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With the IRS hiring more employees, here's who agents may target for audits

The Senate approved nearly $80 billion in IRS funding with $45.6 billion for "enforcement." Here's who may be affected by more audits.

3 years ago

A phantom debt collection scam duped consumers out of more than $1 million. Here are 5 ways you can avoid falling victim

If you receive a surprise call or letter about unpaid debts of which you are not aware, don't panic. Take these steps first.

3 years ago

Airfares, hotel rates and rental car prices fell in July. Here’s how you can score a good deal

The price for major components of vacation travel have declined for two consecutive months, according to the U.S. Department of Labor's Consumer Price Index.

3 years ago

Financial and Legal Requirements When Launching a Company: 4 Facts to Know

Aug 10, 2022 When you are just launching your business and bringing that amazing idea to life, you will be focusing on the creative side of the business. Things like how you are going to produce the product, how you are going to market it, how you can make it better suited to customer needs,


The post Financial and Legal Requirements When Launching a Company: 4 Facts to Know first appeared on National Crowdfunding & Fintech Association of Canada.

3 years ago

Tornado Cash Virtual Currency Mixer Sanctioned by the U.S.

Reuters | Christopher Bing and Daphne Psaledakis | Aug 8, 2022 WASHINGTON, Aug 8 (Reuters) - The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A senior Treasury Department official said Tornado Cash, one of


The post Tornado Cash Virtual Currency Mixer Sanctioned by the U.S. first appeared on National Crowdfunding & Fintech Association of Canada.

3 years ago

1 in 5 insulin users on Medicare has ‘catastrophic’ drug spending, Yale finds. The Inflation Reduction Act may help

Senate passed bill limiting out-of-pocket spending on insulin to $35 per month for Medicare beneficiaries. Other patients still face high costs for treatment.

3 years ago

With or without federal student loan forgiveness, colleges must tackle affordability crisis, experts say

Increasingly, high school students are rethinking the value of a four-year degree. Many want a more direct path to a job without all the debt.

3 years ago

Ken Coates OpEd: Canada Lack’s Purpose

National Post | Ken Coates | Aug 6, 2022 The rules of national competitiveness keep changing. If the last few years were tough, the future looks even more confusing. Is Canada up to the challenges? The apparent answer is disquieting. Canadians should be razor-focused on ensuring the country remains at the top, but worrying signs


The post Ken Coates OpEd: Canada Lack’s Purpose first appeared on National Crowdfunding & Fintech Association of Canada.

3 years ago

Canada’s Open Banking Journey: What Canada Can Learn from the UK | Interview with Helen Child, Founder of Open Banking Excellence

NCFA Canada | Mahi Sall | Aug 9, 2022 Thought Leadership Series of Expert interviews and insights related to a made-in-Canada open banking regime The National Crowdfunding & Fintech Association of Canada (NCFA), true to its mission of providing education, industry stewardship, networking, growth, and funding opportunities for innovative financial technologies and related sectors, is


The post Canada’s Open Banking Journey: What Canada Can Learn from the UK | Interview with Helen Child, Founder of Open Banking Excellence first appeared on National Crowdfunding & Fintech Association of Canada.

3 years ago

4 Ways a Cloud-Based Banking System Can Help Banks Face the Competition

Aug 9, 2022 Having a cloud-based platform is rapidly turning into the standard for IT modernization, especially in the finance and banking industries. At this point, cloud technology is already considered a critical tool and not just an emerging trend or futuristic concept. But while the importance of cloud computing has already been established in


The post 4 Ways a Cloud-Based Banking System Can Help Banks Face the Competition first appeared on National Crowdfunding & Fintech Association of Canada.

3 years ago

On rare days, the market rises 5% — or even 10%, Wells Fargo finds. How to make sure you're there for it

A new Wells Fargo analysis looked at the best 20 days for the S&P 500 between August 1992 and July 2022. Almost half of them occurred amid a bear market.

3 years ago

With 87,000 new agents, here's who the IRS may target for audits

The Senate approved nearly $80 billion in IRS funding with $45.6 billion for "enforcement." Here's who may be affected by more audits.

3 years ago

Inflation Reduction Act extends 'pass-through' tax break limits for 2 more years. Here's what that means for entrepreneurs

Senate Democrats' legislation would continue an existing limit on how pass-through businesses can use losses to reduce their tax bills.

3 years ago

FTX Pay is Integrating with Reddit and Arbitrum

Blockworks | Jack Kubinec  | Aug 9, 2022 In the latest instance of FTX embarking on a massive bear market buying spree, the crypto exchange has struck a deal with Reddit. The crypto-to-fiat exchange platform FTX Pay is integrating with Reddit and Arbitrum to allow users to pay gas fees on Reddit’s “Community Points” tokens


The post FTX Pay is Integrating with Reddit and Arbitrum first appeared on National Crowdfunding & Fintech Association of Canada.

3 years ago

CIBC Partners with U.S. Fintech to Enable Open Banking API

Betakit | Charlize Alcaraz  | Aug 8, 2022 The Canadian Imperial Bank of Commerce (CIBC) has entered a data access agreement with Utah-based FinTech company MX to provide its clients a seamless way to share financial information. By using MX’s application program interface technology (API), CIBC said its 11 million clients will no longer need


The post CIBC Partners with U.S. Fintech to Enable Open Banking API first appeared on National Crowdfunding & Fintech Association of Canada.

3 years ago