Tag: Tax

Tax compliance is becoming an increasingly complex area for many teams, with many stifled by a reliance on out-dated and manual workflows. As firms adopt AI, it could be the secret to finally making tax compliance a streamlined process. 

2024 has brought forth significant updates in tax regulation, essential for financial professionals and businesses alike to understand.

The Australian Parliament introduced the Tax Accountability and Fairness Bill 2023 by Assistant Treasurer Stephen Jones.

Research by Vertex has found a significant trend among global businesses regarding indirect tax compliance.

HubSync, a SaaS software company for tax and accounting automation, has closed its Series A funding round to help it bolster its product development efforts.

 Cryptocurrency tax and payroll platform Toku has secured $20m in a funding round led by Blockchain Capital.

Divly, a FinTech helping simplify tax declarations for the crypto market, has raised $400,000 in a new fundraise.  

MoneyLion, a personalised financial content, financial products and advice firm, has partnered with income tax software company Column Tax.  

Despite the rising usage of cryptocurrency, regulations are still quite bare and confusing. Principal to this is crypto tax reporting, which some countries are setting rules for, before even clarifying taxation laws.

Cryptiony, a cryptocurrency tax automation platform, has reportedly secured €500,000 in pre-seed funding, supporting its launch in the UK.