The Progressive Accountant - Tax (1558)
Children categories
Tax 1545
The assets of NextPoint Financial, parent of chain Liberty Tax, have been sold after approval by a Canadian Court and under Chapter 15 bankruptcy in the United States.
Liberty and Canadian Community Tax will continue to operate under the ownership of BP Commercial Funding Trust, Series SPL-X
The action was spurred by NextPoint’s disastrous acquisition of LoanMe, which was supposed to be operated in tandem with Liberty as a one-stop consumer operation. NextPoint purchased both LoanMe and Liberty in 2021 but shuttered LoanMe for new loans in July 2023. NextPoint sued AmeriFirst Home Improvement Finance seeking millions of dollars in damage for the alleged failure of AmeriFirst to live up to the terms of a loan servicing contract.
LoanMe, which had continued to service existing loans, will be wound down. NextPoint’s announcement said there would be no assets to distribute to creditors
View items...Navigating the Modern Tax Compliance Landscape: Key Trends and Strategies
- Sunday, 15 December 2024
- Tax
- Written by The Progressive Accountant
Explore the latest trends in U.S. tax compliance, including data analytics, international operations, and ESG factors, and learn strategies to stay ahead in the evolving tax landscape.
Navigating the IRS's New Guidelines on Cryptocurrency Transactions
- Sunday, 08 December 2024
- Tax
- Written by The Progressive Accountant
Discover the latest IRS guidelines on cryptocurrency transactions and how they impact tax compliance. Learn about the importance of accurate reporting and real-world implications for digital currency investors.
Tax Season is Near: How CPAs are Prepping for Potential IRS Overhauls
- Sunday, 01 December 2024
- Tax
- Written by The Progressive Accountant
Explore how CPAs are preparing for potential IRS changes amidst the upcoming tax season, focusing on technology integration and client education to enhance compliance.
Navigating the Complexities of the Inflation Reduction Act for Small Businesses
- Sunday, 24 November 2024
- Tax
- Written by The Progressive Accountant
Explore how small businesses can navigate the Inflation Reduction Act's tax complexities, focusing on renewable energy credits and its impact on future strategies.
Navigating Recent Changes in Tax Legislation: Key Insights for Accountants
- Sunday, 17 November 2024
- Tax
- Written by The Progressive Accountant
Explore the recent changes in tax legislation, focusing on corporate tax structures, compliance, and potential shifts in personal tax deductions, crucial for accountants and businesses.
Navigating the New Tax Compliance Landscape: Key Updates and Best Practices
- Sunday, 10 November 2024
- Tax
- Written by The Progressive Accountant
Explore the latest updates in the tax compliance landscape with IRS's new regulations for digital transactions and inflation-adjusted tax brackets. Learn best practices for proactive compliance and strategic tax planning.
Navigating the Maze: Key Tax Trends
- Sunday, 10 November 2024
- Tax
- Written by The Progressive Accountant
Discover the latest tax trends including IRS updates on digital assets, sustainable tax incentives, and global digital taxation policies.
The Evolving Landscape of Digital Tax Compliance: A Closer Look at Recent Trends
- Sunday, 03 November 2024
- Tax
- Written by The Progressive Accountant
Discover the latest trends in digital tax compliance that are reshaping accounting firms. Explore how automation, data analytics, and cybersecurity are pivotal in the evolving tax landscape.
Leveraging Technology: The Key to Efficient Tax Consulting
- Monday, 28 October 2024
- Tax
- Written by The Progressive Accountant
Explore how technology is revolutionizing tax consulting, enabling efficient processes and accurate results with automation, blockchain, and cloud computing.
The Role of AI in Transforming Tax Consulting
- Monday, 28 October 2024
- Tax
- Written by The Progressive Accountant
Explore how AI is shaping the future of tax consulting with advanced data analytics, predictive insights, and real-time regulatory updates.
Most Read
-
-
May 05 2025
-
Written by The Progressive Accountant
In celebration of National Small Business Week, ADP recently gathered…
-
-
-
Apr 22 2025
-
Written by The Progressive Accountant
Explore the latest U.S. tax regulation changes, their impact on…
-
-
-
Jun 15 2025
-
Written by The Progressive Accountant
Discover how remote auditing is reshaping CPA firms' operations. Learn…
-
-
-
Jun 29 2025
-
Written by The Progressive Accountant
Explore the latest shifts in U.S. accounting standards led by…
-