Tagged: taxes

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

Accounting Software Firm Coconut Raises £392,390 via Crowdcube

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

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

OECD Introduces Transparency Framework for Crypto-Assets to G20

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

ZenLedger, BitPay to Accept Crypto Payments

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

DOJ: IRS Gains Court Order to Pursue Taxpayers Who Failed to Pay Taxes on Crypto

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

Why Not? One Region in Argentina Allows Citizens to Pay Taxes with Stablecoins

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

Fonoa Secures $60M in Funding to Expand Global Tax Solutions

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

Talenom Strengthens Position in Spain by Acquiring Fintech Platform Nomo

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

Embedded Tax Platform April Finalizes $30M Series A Round

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

Tax Software Provider Sovos to Expand Operations to Address Growing Requirements

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

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

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

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

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

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

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

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

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

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

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