Tagged: tax

November 7, 2025 @ 3:45 pm By Omar Faridi  |  

Deloitte Tax LLP announced an expanded alliance with Snowflake, the AI Data Cloud firm, in order to transform tax data management solutions. This collab will leverage the strengths of the organizations in an effort to combat cloud modernization obstacles and enable cloud data solutions and… Read More

October 13, 2025 @ 10:34 pm By Omar Faridi  |  

As fintech companies transition from startups to established global entities, they encounter an escalating tax system that demands strategic foresight. A recent report by advisory firm Crowe outlines a set of guidelines for fintechs to address tax-related challenges during growth phases, such as mergers and… Read More

September 24, 2025 @ 4:46 pm By Omar Faridi  |  

The Internal Revenue Service (IRS) has released a draft of the January 2026 revision of Form W-9, a critical document used to collect taxpayer identification information. As explained in a blog post by Taxbit, this update introduces significant changes aimed at addressing the evolving ecosystem… Read More

August 13, 2025 @ 9:17 am By Omar Faridi  |  

The tax preparation industry is undergoing a transformative period, driven by evolving customer expectations and technological advancements. The J.D. Power U.S. Tax Preparation Satisfaction study provides a look at customer satisfaction among both do-it-yourself (DIY) and professionally advised tax filers. This survey evaluates key performance… Read More

July 31, 2025 @ 11:05 am By Omar Faridi  |  

PwC and its alliance partner, Harvey, have extended access to their co-developed technology, giving clients access to M&A products and services. Harvey, powered by PwC is in use by PwC’s M&A, tax and legal professionals and is “being licensed to clients across its global network.”… Read More

July 15, 2025 @ 3:47 pm By Omar Faridi  |  

U.S. Senator Cynthia Lummis (R-Wyo.) has introduced legislation aimed at overhauling the tax treatment of digital assets, addressing long-standing grievances within the cryptocurrency community. The bill aims to eliminate the practice of double taxation on digital assets, a significant barrier that currently taxes cryptocurrencies both… Read More

June 2, 2025 @ 10:53 pm By Omar Faridi  |  

Xero, the global small business platform, has released new research¹ revealing many Australians are heading into this end of financial year (EOFY) period concerned and confused about key tax rules. The Xero Tax Confidence Index survey of more than 1,000 Australians found that “more than… Read More

May 31, 2025 @ 3:20 pm By Omar Faridi  |  

Xero, the global small business platform, announced an integration with Tallyfor, the modern platform for business tax engagements, to deliver a solution designed to streamline tax preparation and boost efficiency for accounting firms. Accounting firms today face “capacity shortages, recruitment and retention difficulties, and the… Read More

May 2, 2025 @ 7:15 am By Omar Faridi  |  

Deloitte’s latest initiatives underscore the critical role of transparency, digitalization, and artificial intelligence (AI) in navigating increasingly complex economic, regulatory, and technological challenges. Two recent updates from the firm—a 2025 Global Tax Policy Survey and the launch of AI Advantage for CFOs—reveal how organizations are… Read More

April 18, 2025 @ 11:47 am By Omar Faridi  |  

Canada appears to be taking significant steps to integrate cryptocurrencies into its financial ecosystem, with recent updates from the Canadian Securities Administrators (CSA) and Coinbase providing more clarity for investors navigating the seemingly complex world of crypto assets. These developments underscore Canada’s commitment to fostering… Read More

April 2, 2025 @ 8:35 am By Omar Faridi  |  

SIX, the global financial data and market infrastructure provider, has launched its Digital Assets Regulatory & Tax Service – a data package providing financial institutions with “a single information source to help identify their exposure to digital assets and remain compliant with evolving regulations.” It… Read More

March 31, 2025 @ 7:59 am By Omar Faridi  |  

Taxbit, the provider of automated tax and accounting solutions for the digital economy, announced the expansion of its platform to support compliance across the EU’s DAC8 directive and the OECD’s Crypto-Asset Reporting Framework (CARF). This expansion enables Reporting Crypto-Asset Service Providers (RCASP) in 65+ jurisdictions… Read More

March 11, 2025 @ 10:07 pm By Omar Faridi  |  

Singapore has long cemented its role as a global financial hub, known for its stability, innovation, and strategic positioning in Asia. This, according to an update from KPMG. However, challenges such as relatively low market liquidity and intensifying regional competition have prompted a proactive response… Read More

March 6, 2025 @ 6:04 pm By Omar Faridi  |  

Tax refund theft is an annual concern and 2025 brings an elevated risk, according to a TransUnion (NYSE: TRU) analysis. Researchers found that in 2024 there were “970 data breaches in which fraudsters obtained the kinds of personally identifiable information (PII) required for various forms… Read More

January 29, 2025 @ 9:39 pm By Omar Faridi  |  

Carta has noted that on January 23, 2025, the Supreme Court made a ruling that allows the Financial Crimes Enforcement Network (FinCEN) to continue enforcing the Corporate Transparency Act’s (CTA) beneficial ownership information report (BOIR) filing requirements. Carta pointed out that FinCEN has since issued… Read More

January 5, 2025 @ 7:08 pm By Omar Faridi  |  

Ryan, a global tax services and software provider, is pleased to announce the successful completion of its CAD $700 million acquisition of the property tax services business of Altus Group Limited. With the transaction closed, Ryan reportedly assumes complete ownership of Altus Group’s property tax… Read More

December 31, 2024 @ 2:02 pm By Omar Faridi  |  

Taxbit says it is ready to support Brazilian businesses in meeting new crypto regulatory requirements with solutions designed to simplify compliance and ensure “seamless” reporting. The Brazilian Federal Revenue Service’s proposal demonstrates its commitment to aligning domestic crypto taxation with global standards. By expanding reporting… Read More

November 28, 2024 @ 12:13 pm By Omar Faridi  |  

Solidgate — a payment processing platform that offers orchestration and acquiring capabilities —announced the launch of its Tax Compliance Platform, a solution designed to simplify VAT and sales tax management for digital businesses. Offering an alternative to outdated tax management tools, this new platform eliminates… Read More

October 24, 2024 @ 8:53 am By Omar Faridi  |  

UK Finance has released its 2024 banking sector tax report, UK Finance has shared key insights in its latest estimate of the total tax contribution of the UK banking sector, produced by Big Four auditing and professional services firm PwC. The detailed analysis shared by… Read More

September 26, 2024 @ 7:56 am By Omar Faridi  |  

Bitpanda and Blockpit are teaming up again to offer Italian Bitpanda users discounted licences and expert advice to help you stay on top of regulation. Using Blockpit can help you understand how “to save when doing your crypto taxes.” Bitpanda has shared key insights in… Read More