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Accountancy firm warns SMEs against crowdfunding

AN accountancy firm is urging small and medium businesses to consider the long-term consequences before trying to raise money through crowdfunding and peer-to-peer lending warning there is scope to be "ripped off". CASH FLOW: Brewery company BrewDog is currently attempting to raise £4m through crowdfunding. FRASER...

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Crowdfunding gaining momentum: study

Crowdfunding, a practice which allows startup firms to raise money from small investors over the Internet, picked up steam in 2012 with some 2.7 billion invested, a study showed Monday. The study released by the research firm massolution said the amount raised last year was up...

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Banks to publish local lending data

(Banks feel the competitive force of Peer to Peer lenders and crowdfinance - http://theodi.org/blog/peer-peer-lending-businesses-lead-way-opening-financial-data) Major UK banks will reveal details from January of their lending in thousands of local areas, Chief Secretary to the Treasury Danny Alexander has announced. He hopes publishing lending data across 10,000 postcode areas will boost...

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Crowdfunding: Income or Gift? IRS Taxes and SEC Regulations Could Hurt Startups And Innovation On Kickstarter And Indiegogo

Say you’re raising money on Kickstarter for an independent film project: Are the proceeds a sort of communal gift-giving or simply a clever source of standard taxable income? The distinction matters, but nobody seems to know for sure. The U.S. Internal Revenue Service may have an opinion on the matter,...

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