Sheridan, Wyoming, United States, 12th Dec 2022 – KOOPVerse, the metaverse ecosystem, will bring the first-of-its-kind metaverse tribute on-stage event. The company is developing a unique virtual Arena with VR / AR tools for this event. In the latest record, KOOPVERSE introduces the next level of technologies to their audience with real-life interaction and experience.
KOOPVERSE team specifically develop the concepts of the latest VR / AR Metaverse, where people can interact with each other virtually but with real-life experience. Koopverse is developing an online Virtual Arena with VR / AR facilities for audiences worldwide to maximize the benefit of the next level of the online events industry. This tribute event will be LIVE on 29 – 5 – 023 at Koopverse Arena (Online).
The teaser is out for the Metaverse event. People can check out their Teaser video. Moreover, for the tickets, users can purchase with the connected wallet. If there is any problem while purchasing the ticket, don’t hesitate to contact the KOOPVERSE team by email or visit their FAQs to follow the steps.
It will be the most appealing tribute to the legendary musician, rapper, actor, and songwriter, the Greatest Sidhu Moose Wala. He is well known as the “cultural icon of Punjab”. Sidhu Moose Wala released many hit songs. In 2019, Spotify included him in the list of the most famous artists in Punjab.
Interested people play a vital role in this tribute event. For participation by any fan, follower, influencer, colleague, friend, or family of the greatest Sidhu Moose Wala, kindly email the team with a short video or audio clip for 1-2 minutes. The event management will select the most relevant material, which will be included in the event accordingly.
About the company – KOOPVERSE
KOOPVERSE is the metaverse ecosystem that will bring the first-of-its-kind metaverse tribute on-stage event to Great Sidhu Moose Wala. KOOPVERSE is developing a unique virtual Arena with VR/AR tools for the events industry and the team is dedicated to introducing the next level of technologies to their audience with real-life interaction and experience.
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Nugencoin (NUGEN Universe LLC) has officially announced the Ribbon Cutting Ceremony of their new office in Florida has been successfully inaugurated by Kent Guinn, The Mayor of Ocala, Florida on 5 December 2022. They have also achieved the new listing of their NUGEN Coin (native utility token of NUGEN Ecosystem) on CoinMarketCap and Coingecko, and the launch of their Metaverse, Nugenverse!
Could there be a better occasion for the NUGEN Universe? Definitely a moment to cherish all life.
NUGEN Universe LLC, a successful crypto initiative, has officially confirmed that they had a ribbon cutting ceremony with Kent Guinn, the Mayor of Ocala, Florida, on 5 December 2022. This ribbon cutting ceremony was planned at their Florida office as a matter of celebrating their launch of BRITTO Bank, new listing of NUGEN Coin (native utility token of NUGEN Ecosystem) on CoinMarketCap and Coingecko, and the launch of NUGEN Universe.
With the beta launch of Nugenverse, their official metaverse platform, and the NFT marketplace in the previous weeks, it is good to see NUGEN Universe expanding its forte unceasingly with the real-time products to give crypto admirers a whole new experience. Most importantly, NUGEN Universe completes the checklist by following their strict roadmap at all times, and this significantly increases the trust factor among the global audience.
“This is a fantastic start to our long-standing vision. We are super-thrilled to introduce our state-of-the-art BRITTO Bank and vibrant NUGEN Universe. Also, we believe CoinMarketCap and Coingecko listing will be excellent news for our community members,” says Fazil M Jabar, CEO of NUGEN Universe.
One of the main events of the ceremony is to announce the roll out of BRITTO Bank. NUGEN Universe has acquired BRITTO, a trusted and prestigious financial capital, to bestow advanced and seamless web3.0 banking solutions. BRITTO Bank is one of the fully-functioning fintech institutions in the NUGEN-BRITTO ecosystem, which will be open exclusively for the people of the United States. Following the US, BRITTO Bank will also be launched in the United Kingdom, Slovakia, and Canada. NUGEN firmly believes that their vision to empower people to use cryptocurrencies for their day-to-day lives will come into effect through such sophisticated web3 banking solutions.
On the other side, NUGEN coin, the indigenous token of the NUGEN Universe, has been listed on the globally recognized crypto listing websites, which are CoinMarketCap and Coingecko. This is very big news for the holders and the early adopters of the project. The real-world utilities and digital world utilities of the NUGEN coin provides genuine value to the holder’s portfolio and increases its worth over a period of time. It bestows instant access to all the services across all products available under their hub, thereby forming the equation: One coin = numerous perks.
Furthermore, Shamla Tech is one of the masterminds behind NUGEN Universe who strives to bring their roadmap into reality. Shamla Tech is a leading metaverse development and blockchain development company with a wide range of clientele across the US market and other parts of the world. This strong collaboration will further launch other products that are in the pipeline, and NUGEN Universe will not rest until it accomplishes its dream of “everyday crypto,” right from purchasing toothbrushes in the morning to paying restaurant bills in the evening.
Be a part of the NUGEN Universe community to receive the latest updates!
Keep an eye on their social media handles to get all the latest updates.
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Read the complete article to know benefits to use of QuickBooks Accounting Software for Business
United States, 12th Dec 2022, King NewsWire – As businesses grow and evolve, so too does their accounting needs. Gone are the days when a bookkeeper can handle everything on their own. Today’s businesses rely on sophisticated accounting software to help them track their finances and make informed decisions. This is why it’s so important to choose the right business accounting software for your needs. Not only will this QuickBooks software save you time and effort, but it will also help you keep your business organized and compliant with tax laws. Let us help you find the right business accounting software for your unique needs. We offer a wide range of options that fit any budget and meet any business needs.
What is Accounting Software
There are a variety of business accounting software programs on the market today. Each has its own features and benefits, so it is important to choose the right program for your needs. One popular type of business accounting software is general ledger software. This program helps businesses keep track of their finances by tracking transactions and creating reports. General ledger software can also help companies prepare financial statements and tax returns.
Another type of business accounting software is payroll software. This program helps businesses process employee paychecks, track employee hours, and calculate taxes. Payroll software can also help businesses manage company payrolls and human resources files. Some other types of business accounting software include inventory management software, sales management software, and cash flow management software. Each of these programs has its own unique features that may be helpful in managing your business finances. It is important to choose the right program for your needs based on the specific tasks you want to accomplish with it.
Benefits to Use of QuickBooks Accounting Software for Business
There are many benefits to using accounting software for business. This can help with everything from tracking finances to creating reports and budgets.
One of the biggest benefits is that it can help you keep track of your finances. Accounting software can help you record sales, expenses, and earnings for each day or fiscal period. This can save you a lot of time and hassle in preparing your financial reports later on.
Another benefit is that it can create reports and budgets. Accounting software can generate detailed reports on a variety of topics, such as income and expenses, sales by product category, or costs and profits by department. This information can be helpful in making decisions about how to allocate resources or plan future budgets.
Finally, accounting software can help improve efficiency within your business. It can automate tasks such as bookkeeping, invoicing, payments processing, and more so that you can focus on more important things like growing your business.
How to Use Best Accounting Software
Different accounting software can provide different features and functionalities that can be valuable to businesses. There are many different types of accounting software, so it is important to choose the one that will work best for your individual business needs. To find the best accounting software for your business, consider the following factors: -What types of transactions will be tracked? -How complex is the bookkeeping process? -How much computer memory and disk space are needed? -How much training does the software require? -Is there a support hotline or online help available?
Once you have determined which type of accounting software will work best for your business, it is time to choose a software provider. There are several reputable providers available, so it is important to do your research before making a decision. Be sure to read reviews and compare pricing before making a purchase. Additionally, some providers offer free trials so you can try out their software before committing to a long term subscription.
Conclusion
Business accounting software can play an important role in helping you keep track of your finances and manage your financial information. There are a number of different programs available on the market, so it is important to choose the one that will meet your specific needs and requirements. Once you have found the right program, make sure to learn how to use it properly so that you can get the most out of it.
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London, United Kingdom, 12th Dec 2022 – DPS Cyber Security has grown as a platform for cyber security. Recovering customer digital and cryptocurrency assets is its primary business. The organization is dedicated to protecting consumers and cryptocurrency dealers’ digital assets, claims the most recent report. The firm ensures that cybersecurity precautions are in place, crucial connections are covered, liabilities are minimized, and risks are raised.
To expand its capabilities, DPS Cyber Security creates additional services:
The company has created a new team to lessen the possibility and effect of cyber threats and to safeguard the information that DPS has been authorized with. The group regularly assesses its vulnerabilities and employs risk management techniques. It also provides support for recovering lost cryptocurrency from Forex trading.
The Operations Team manages a Security Operations Center that is fully operational and offers agencies a mechanism to help them respond to threats. Digital assets are safeguarded. Considering its resources and prestige, hackers will continue to target people. DPS Cyber Security can assist its staff in using the appropriate cyber security solutions to counter ever evolving and sophisticated threats.
Users of DPS Cyber Security have access to a database of private data that includes criminal histories, the information provided by members of the public when they request the recovery of their crypto assets, and details on ongoing criminal investigations. If the DPS Online Security team is to prosper in the cyber realm, they must remain vigilant. With the latest development, the organization has offered assistance with Forex trading stolen cryptocurrency recovery.
The company offers its customers access to a wide range of services that can manage and enhance their security function throughout its Cyber Security Services 3 Dynamic Purchasing System (DPS). Additionally, this group guides how to recover stolen cryptocurrency.
By having customers fill out the requirements, DPS Cyber Security makes choosing a cyber security system more accessible. Then, their vendors will contact them to discuss how they may assist the business’s customers. People can customize the DPS to meet their needs by filtering it according to the type of service and promise they are looking for. The experts at DPS also teach their customers how to get their stolen cryptocurrency back.
Many cyber victims turn to DPS Cyber Security for help to deal with the ever-changing latest threats or reorganize their security functions. Their cyber security experts will offer their users advice and assistance so they may pick the best goods for their company’s needs. It also makes the process of getting your investment in cryptocurrencies back easier.
As a result, all these recently formed organizations have simplified the process of obtaining the funds refunded from bitcoin investments.
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Chao Chu Kang, Singapore, 11th Dec 2022 – Floki Santa is a brand-new decentralized cryptocurrency platform that is building the on-ramp layer for massive Web3 adoption, providing tailored SocialFi products for users to enter the new world of web3. The team is also pleased to announce its exclusive Fair Launch Presale on PinkSale in the latest development.
With the new developments and tokens, Floki Santa team has brought new ecosystems for its holders. It facilitates its users with its all-in-one mobile app to earn $FLOKISANTA. Users will be able to download the app in Google Play or App Store to enjoy the following utilities:
Play-to-earn
Referral Program
Team Creation
Staking Vault
Swap
Wallet
NFTs
IDO Presale
The PinkSale’s fair launch will deliver the brand new $FLOKISANTA meme token before Christmas holiday in 2022. Floki Santa team will create massive marketing campaigns including 350+ call groups, AMAs with big influencers, and 450+ press release announcing new updates about the project and IDO details.
The token details and tokenomics of $FLOKISANTA are as follows:
Token allocation: Presale 30%, Liquidity 18%, Staking 20%, Community Reward 15%, CEX Listing 15% and Fee 2%
About the Company
Floki Santa Limited is a tech company on a mission to unlock the benefits of blockchain for every business, industry, and creator. That starts (and scales) with Web3 infrastructure – the underlying technology Fortress has built to help shift from Web2 to Web3, wherever our partners may be on their blockchain, NFT, or crypto journey.
For further information, visit the following links:
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London, United Kingdom, 10th Dec 2022, King NewsWire – With the explosive and rapid development of the market for financial derivatives such as commodity futures in 2019, according to the data from Coinmarketcap, by April 2022, the volume of electronic transactions had reached US$ 177 billion, up 123.8% from 2019 in 2020, up 111.8% from the 12% growth rate in 2018.
Established in 2015, DailyIG is an online electronic platform for professional contract transactions in foreign exchange, commodities and indices under the UK IG Group, which is licensed by the Bermuda Monetary Authority. With offices in London, New York, Chicago, San Francisco, Dallas, Frankfurt, Melbourne, Krakow, Johannesburg and Singapore, we are able to meet customers from different countries in the world to trade. As the world’s most diversified market leader in derivatives, we handle an average of 1 billion contracts worth approximately US$ 100 billion annually.
Meanwhile, DailyIG has formulated service standards and products with more local characteristics according to the user habits in different regions, and is one of the world’s leading electronic trading platforms for foreign exchange, commodity and index transactions.
DAILY IG Highlight Features 1. Financial instruments DailyIG’s financial instruments enable global investors to make strategic decisions and accurately grasp financial market developments. 2. Technical analysis Daily IG’s research department is responsible for the fundamental and technical analysis of foreign exchange, commodity, stock index, macro and micro economy in the international financial market, providing users with original and high-quality financial news content and investment strategy analysis. 3. Online lectures DailyIG senior analysts interpret the latest economic data events online daily, exchange market information and technical strategies, and provide interactive answers. 4. Advanced learning DailyIG has a wealth of trading learning materials, ranging from basic to advanced trading guides and advanced learning materials from theory to practice. A large number of popular science articles on finance and economy have given you a better understanding of the market.
DAILY IG Platform Benefits
1. Financial security The funds in your platform account will be subject to banking supervision and will exist as a separate account. 2. First-class platform Strong technical and algorithmic support enables customers to trade quickly on the platform while enjoying government supervision. 3. Large market scope Trading in more than 18,000* markets, including 24-hour index more than any supplier and you can trade anytime, anywhere, without time node restrictions.
In order to diversify our customers’ investments, the Company entered into strategic cooperation with Coinbase Wallet, Crypto Wallet, Trust Wallet and MetaMask Wallet in January 2022. The platform is accessed directly from the platform of the digital currency Stock Exchange. Let global traders trade in the fastest and safest way, and let customers have a better investment environment.
DAILY IG sticks to technology-enabled finance and continues to achieve wealth security and asset value addition for its customers, aiming to become the world’s fastest-growing online technology transaction service provider.
We have always been a pioneer in the industry and won many awards. We will continue to build on the industry’s leading financial trading platform in our future development and devote ourselves to the continuous innovation of artificial intelligence and trading technology, so as to provide our customers with better online financial trading products. At the same time, we are committed to building a lasting and stable customer relationship with customer interests at the core of our business model.
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Delhi, Delhi, India, 9th Dec 2022, King NewsWire– TheServerHost New Japan VPS Server Hosting Plans comes with KVM virtualization and at Cheap Cost. Delivery take from few hours to max 24 hours with complete Managed Services and expert technicians to resolve any query and issue on priority. It provide various features to keep to business sites and application online every time.
TheServerHost offers client a range of options when it comes to selecting the best Japan VPS Server Hosting provider. From TheServerHost unmetered bandwidth to advanced control panels, client can rest assured that VPS Provider will provide client with everything client need to run online business smoothly. VPS Provider also provide round-the-clock customer service and technical support.
Flexible: Having a Japan virtual private server or VPS is one of the best ways to run client online business without having to pay a fortune. VPS hosting gives client the flexibility to host multiple websites and still be able to run users online business efficiently. Client can also install a variety of third party components and applications without having to worry about interference.
Managed VPS: The most popular type of VPS is the managed VPS, which uses pre-installed server administration software. You can manage all your domains, files, and databases through the Control Panel, which is supplied by your host. You can also create user roles that allow you to manage specific systems, such as emails and CMS.
Scalable: TheServerHost dedicated Japan VPS servers are a great option for companies that are looking to scale up server capacity without having to invest a lot of money. VPS Provider offer high disk space, unmetered bandwidth and a powerful control panel. VPS Provider also provide dedicated IPs and free technical support. TheServerHost servers are also built with enterprise-grade equipment to ensure that client get the best performance possible.
High Performance: Choosing a Japan VPS Server Hosting provider can be a smart decision if client want to improve the performance of online business. It Comes with SSD Drive and High no of core and Ram with fastest processing from eCommerce to gaming site. SSD is much faster than HDD.
Unmetered bandwidth: Having an unmetered bandwidth is a smart way to boost user website’s traffic. Unmetered bandwidth gives client the opportunity to expand user website without worrying about limited bandwidth. Client can expect faster loading of user website as well. Unmetered bandwidth is also a good way to improve user site’s speed. VPS Provider provide round-the-clock technical support as well as backups and security features. VPS Provider even offer DDOS protection. VPS Provider also offer a free website setup service.
Full Root Access: Using TheServerHost Best Japan VPS Server Hosting Provider allows client to gain control over own server. Client can increase user server’s bandwidth, configure user server, and install any application or software client wish. Having full root access is a must for better security and better performance. The company also has a streamlined control panel that allows client to easily monitor user server’s performance. It also offers security upgrades, security scans, backups, and live chat. It also allows client to use a custom operating system and configure user own DNS servers. Client can also use user own email server.
Technical Support: TheServerHost provide a variety of support options. This can include help with server errors, custom software, and network problems. The VPS server has several features, such as multi-level virtualization and the ability to reboot and turn on user VPS at user whim. Client can also use the software to check out the performance of user SSD server. The Company expert technical staff available 24 / 7 – 365 days to solve any query over support tickets, Skype and calls.
Conclusions: Having a VPS server is a great way to make user website or blog available to a wide variety of people. However, it’s important to choose a reputable provider to make sure to get the best service possible. There are several factors to consider when choosing a VPS provider, such as provider support and security. Some software can be installed automatically, while others require the help of a technical specialist.
About Company TheServerHost
TheServerHost is a leading Japan VPS and Dedicated Server Hosting Provider offering completed end to end managed services like daily Backup, Resource, Bandwidth and traffic monitoring, Operating System and software up gradation, any custom installation etc.
Using purpose-built, globally distributed data centers, TheServerHost VPS hosting offers the reliability of a dedicated server, the flexibility of a cloud service, and the cutting-edge computing power of a dedicated machine. The company’s servers are located in strategic locations around the world, including the US, Canada, and the Middle East.
Data Center at and IP based at Akita, Tokyo, Sendai, sapporo, Nagano
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Torronto, Onterio, Canada, 9th Dec 2022, King NewsWire – The U.S. Labor Department just announced that the country’s Consumer Price Index (CPI) increased 7.7% in just a year. In November 2022, the CPI increased by 0.4% Month-over-Month. This is America’s greatest inflation rate in a very long time and much higher than analysts had anticipated. Therefore to hedge against inflation, many investors are considering physical gold through IRA (Gold IRA Investing) since it has a history of stability compared to stock.
The Federal Reserve increased interest rates dramatically and swiftly to a range of 3.0%–3.25%, which led to the inflation report. As a result, the cost of food, housing, and medical care all increased more rapidly.
To cope with growing prices at gas stations, grocery stores, and everywhere goods are sold, Americans have already been compelled to stop retirement plan investments due to the highest inflation in decades.
The value of America’s retirement savings drastically dropped in only a few short years of the continuously high inflation and fast-rising interest rates that contributed to the rise in economic volatility. Approximately $3.4 trillion in value was lost from IRAs and 401(k)s in the first half of this year, according to Alicia Munnell of Boston College’s Center for Retirement Research.
If there’s no practical solution, many financial industry experts have stated that the problem could worsen considerably in the upcoming years. For example, in the United States, people 65 and over made up roughly 17% of the population two years ago. By 2030, that percentage is projected to be about 21%.
Americans with retirement funds are turning to Gold IRAs
Silver and gold IRAs are receiving more attention as alternative investments. They are frequently seen as a safe haven. Throughout American and global history, gold and silver have been beneficial to people. The most dependable product to protect against inflation and financial crises is frequently gold and silver.
“The worth of American retirees’ retirement assets are constantly decreased by the Federal Reserve’s monetary policies, the digitization of money in banks, market volatility, and a variety of other economic threats”, according to David, CEO of Gold For Protection LTD.
Incorporating a self-directed IRA into retirement portfolios, according to David, has given many Americans peace of mind about their retirement years. According to him, these precious metals not only have the propensity to hold their value during periods of inflation but also frequently do so even in challenging times, which attracts retired investors looking to protect their funds.
According to David, gold and silver IRAs can increase returns while lowering risks through efficient diversification in prosperous and challenging economic situations.
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“ Provide a sustainable instrument for social-financial web 3.0 program, power the vitality of the future blockchain economy.”
The Geek Protocol consists of multi-functional Dapps and architectures that work together to build a robust ecosystem that makes it simple for new investors and traders to use decentralized finance in the blockchain.
We at Geek Protocol are willing to take that risk, to reach out to new people, and to convert knowledge and information to them. To that end, we design products that blend the real world with blockchain technology so that our customers can expect the unexpected when entering this future market.
2. Geek Network:
2.1 – GEEK Chain: GeekChain is a decentralized proof of transaction and delegated proof of stake (DPoTS) consensus protocol that is designed to allow users to mine GEEK coins while they execute a series of DeFi and NFT transactions on the protocol. GeekChain brings simplicity and ease of use to the developing DeFi market, which in its current state remains hamstrung by exorbitant network fees and transaction times.
2.2 – DeFi:
2.3 – Social-Fi with Gamified Learning Program:
2.3.1 – Geek University: At Geek University, we have every article covering a variety of crypto-related topics.
We recognize that newcomers to this profession frequently experience discouragement. Our guides are specifically designed for anyone interested in learning about crypto, blockchain, and the web3 business. Here you may get market analysis, lessons, and even altcoin comparisons.
2.3.2 – Geek Gamified Learning: Geek Protocol combine this rapidly growing Play to Earn concept with crypto knowledge, and you could have a massive opportunity for new Quiz to Earn approaches to transform both EdTech and Blockchain sectors. GeekQuizz is a revolutionary quiz-to-earn game that resides on the BSC chain. GeekQuizz rewards members with GGOLD when they attempt the quiz game.
3. Products of Geek Protocol:
GeekQuizz is the first DApp of Geek Protocol, we localize it geographically. GeekQuizz Combine this rapidly growing Play to Earn concept with crypto knowledge, and you could have a massive opportunity for new Quiz to Earn approaches to transform both EdTech and Blockchain sectors. GeekQuizz is a revolutionary quiz-to-earn game that resides on the BSC chain. GeekQuizz rewards members with $GEEK tokens when they attempt the quiz game. All quizzes are related to crypto and blockchain. With this, GeekQuizz seeks to spread awareness among the members about crypto technology, new developments in crypto, and the latest trends in crypto.
Not only that, GeekQuizz provides users with the miniaturization of blockchain. You can become a blockchain miner without too many complicated procedures, based on the proof of work concept, all you need is only effort and time. GeekQuizz also allows you to earn extra income based on interactions and referrals, users can make money from referring new users.
Users can participate in quiz & other activities in the future to earn GeekGold, and it will be unlocked into GEEK token when certain milestones is achieved. Then at user’s sole discretion, GEEK will be the medium for the actual off ramp into stable-coin. There is a custodian wallet for user’s in-app earnings, none of GeekGold can be transferable out of this in-app wallet. GEEK, the accounting unit and GeekGold, the exchange unit for off-ramp, GeekGold have NO intrinsic value outside of QuizzGeek or other Geek ecosystem Dapp in the future.
Majority of our users are first time web3 users, you can find them using mostly only Facebook, WhatsApp and TikTok. To get them in touch with web3, we are working closely with BNBChain with its robust DeFi infrastructure to supercharge our web3 adoption. In the in-app experience, GeekGold can be off-ramp into GEEK in app.
4. Geek Protocol Highlight
-> A rapidly growing community portal to showcase web3: Geek is building a user-facing suite of products with compelling offers and gamified experiences for new users.
-> Innovative Educational Methods: An In-App Gamified Learning Experience & Geek University provides a visual flowchart for educating web3 users. Geek Protocol will continue to launch more educational initiatives to promote widespread use by users.
->Social Expansion: the establishment of a highly connected group through social referrals. By sharing, users can create and monetize new web3 developing models.
-> Integrated solutions for businesses: Connected plans to provide seamless web3 integration solutions for businesses with integrated infrastructure.
5. $GEEK token and GGOLD
GEEK is the governance token of the whole protocol.
GGOLD is the ingame cash that can be converted to NFTs and level up your game.
The globally transferable token for Geek Protocol is GEEK. It will be listed on Pancakeswap in the coming December. GEEK is the only global pass for all community members to participate in various economic activities around the Geek ecosystem. As our ecosystem and user base grow, the platform will be generating more revenue streams from user attention, and so will the functionalities and perks associated with $GEEK. We are quite optimistic about the future expansion plan and the vibrancy of GEEK network. More use cases & products will be released continuously in the next few months, building on top of $GEEK & Geek Protocol.
Majority of our users are first time web3 users, you can find them using mostly only Facebook, WhatsApp and TikTok. To get them in touch with web3, we are working closely with BNBChain with its robust DeFi infrastructure to supercharge our web3 adoption. In the in-app experience, GGold can be off-ramp into GEEK in app.
The system & Pancake pool is not designed for speculative trading purposes on GGold. We expect to see more GGold get minted as more and more users participate in GeekQuizz. Please DO YOU OWN RESEARCH on any speculative decision.
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San Jose, CA, United States, 8th Dec 2022 — FlyFin, the world’s number one AI-based tax preparation and tax filing service, introduced a list of tax hacks to help self-employed people save on their taxes. FlyFin’s new resources offer a variety of ways to reduce taxable income and directly lower the amount of tax owed. The new resources cover a variety of topics, including strategies for responsibly paying taxes, highlighting potential penalties and deductible expenses that may not be on the radar for many taxpayers.
In particular, the American Rescue Plan Act of 2021 resulted in a new IRS rule requiring a $600 threshold on payment apps such as Venmo, Zelle, Cash App, etc. In response to this new tax law, FlyFin’s new resources aim to simplify the tax filing process around the new tax filing rule. According to the SBA, there are approximately 30 million small businesses, freelancers, solo-preneurs and independent contractors in the US as of 2019. The new tax rule will affect this collective group for the 2022 tax year in the following ways:
Freelancers and gig workers will be required to report any payments of $600 or more made through payment apps, regardless of the number of transactions, as income on their tax returns.
Small business owners will be required to issue Form 1099-K for payments of $600 or more made through payment apps, regardless of the number of transactions. A 1099-K form must be filed with the IRS by January 31 of the following year.
Freelancers and gig workers will be required to pay self-employment taxes on any payments of $600 or more made through payment apps, regardless of the number of transactions.
Small business owners may be penalized for failing to issue Form 1099-K for payments of $600 or more made through payment apps, regardless of the number of transactions.
“We understand that navigating the world of taxes can be very challenging, especially for self-employed individuals. That’s why we’re excited to offer these new tips and strategies to help our customers save on their taxes in a tax environment that’s always changing, so that they can meet their tax obligations with as much tax savings as possible. FlyFin’s goal is to give our customers all the knowledge and tools they need to make the most informed decisions about their taxes. We’re constantly updating our resources to ensure that our customers have access to the latest information and strategies,” said Jaideep Singh, Co-founder and CEO of FlyFin.
Building upon the company’s award-winning AI platform, FlyFin has assembled a comprehensive Tax Resource Center that helps freelancers and self-employed individuals prepare and file their taxes. Taxpayers can quickly find topics around self-employment, tax deductions, self-employed retirement plans, as well as practical how-to guidance. To demystify tax preparation, FlyFin’s growing Tax Resource Center offers free tools, calculators, guides, tax forms, and more.
About FlyFin FlyFin is an award-winning, AI-powered, web 3.0 platform that provides self-employed, sub-contractors, independent contractors, gig workers, freelancers and creator economy workers with a convenient, easy-to-use and affordable tax filing solution. FlyFin helps individuals maximize self-employment tax deductions and income tax refunds. With a “Man + Machine” approach, FlyFin leverages AI paired with highly experienced tax CPAs to deliver automation that eliminates 95% of the work required for 1099 self-employed individuals to prepare their taxes. FlyFin is a privately-held, venture-backed company based in San Jose, California.
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