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FinTecBuzz

TaxBit and TAINA announced partnership

Compliance & Scoring

TaxBit and TAINA announced partnership

July 8, 20244 min

TaxBit and TAINA Technology, two industry-leading tax compliance solutions, have announced a strategic partnership to deliver a comprehensive end-to-end tax reporting solution for the digital economy. This collaboration aims to assist U.S. and non-US digital marketplaces with their comprehensive onboarding and reporting needs to navigate the complexities of the evolving global regulatory landscape. In response to the growing gig economy, the IRS has implemented new reporting thresholds, notably for 1099-K forms, requiring gig workers to report income exceeding $5,000 in 2024 and $600 in...

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