (April Tax Solutions) claims to be the first artificial intelligence (AI) powered tax system available. The company states that its tax filing product is now available with Acorns, B9, Moves, Mercury Financial… 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

Han Park: CEO at Payment Labs Explains How they Address Tax Compliance Requirements for Clients

There’s new regulation requiring individuals using digital payment apps to report their earnings – over $600 – directly to the IRS. This change significantly impacts business owners, side hustlers, and gig economy workers. These individuals must file Form 1099-K, creating an extra step during tax… Read More

Oren Barzilai: CEO at EquityBee Comments on Employee Sentiments Towards Stock Options at Startups

We recently connected with Oren Barzilai, CEO at EquityBee, the startup employees’ stock options funding solution. Oren Barzilai from EquityBee talked about what led to them compiling their latest report on startups. Barzilai also discussed how common stock options have become at startups. In addition… Read More

Cash App Selects TaxBit to Streamline Cryptocurrency Tax Reporting

TaxBit, the tax and accounting provider for digital assets, announced it has been selected by Cash App in order “to help provide the necessary crypto tax forms to the 10+ million Cash App users who have bought or held Bitcoin since 2019.” Lindsey Argalas, COO… Read More

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