Tax (1583)
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
Understanding the Recent Tax Amendments: A Paradigm Shift in Compliance
- Tuesday, 25 August 2026
- Tax
- Written by The Progressive Accountant
Explore the recent IRS tax amendments and their implications for business compliance. This article highlights changes in deduction rules, the role of digital solutions, and the increasing importance of accounting firms in navigating these shifts.
The Evolving Landscape of Tax Compliance: Navigating Recent Changes
- Tuesday, 11 August 2026
- Tax
- Written by The Progressive Accountant
Explore the recent changes in tax compliance and the IRS's focus on digital transformations and transparency. Understand the global shift towards stricter tax regulations.
The Evolving Landscape of Tax Advisory in 2024
- Monday, 10 August 2026
- Tax
- Written by The Progressive Accountant
Discover the latest trends in tax advisory, focusing on personalized solutions, technology integration, sustainable strategies, and global tax reforms.
Navigating the Complexities of Recent Tax Regulations
- Monday, 10 August 2026
- Tax
- Written by The Progressive Accountant
Explore the recent complexities in tax regulations and learn how businesses can adapt to changes in IRS guidelines for digital and international transactions.
Navigating the Complexity of Sales Tax Compliance in Today's Market
- Tuesday, 04 August 2026
- Tax
- Written by The Progressive Accountant
Explore how U.S. businesses navigate sales tax compliance in 2023, focusing on marketplace laws, economic nexus, and technological solutions.
Recent Innovations in Tax Compliance Technology
- Monday, 27 July 2026
- Tax
- Written by The Progressive Accountant
Explore the latest innovations in tax compliance technology that are reshaping the accounting industry. Discover how automation, AI, and cloud-based solutions are enhancing efficiency and security.
Navigating the Complexities of Corporate Tax Compliance: Latest Trends
- Sunday, 12 July 2026
- Tax
- Written by The Progressive Accountant
Explore the latest trends in corporate tax compliance, including technological advancements, IRS updates, and international tax regulations. Stay informed on the complexities and solutions for effective tax planning.
Navigating the Current State of Tax Reform: Challenges and Opportunities
- Sunday, 12 July 2026
- Tax
- Written by The Progressive Accountant
Explore the latest discussions on tax reform and its impact on businesses. Understand the challenges and opportunities presented by new legislative proposals aimed at simplifying the tax code.
Navigating the Current Tax Reform: Challenges and Opportunities
- Wednesday, 08 July 2026
- Tax
- Written by The Progressive Accountant
Explore the recent tax reform's impact on businesses, highlighting both challenges and opportunities. Learn about strategic planning and compliance with new IRS regulations.
The Increasing Complexity of Tax Compliance in the Digital Age
- Wednesday, 08 July 2026
- Tax
- Written by The Progressive Accountant
Explore the complexities of tax compliance in the digital age and the role of technology in ensuring timely and accurate reporting.
Most Read
-
-
Mar 05 2026
-
Written by The Progressive Accountant
Learn about the latest trends in accounting technology, including automation,…
-
-
-
Mar 05 2026
-
Written by The Progressive Accountant
Explore how accounting firms are leveraging hybrid work models to…
-
-
-
Apr 26 2026
-
Written by The Progressive Accountant
Explore recent state income tax reforms in the US and…
-
-
-
Apr 26 2026
-
Written by The Progressive Accountant
Explore how cloud technology is reshaping the accounting industry by…
-