Tagged: taxes

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

March 14, 2022 @ 12:30 am By Omar Faridi  |  

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

March 6, 2022 @ 10:00 pm By Omar Faridi  |  

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

February 6, 2022 @ 10:54 pm By Omar Faridi  |  

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

January 28, 2022 @ 1:01 pm By Omar Faridi  |  

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

January 18, 2022 @ 10:55 pm By Omar Faridi  |  

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

January 17, 2022 @ 2:34 am By Omar Faridi  |  

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

January 4, 2022 @ 10:07 pm By Omar Faridi  |  

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

December 27, 2021 @ 5:38 pm By JD Alois  |  

  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

November 16, 2021 @ 9:38 pm By Omar Faridi  |  

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

November 6, 2021 @ 2:18 pm By JD Alois  |  

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

October 3, 2021 @ 5:43 pm By Omar Faridi  |  

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

August 23, 2021 @ 2:27 pm By JD Alois  |  

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

August 2, 2021 @ 11:17 pm By Omar Faridi  |  

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

July 30, 2021 @ 11:50 am By JD Alois  |  

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

July 4, 2021 @ 7:40 pm By Omar Faridi  |  

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