Tagged: taxes

March 27, 2023 @ 10:39 pm By Omar Faridi  |  

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

March 21, 2023 @ 9:13 pm By Omar Faridi  |  

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

March 16, 2023 @ 6:20 pm By Omar Faridi  |  

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

March 5, 2023 @ 8:05 pm By Omar Faridi  |  

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

February 19, 2023 @ 5:41 pm By Omar Faridi  |  

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

February 7, 2023 @ 4:51 pm By Omar Faridi  |  

Tax season is a “dreaded” time of the year for many — especially crypto users, according to an update from Binance. Scouring a spreadsheet and computing all your transactions, gains, and losses throughout the past year can be, well, “taxing.” For day traders, who normally… Read More

December 28, 2022 @ 4:07 pm By Omar Faridi  |  

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

December 21, 2022 @ 10:37 pm By Omar Faridi  |  

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

November 23, 2022 @ 9:37 am By Omar Faridi  |  

Coconut notes that starting a self-employed business is “easier than ever, but the finance tools available haven’t improved for decades.” New laws mean 4m+ UK taxpayers will “have to do 5x more tax returns.” Coconut’s accounting software is “helping accountants get their sole traders &… Read More

October 17, 2022 @ 7:25 pm By Omar Faridi  |  

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

October 11, 2022 @ 11:29 pm By Omar Faridi  |  

The OECD delivered a new global tax transparency framework “to provide for the reporting and exchange of information with respect to crypto-assets.” The Crypto-Asset Reporting Framework (CARF) “responds to a G20 request that the OECD develop a framework for the automatic exchange of information between… Read More

October 7, 2022 @ 9:27 pm By Omar Faridi  |  

ZenLedger, which claims to be the global leader in cryptocurrency tax software and blockchain analytics, announced the company is accepting cryptocurrency as payment for goods and services using BitPay, which is one of the largest providers of Bitcoin and cryptocurrency payment services. The ability to… Read More

September 23, 2022 @ 6:00 pm By JD Alois  |  

The US Internal Revenue Service (IRS), the tax authority of the US, has received a Court Order to be able to summons records pertaining to US taxpayers who may have failed to report and pay taxes on crypto transactions. According to the Department of Justice… Read More

September 2, 2022 @ 10:52 am By JD Alois  |  

The province of Cuyo in Argentina is allowing citizens to pay their taxes using stablecoins, according to a report in Clarin. Quoting the General  Director of the tax authority (Mendoza Tax Administration or ATM), Nicolás Chávez, the service is enabled by new technology included with… Read More

July 26, 2022 @ 2:39 pm By Omar Faridi  |  

Fonoa have raised $60 million in order to expand their global tax solutions. Investors in the Series B investment round led by Coatue “include Dawn Capital, Index Ventures, OMERS Ventures, FJ Labs, Moving Capital.” The funding, which comes just six months after a $20m Series… Read More

July 5, 2022 @ 11:07 am By Omar Faridi  |  

Talenom Plc has reportedly agreed to acquire the platform business Nomo in an asset deal. Nomo operates from Barcelona, Spain, and its business operations “cover the entire country.” Nomo offers its customers “a comprehensive digital platform for accounting and financial and tax planning.” The platform… Read More

July 1, 2022 @ 8:29 am By Omar Faridi  |  

Following a “successful” inaugural tax season, April Tax Solutions Inc., a personal income tax platform that embeds into digital financial apps, announced that it has raised $30 million in a Series A round. The Fintech startup has “gained the attention of unicorn founders and leaders… Read More

June 3, 2022 @ 9:17 am By Omar Faridi  |  

Global tax software provider Sovos has announced that it is moving its office from the outskirts of Atlanta to the heart of the city in order “to attract diverse and rich talent that will fill new roles in sales, technology and finance positions as the… Read More

March 27, 2022 @ 11:37 pm By Omar Faridi  |  

TrueAccord claims that it is an “intelligent,” digital-first collection and recovery company that uses the industry’s “only” adaptive intelligence: “a patented machine learning engine, powered by engagement data from over 16 million consumer journeys, that dynamically personalizes every facet of the consumer experience in real-time.”… Read More

March 24, 2022 @ 11:43 am By Omar Faridi  |  

Stripe, an international payments company, recently confirmed the launch of Stripe Tax in Singapore. This feature should assist businesses operating in Singapore to automatically determine and collect consumption tax, better referred to as goods and services tax (GST), in the Southeast Asia-based country, as well… Read More