Fintech PR
IBN Technologies Declares Support for Taxpayers Facing Increased Oversight in the 2025 US Tax Filing Season
MIAMI, Feb. 7, 2025 /PRNewswire/ — A record-breaking tax collection year in 2024 has prompted stricter oversight and enforcement measures in 2025, as authorities recovered a net total of $68.3 billion in unpaid taxes. With over $104.1 billion collected in outstanding tax assessments, financial accountability measures are being reinforced. In addition to these collections, penalties for late filings reached $25.6 billion, while delinquent submissions accounted for $2.8 billion in recovered funds. Authorities also processed 30,163 Offers in Compromise (OICs), with 12,711 approved, resulting in settlements totaling $214.5 million. The latest developments indicate an intensified compliance landscape that taxpayers must navigate in the 2025 US tax filing season.
Tax Deadline Approaching! To File Accurately & Save Big Click Here!
The shift towards increased oversight stems from the rising number of tax discrepancies and late submissions in previous years. Government agencies are implementing stricter auditing measures and utilizing artificial intelligence to track financial activity more effectively. Enhanced enforcement aims to curb tax evasion, ensuring individuals and businesses adhere to legal tax requirements. Financial analysts suggest that taxpayers must prepare for more detailed scrutiny, particularly concerning offshore accounts, high-income earners, and corporate tax filings.
Amid these changes, taxpayers are urged to meet filing deadlines, understand regulatory requirements, and engage in effective tax planning to mitigate risks. Late filings, reporting inconsistencies, and underpayments are likely to trigger audits and financial penalties. Officials have emphasized the increasing role of digital tools and automation in detecting tax discrepancies. Enhanced data analytics will be instrumental in identifying non-compliance and ensuring all taxpayers adhere to legal obligations.
To avoid penalties and safeguard financial standing, individuals and businesses are encouraged to file early and seek professional tax assistance. Expert guidance can help taxpayers navigate the U.S. tax system with greater accuracy and compliance. IBN Technologies’ professionals provide comprehensive support for tax preparation and assistance in streamlining the tax return submission process.
Ajay Mehta, CEO of IBN Technologies, stated, “The evolving tax landscape necessitates a more proactive approach from taxpayers. Leveraging expert services can significantly reduce the risk of errors and ensure timely compliance. With regulatory bodies adopting advanced tracking mechanisms, businesses must align their financial strategies with compliance requirements.”
Deadlines for the 2025 Tax Filing Season
As the 2025 tax season approaches, taxpayers must be aware of critical filing deadlines to avoid penalties and interest on unpaid taxes. Authorities have outlined the following key dates:
- April 15, 2025 – Deadline for individual tax returns (Form 1040) and corporate tax returns (Form 1120).
- March 17, 2025 – Deadline for partnerships (Form 1065) and S corporations (Form 1120S).
- June 17, 2025 – Deadline for U.S. citizens residing abroad to file without incurring penalties.
- October 15, 2025 – Extended deadline for individuals and C corporations that have filed Form 4868 for an automatic extension.
NOTE: Failure to meet these deadlines can result in significant financial consequences. Late filing penalties may reach up to 25% of the unpaid tax amount, with additional interest applied to outstanding balances. Taxpayers are encouraged to file early and seek professional guidance to ensure compliance with the latest tax regulations.
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Tax authorities are intensifying compliance measures, focusing on those who fail to meet their filing and payment obligations. Late filing penalties can reach 25% of unpaid taxes (5% per month), and a separate late payment penalty of up to 25% (0.5% per month) applies to unpaid amounts. The IRS also assesses minimum penalties, and specific penalty amounts can vary. Taxpayers should consult IRS resources for detailed information. High-income earners and corporations with offshore financial activities face increased scrutiny. While non-compliance doesn’t directly and immediately affect credit scores, unpaid tax debts can eventually lead to actions that may negatively impact them. Accurate and transparent filings are crucial for all taxpayers.
To reduce the risk of financial setbacks and regulatory scrutiny, taxpayers must ensure the accuracy of their filings. Red flags such as income discrepancies, excessive deductions, unreported foreign assets, and undocumented cash transactions may lead to increased oversight, particularly for those filing Forms 1040, 1120 and 1120S Seeking professional tax support can help mitigate these risks, allowing taxpayers to implement strategic tax planning, maintain thorough financial records, and ensure compliance with federal regulations.
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Professional tax services play a vital role in navigating tax complexities. IBN Technologies provides comprehensive tax preparation support, helping taxpayers navigate the complexities of the filing process while ensuring compliance with evolving laws. With a team of seasoned experts, the company offers strategic insights into tax-saving opportunities and facilitates accurate and efficient return submissions. By leveraging their expertise, businesses and individuals can refine their tax strategies and ensure a seamless filing experience with confidence.
“At IBN Technologies, we are committed to delivering seamless tax preparation services. Our expertise allows businesses and individuals to focus on growth while we handle their tax obligations with accuracy and efficiency,” added Mehta.
As regulatory bodies continue to introduce updated compliance frameworks, tax experts stress the importance of maintaining precise financial records. With tax software and digital tools playing a growing role in processing returns, even minor discrepancies can create compliance challenges. The integration of advanced tax solutions, cross-agency collaboration, and heightened scrutiny makes it essential for taxpayers to stay proactive and well-informed about regulatory changes. Experts remain instrumental in guiding individuals and businesses through these evolving requirements, ensuring accuracy and adherence to compliance standards.
For further details on tax regulations and preparation assistance, consult a certified tax professional. IBN Technologies’ experts remain dedicated to delivering reliable solutions that ensure seamless tax compliance as the U.S. tax filing season approaches.
Resources:
Get essential tips to help you complete your 1040 form instantly: https://www.ibntech.com/ebook/form-1040-simplified-your-path-to-tax-success/?pr=prnewswire
Ensure accurate and seamless 1120 form filing with expert support—get started today – https://www.ibntech.com/ebook/tax-return-c-corporations-form-1120/?pr=prnewswire
Streamline your 1120-S filing with expert support—Click Now! – https://www.ibntech.com/ebook/form-1120s-usa-tax-return/?pr=prnewswire
Related Services:
To know more about Payroll Processing Services:
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https://www.ibntech.com/finance-and-accounting-services/?pr=prnewswire
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https://www.ibntech.com/bookkeeping-services-usa/?pr=prnewswire
About IBN Technologies
IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Contact Details:
Pradip
sales@ibntech.com
+1 – 844 – 644 – 8440
USA:
IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130
India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037
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PANAMA CITY, March 15, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce its participation as a Gold Sponsor at the 5th edition of Next Block Expo (NBX), scheduled for March 19-20, 2025, at Multikino Złote Tarasy in Warsaw, Poland. As one of Europe’s premier Web3 events, NBX 2025 is expected to attract over 2,000 attendees, making it a key platform for blockchain innovation and collaboration.
NBX serves as a dynamic hub for industry leaders, startups, investors, and developers, fostering knowledge-sharing and networking opportunities to drive the future of blockchain. As a firm advocate for Web3 advancements, BingX will showcase its ongoing commitment to innovation through an interactive booth, featuring engaging activities, expert insights, and exclusive giveaways. Attendees will gain firsthand knowledge of how BingX supports high-potential blockchain projects with financial backing, technical expertise, and strategic growth consultations.
In addition to its sponsorship, Vivien Lin, Chief Product Officer of BingX, will be a key speaker at NBX 2025, contributing to discussions on strategic trading approaches, risk management, and the evolving landscape of blockchain investments. She will also deliver a keynote speech exploring BingX’s vision for blockchain innovation and how the company translates emerging technologies into real-world applications.
“At BingX, we believe that true innovation comes from bold ideas and strategic execution,” said Lin. “Sponsoring NBX 2025 is more than just a presence for us — it’s a commitment to fostering a thriving blockchain ecosystem. We are here to connect with visionaries, provide the resources they need, and help shape the future of decentralized technology. By empowering builders and innovators, we’re not just supporting projects — we are accelerating the evolution of Web3 itself.”
BingX’s participation at NBX 2025 underscores its long-term vision of driving blockchain innovation and supporting the next generation of industry leaders. As BingX continues to expand its global footprint, initiatives like this sponsorship reinforce its role as a catalyst for growth in crypto space. By engaging with emerging projects, thought leaders, and investors, BingX remains at the forefront of Web3 advancements, bridging the gap between groundbreaking ideas and real-world impact.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
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WEST ATLANTIC CITY, N.J., March 14, 2025 /PRNewswire/ — The Great Bay Insurance Group (the “Group”), a leading provider of coastal homeowners’ insurance in New Jersey, today announced the following leadership changes. Timothy J. Byrne, Jr., has been named as President of the Group and Ronald R. Lovatt has been named President of Great Bay Insurance Company, a wholly owned affiliate of the Group.
Mr. Byrne Jr. has nearly 15 years of industry experience and previously served as the Group’s Chief Operating Officer overseeing the Groups operations and underwriting strategies.
Mr. Timothy J. Byrne, Sr., Chief Executive Officer of the Group, added, “I’m excited to announce the promotion of Tim Jr. to the role of President of The Great Bay Insurance Group and Ron to the role of President of Great Bay Insurance Company. Tim Jr. and Ron have been an integral part of the Group since its founding in 2019.”
As President, Tim Jr. will provide oversight for all corporate support functions and will continue to report to Tim Sr.
Mr. Byrne Jr. holds a BS in Economic and Mathematics from the University of Vermont, an MBA in Risk Management and Insurance from St. John’s University and holds a CPCU designation.
Mr. Lovatt has 40 years of broad insurance industry experience in leadership capacities with international, national, regional and start-up insurance companies. Ron is a founding member of The Great Bay Insurance Group, working with Tim Sr. & Tim Jr. to launch Great Bay in late 2019. Ron currently serves as Chief Underwriting Officer & Chief Claims Officer for The Great Bay Insurance Group, has an MBA from The Wharton School of the University of Pennsylvania, and a Bachelor of Science degree in Economics, Finance, Accounting & Marketing from Miami University.
Contact:
Investor Relations
Brian Schleider, CPA
Chief Financial Officer
609-434-2000, x102
brian.schleider@greatbayinsure.com
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Fintech PR
Forward Global responds to surge in UK shareholder activism with launch of UK Corporate Contests Practice
LONDON, March 14, 2025 /PRNewswire/ — International risk management firm Forward Global launched its UK Corporate Contests Practice on Tuesday in response to what is described as “all-time high of shareholder activism” in London and Paris.
Speaking ahead of the launch on Tuesday night, Brendan Foo, Partner and Global Head of Corporate Contests at Forward Global, said “As activism gains currency as an asset class, savvy investors are looking toward the UK and Europe to generate alpha. Indeed, in 2025 alone, we have seen an unprecedented demand for our services not just in our traditional strongholds of the US and Canada, but also in the UK and Europe. This reflects the surge in activist (and active) engagements, with which our team is uniquely well-placed to assist.”
Forward Global’s Corporate Contests Practice was established to meet demand from law firms, investors, and advisers to provide a comprehensive suite of services to support companies in high-stakes shareholder engagements. In keeping with the firm’s established activism practice in the US, the new London offering will deliver investigative and intelligence work such as vetting board nominees, relationship mapping, scrutinizing the track records of both incumbents and challengers, and conducting deep-dive reputation analyses. In Europe, Forward Global’s Patrice Lambert-de Diesbach offers clients battle-tested expertise in investor relations and financial communications.
Shareholder activism in the UK has expanded significantly, with campaigns becoming more frequent and sophisticated. In 2023, the number of new public activist campaigns in Europe surged by 68%, with the UK remaining a primary target. US-based activist investors have also increased their focus on UK firms, launching 40% of all UK activist campaigns in 2024. With contested boardroom battles and regulatory shifts on the rise, the expansion of Forward Global’s Corporate Contests practice into the UK is well-timed, equipping issuers with the intelligence and strategies needed to navigate this evolving landscape.
The firm launched the new practice at an exclusive gathering at the International Institute of Strategic Studies in London, bringing together leading voices from the shareholder activism space to discuss the evolving landscape of transatlantic shareholder activism.
The panel discussion, featuring Brendan Foo, Patrick J. McHugh of Okapi Partners, and Sebastian Fain of Freshfields, explored critical considerations for US investors entering the UK market and vice versa, differences in engagement styles across jurisdictions, and strategies for issuers to proactively engage with both activist and active investors. Panelists also examined the impact of anti-DEI and ESG sentiment on investor relations in the UK, as well as how issuers can adapt to evolving regulatory and institutional expectations.
John Watts, Managing Partner of Forward Global UK, added, “Forward Global’s new UK Corporate Contests Practice is designed to provide companies with the strategic intelligence and investigative depth needed to navigate an increasingly complex activist landscape. Our team is committed to equipping clients with the tools to engage proactively with investors, safeguard their strategic interests, and strengthen shareholder relations across Europe.”
Notes for Editors
Forward Global is an international group, with its historic headquarters in France, boasting five main offices in Paris, Brussels, London, Miami, and Washington. As a leading player in risk management with over 450 employees and 30 partners, Forward Global offers an integrated approach across the three major risks: digital, economic, and informational.
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