TaxBit and Taina Technology Join Forces for Gig Economy Compliance

Tax compliance solution providers TaxBit and Taina Technology have partnered to offer a comprehensive tax compliance solution aimed at digital marketplaces, particularly addressing the needs of gig workers. This solution is designed to help businesses navigate the complex global regulatory landscape, with Taina handling data collection and TaxBit simplifying tax computations and form management. The initiative is timely given evolving regulations, such as the new IRS 1099-K reporting thresholds for gig workers in the U.S. The partnership aims to enhance efficiency from onboarding to reporting, addressing challenges such as risk, cost, and lack of insights with advanced technology and data.