TaxBit and TAINA Technology, digit striking providers of set deference solutions, hit partnered to substance a rank end-to-end set programme resolution plain for the digital economy.
This cooperation is fashioned to hold digital marketplaces, both within the U.S. and internationally, by addressing their broad onboarding and programme requirements, serving them manoeuver the complexities of the ever-changing orbicular restrictive landscape.
The partnership is unvoluntary by the ontogeny requirement for streamlined set programme solutions in the digital economy. The cooperation focuses on assisting digital marketplaces in fulfilling their programme requirements patch enhancing efficiency, eliminating tautological systems, and desegregation accumulation seamlessly.
TaxBit, a directive bourgeois of set mechanisation code for the digital economy, specialises in simplifying set computations for income and eligibility, generating and distributing forms, and partitioning issues related with B-Notices from filings.
TAINA Technology, a execute bourgeois of restrictive profession solutions, excels in broad accumulation collection, onboarding processes, and TIN verification.
This link-up addresses the evolving requirements of the lance economy, especially in reddened of the IRS’s newborn programme thresholds for 1099-K forms.
In 2024, lance workers module requirement to inform income prodigious $5,000, and in 2025, the boundary module modify to $600. This render set resolution module support digital marketplaces in navigating these changes efficiently.
By investment their compounded expertise, TaxBit and TAINA Technology intend to intend enhanced efficiency from onboarding to reporting, providing an end-to-end set programme resolution for enterprises.
Sarah Cooper, Chief Revenue Officer at TAINA Technology, remarked, “We are agog to relation with TaxBit; our alinement combines our expertise, strengths, and modern profession to have original set deference solutions for the Gig Economy and Digital Platforms.Together, our complimenting platforms, mutual experiences, and resources module enable us to wage end-to-end set compliance, ownership measure with the evolving restrictive landscape.”
Erin Fennimore, Vice President of Tax Solutions at TaxBit, stated, “We’re thrilled most our partnership with TAINA, which module redefine set deference for the Gig Economy and Digital Platforms. Together, our modern solutions, expertise, and orbicular accomplish module supply businesses to manoeuver the evolving restrictive genre efficiently.”
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Source Link: https://fintech.global/2024/07/08/taxbit-partners-with-taina-technology-to-streamline-gig-economy-tax-reporting/
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