Tagged: taxes

November 17, 2025 @ 9:42 am By Tony Zerucha  |  

april, an embedded tax technology platform, has launched a real-time, personalized tax calculation product for equity transactions. At the point of decision-making, the solution gives users visibility into potential tax liabilities from liquidation events ranging from stock sales to equity compensation. Nasdaq Private Market (NPM) served as an innovation partner and initial launch partner to address the growing need among employee shareholders for… Read More

November 2, 2025 @ 3:41 pm By Tony Zerucha  |  

Lili, a financial platform that offers business banking, credit building, and accounting solutions for small and mid-sized businesses, has released new data from Lili’s Accountant AI that reveals that small business owners are most concerned about implementing the right tax structure and how they can… Read More

October 18, 2025 @ 10:10 am By Michael Wong  |  

The U.K.’s tax agency is turning up the heat on crypto traders, more than doubling the number of warning notices it sent to suspected underpayers in the latest tax year as digital-asset ownership swells. HM Revenue & Customs dispatched almost 65,000 so-called “nudge letters” in… Read More

October 12, 2025 @ 4:21 pm By Omar Faridi  |  

Tax authorities in India are said to be investigating over 400 high-net-worth individuals that are using crypto exchange Binance. These accounts are being suspected of attempting to bypass India’s high taxes on crypto transactions, a report from The Economic Times has claimed. The traders could… Read More

October 9, 2025 @ 10:08 am By JD Alois  |  

The Laffer Curve continues to shed light on how to manage tax policy more effectively. Unfortunately, too few recognize the pragmatech theory that posits a too high tax burden will alter individual behavior. As taxes rise, especially on the affluent, who may relocate easily, this… Read More

August 28, 2025 @ 4:53 pm By JD Alois  |  

While the state of New York and New York City continue to raise taxes on the wealthy, the amount of revenue declines, according to a report. Of course, this paradigm seems obvious to all, except for politicians who make these decisions, it seems. The Laffer… 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 24, 2025 @ 10:37 am By JD Alois  |  

Tax platform april has raised $38 million in Series B funding, according to a public statement. The funding round was led by QED Investors, a top Fintech investor, with participation from Nyca Partners and Team8. The Series B brings the company’s total funding to $78… Read More

July 16, 2025 @ 11:27 am By JD Alois  |  

The One Big Beautiful Bill, signed into law on July 4th, made the Trump tax cuts from 2017 permanent. While opposition leaders have made claims that these tax cuts benefited the wealthy, they really supported the middle segment of society and, most importantly, smaller firms…. 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

July 9, 2025 @ 11:35 am By Omar Faridi  |  

The evolving ecosystem of digital assets presents various challenges for businesses striving to maintain compliance and transparency in their financial reporting. This, according to an update from TaxBit. As cryptocurrencies and blockchain-based assets become integral to global finance, the need for robust, audit-ready accounting solutions… Read More

July 1, 2025 @ 10:44 am By Tony Zerucha  |  

Post-pandemic economic strain and increased digitization are two reasons behind a years-long surge in tax scams, a new report from the Kaplan Group suggests. The Kaplan Group analyzed 1,384 tax scam reports submitted to the Better Business Bureau. So far this year, tax scams have… Read More

June 24, 2025 @ 8:34 am By Omar Faridi  |  

The digital asset ecosystem continues to evolve, driven by technological advancements and shifting regulatory frameworks. Recent updates from the IRS and insights from Taxbit and other industry professionals highlight significant developments in digital asset broker reporting and the growing potential of Bitcoin as a global… Read More

June 19, 2025 @ 11:13 am By JD Alois  |  

The Laffer Curve is alive and well. The economic theory is based on the fact that if people are taxed too much, they will eventually vote with their feet, thereby reducing the tax revenue that policymakers anticipated when raising taxes. It has been widely reported… Read More

June 16, 2025 @ 8:05 am By Omar Faridi  |  

As the digital asset landscape evolves, so too does the global regulatory framework governing it. Starting January 1, 2026, the OECD’s Crypto-Asset Reporting Framework (CARF) and the EU’s DAC8 directive will usher in a new era of tax transparency for digital asset platforms. These regulations,… 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 30, 2025 @ 12:16 pm By Omar Faridi  |  

Starting January 1, 2026, the UK will implement stringent new tax regulations for cryptocurrency firms under the Organization for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF). These rules, enforced by His Majesty’s Revenue and Customs (HMRC), aim to enhance tax transparency, curb tax… Read More

April 29, 2025 @ 4:36 pm By JD Alois  |  

While there has been chatter that some Republicans may look for tax increases, the Small Business and Entrepreneurship Council (SBE Council) expects a pro-growth tax bill to be signed into law. Earlier this month, the SBE Council joined dozens of other pro-business groups telling Congress… Read More

April 1, 2025 @ 8:49 am By JD Alois  |  

After setting an increase in capital gains taxes designed to fill a budget hole, the UK government has adjusted its expectations for an increase in tax revenue, dropping the amount by a whopping £23 billion. Rates are changing, going from 10% to 18% for lower… Read More