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Bitcoin Daily: IRS Eyes Hiring Contractors To Help With Crypto Taxes; Phemex Exchange To Launch Subscriptions Instead Of Charging Per Trade

PYMNTS

The IRS is seeking to have contractors assist in auditing digital currency tax returns, according to a post on CryptoTrader.Tax ‘s website. Phemex, however, is providing subscriptions to traders who might not meet the required volume or minimum deposits at other venues. Phemex publicized a $3.5

IRS
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Comprehensive Guide to Account Reconciliation

Nanonets

Automated Accounts Reconciliation software like Nanonets can cohesively consolidate all data sources on one platform, automate the matching logic across external data sources and general ledgers, effectively provide an audit trail, and keep the process transparent for the accounting team personnel involved.

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Stripe Reconciliation: The Complete Guide

Nanonets

Strong financial controls are implemented through automated reconciliation and detailed transaction tracking, safeguarding against errors and fraud. Stripe's scalable solutions accommodate growing transaction volumes and complexities, making it invaluable for businesses with dynamic financial needs. 

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Invoice validation 101: Best practices and automation tips

Nanonets

The invoice is then filed for future reference or audits, completing the validation process. However, in practice, it's often riddled with challenges that can slow down operations and lead to errors. This leads to an overpayment, which is only discovered during the next audit cycle. check, ACH, wire transfer) selected.