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Liberty Tax Selects Xero as Preferred Cloud Accounting
Denver, CO and Dallas, TX, July 13, 2021 (GLOBE NEWSWIRE) — Xero, the global small business platform, today announced that Liberty Tax, with 2700 franchisees across the US and Canada, selected Xero as the preferred cloud accounting software for its new small business service offering. Liberty Tax has more than 12,000 tax professionals in the US and Canada providing tax preparation services for individuals and small businesses. The company will be expanding its services and launching a service for small businesses that includes monthly bookkeeping, payroll services and business loans. Liberty will rely on and integrate with Xero’s cloud accounting
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Consero Named Outsourced Accounting Preferred Provider for the National Venture Capital Association
Bloomberg Tencent Faces Broad China Clampdown on Fintech, Deals (Bloomberg) — Pony Ma’s Tencent Holdings Ltd. has been put on notice.Asia’s largest conglomerate was censured by China’s antitrust watchdog on Friday as Beijing expands a crackdown that began with Jack Ma’s online empire.The token fine is just the beginning. China’s top financial regulators see Tencent as the next target for increased supervision after the clamp down on Jack Ma’s Ant Group Co., according to people with knowledge of their thinking. Like Ant, Tencent will probably be required to establish a financial holding company to include its banking, insurance and payments
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Does America’s preferred student loan repayment program work? ‘That is the big question’
The federal government has consistently hailed income-driven repayment (IDR) as the best way for the tens of millions of American student loan borrowers to pay back federally-held student loans. But experts are questioning whether that system, which adjusts a graduate’s monthly student loan payments based on their income level, is fundamentally broken. “Does income-driven repayment really work? That is the big question,” Persis Yu, director of the National Consumer Law Center’s Student Loan Borrower Assistance Project, told Yahoo Finance. “Looking back, there have been a lot of problems.” ‘Shockingly low rate of cancellation’ IDR plans first came into existence
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