Tagged: taxes

Debt Collection Fintech TrueAccord Introduces Web Chat Feature, Just in Time for Tax Season

Pay Your Tax Here Now Taxes

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

Payments Fintech Stripe Introduces Automated Tax Service for Singapore Clients

Singapore City Sail Boat

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

Croatian Lender Robo.cash Comments on How P2P Investments are Taxed, Also Provides Update on Russia-Ukraine Crisis

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Croatian P2P lender Robo.cash recently commented on whether peer-to-peer investors are equal when it comes to “taxing their income.” To address the question, Robo.cash has assessed the European legislative framework. Robocash writes in a blog post that the national legislations of European countries “generally have… Read More

Crypto Taxes: Abhinav Soomaney, CEO at CryptoTax, Explains How to Manage Taxable Digital Currency Transactions

IRS Internal Revenue Service

We recently caught up with Abhinav R. Soomaney, Founder and CEO at CryptoTax Pvt. Ltd. He talked about different tax aspects of cryptocurrency and blockchain-related investments. CryptoTax Pvt. Ltd. (CryptoTax) was incorporated in the year 2021 and claims to be the first cryptocurrency tax consultancy… Read More

Overfunding: UK’s TaxScouts, a Fintech that Will Make Sorting Taxes More Seamless, Raises £2,925,089 via Crowdcube

Trafalgar Square London UK United Kingdom Lion

The team at UK’s TaxScouts confirms that their crowdfunding campaign has finally come to an end. Our crowdfund has finally come to an end! We raised £2,925,089 – over 290% of our original target 🎉 We want to say thank you to all our new… Read More

CoinTracker Secures $100M to Make Digital Asset Portfolio Tracking, Tax Compliance More Seamless

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In 2017, the team at CoinTracker began “tinkering” with cryptocurrency. CoinTracker writes in a blog post that they set up accounts on several different exchanges and started using a bunch of digital wallets. The company points out that while exchanges and virtual wallets have made… Read More

Indian Fintech Unicorn RazorPay Introduces Automated Tax Solutions for Businesses

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The team at Razorpay asks whether you’re aware of what’s one of the things that’s quite common among all Indian startup founders and business owners. According to Razorpay, they tend to struggle when managing tax and compliance payments. And, if you’ve just started your business,… Read More

Overfunding: TaxScouts, a Firm that Aims to Make Sorting Taxes More Efficient, Secures £1.65M+ via Crowdcube

One Pound Coin

TaxScouts, which claims to be on a mission to make sorting taxes “affordable and effortless,” has raised 165% (£1,652,047) of its £1,000,000 target from 597 investors (at the time of writing) via Crowdcube with 24 days left in the firm’s crowdfunding campaign. TaxScouts reveals that… Read More

Papaya Global Explains How to Manage Business Expansion, Recruit Remote Workers

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The team at Papaya Global, which aims to help your company grow (with its passion for automation), notes that if your firm is planning an expansion or engaged in recruiting remote workers without regard for their actual location, then it might make sense to consult… Read More

Here are the Best States When it Comes to Taxes

Tax Payment to the Lord public domain US

  The United States tax system is about as convoluted as it comes. There are federal taxes, state taxes, local taxes, sales taxes, property taxes, etc. Periodically, someone comes along and makes an attempt to simplify the system but entrenched interests, and loopy politicians, make… Read More

Thomson Reuters Introduces Edge-Computing Tax Engine

Pay Your Tax Here Now Taxes

Thomson Reuters announced on November 15, 2021, the introduction of the Indirect Tax (IDT) Determination Anywhere platform at its annual SYNERGY Conference for corporate tax and accounting professionals. As mentioned in the update, Determination Anywhere is a patent-pending, Cloud-powered tax tech platform that “sits on… Read More

McHenry Slams Infrastructure Bill as Reckless Spending, Notes New Digital Asset Reporting Requirements

Patrick McHenry

The infrastructure bill (H.R.3684) is on its way to becoming law. After a circuitous legislative path that saw extreme left legislative vote against the bill while several Republicans helped to push it across the finish line, a pinnacle of the Biden Administration’s legislative ambitions is… Read More

IHS Markit to Offer Tax Reporting, Related Infrastructure to Digital Asset Firm Coinbase

Pay Your Tax Here Now Taxes

IHS Markit, a leader in critical information, reveals that it’s teaming up with digital assets firm Coinbase (COIN: NASDAQ), in order to offer tax reporting information and related infrastructure. Through this partnership, IHS Markit will be creating and providing Forms 1099-MISC for Coinbase clients, with… Read More

Biden Administration Plans to Increase Taxes on 2.1 Million Small Businesses

Joe Biden Speaking at White House 7.9.21

The Small Business and Entrepreneurship Council (SBE Council) is warning that the Biden Administrations’ tax plan would raise taxes on 2.1 million small businesses – in contrast to the Administrations’ claims. Last week, the White House issued a Fact Sheet on the plan claiming the… Read More

Jake Chervinsky, General Counsel at Compound Finance, Shares Insights on Newly Proposed Infrastructure Bill

Ben Franklin US Capitol Washington DC

Jake Chervinsky, the General Counsel at Compound Finance, recently shared insights and his take on the deal with the recently proposed US infrastructure bill. 1/ 🚨 Here's the deal with the US infrastructure bill: A new provision has been added that expands the Tax Code's… Read More

Biden Administration Looks to Help Pay for Infrastructure Plan with Tax Enforcement of Cryptocurrency Transactions

Joe Biden American Rescue Plan 2020

President Joe Biden published more details on the pending infrastructure deal while indicating he intends to offset the substantial cost by various fees including “strengthening tax enforcement when it comes to cryptocurrencies.” In a speech, President Biden said: “This agreement will help ensure that America… Read More

Overfunding: Bookkeeping and Tax Automation Fintech Coconut Secures £918K+ via Crowdcube

Coconut Palm Tree Grand Cayman

Coconut, a Fintech firm that automates bookkeeping and tax for sole traders, a market of 3.5 million in the UK, has raised £918,370 from 1202 investors (at the time of writing while having a £700,000 target) through a campaign on Crowdcube. Coconut reports a pre-money valuation… Read More

Italian Fintech Ultroneo, an E-Invoice and Digital Receipt Specialist, to Expand Business Operations

Trevi Fountain Rome Italy

From startup to a business reporting €2 million in turnover and over a 62% growth when compared with the situation before the COVID-19 outbreak, Ultroneo, the Fintech firm which introduced the GetYourBill solution for instant digital invoicing, is now preparing to branch out into foreign… Read More

UK Fintech Tide Partners with Sage, a Cloud Business Management Software Provider, to Offer Innovative Banking, Accounting Tools

Fintech London England UK scaled

UK’s Tide, an established business financial platform, and Sage, a provider of Cloud business management software, revealed on Wednesday (May 12, 2021) that they’ve teamed up to offer integrated banking and accounting solutions to Tide members. Developed specifically for users taking their initial steps towards… Read More

SBE Council Says Small Businesses Need Policy Stability and Relief, Not Higher Taxes and More Regulation as Jobs Data Disappoints

Karen Kerrigan President and CEO of SBE Council

Earlier today, the US Department of Labor Statistics issued data that indicated 266,000 jobs were added during the month of April. This fell far short of expectations as observers anticipated over a million new jobs. The unemployment rate ticked higher to 6.1%. The news undermined… Read More

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