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Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

Smaller firms, for example, are likely to bear the brunt of financial pressures introduced by the reforms with hiked compliance costs that come with implementation of new safeguarding workflows, engaging with auditors and fulfilling enhanced reporting requirements.

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From Paper to Digital: The Evolving E-Invoicing Mandate

Trade Credit & Liquidity Management

This includes knowing required documentation (commercial invoices, certificates of origin, packing lists), tax implications (VAT, withholding taxes, double taxation treaties), currency regulations, and customs codes. This collaboration helps avoid discrepancies and audit risks. In Summary.

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Regulatory Challenges in Cryptocurrency Taxation Across Different Jurisdictions

Fintech Review

Major Regulatory Hurdles The regulatory challenges in cryptocurrency taxation are vast and multi-faceted. Countries are increasingly turning to cryptocurrency exchanges to report transactions and assist in the enforcement of laws. Global inconsistency in taxation rules also poses significant challenges.

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Unlock Efficiency with Small Business Accounting Software

Nanonets

The software can generate crucial documents such as W-2s, 1099s, and sales tax reports, simplifying the filing process and ensuring compliance with reporting requirements. Look for software that offers bank-level encryption, data backup and recovery options, and multi-factor authentication.

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The top 15 best expense management software in 2023

Nanonets

Top features: Rewards and incentives in the form of cashbacks Easy-to-use cards, spend limits, approval flows, vendor payments Average savings of 3.5% As an expense management software, Nanonets stands apart from its competitors with its unique features and capabilities.

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The Ultimate Expense Management Guide for Businesses

Nanonets

As InnovateX opened a new office in another country, the system was already able to handle multi-currency expenses and different tax regimes. Moreover, for businesses operating internationally, managing expenses in multiple currencies can be intricate. Effective expense management directly contributes to profitability.

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The payments regulation roadmap: Q2 2025

The Payments Association

The FCA has made clear this is a supervisory priority, and given that the rules were published in 2021, it is likely to penalise firms that have not implemented the requirements by the deadline of 31 March 2025. The FCA appears to be preparing for supervisory action in this area.