XTM Inc. Sees Immediate 300% Spike in Inbound Sales Leads Following Record-Attended Gratuity Tax Compliance Webinar
2022-11-09 08:30 ET - News Release
XTM, Restaurants Canada and James Rhodes, Leading Hospitality Tax Lawyer Addressed Tax Risk Mitigation for Gratuity Disbursements
Company Website: https://xtminc.com
MIAMI & TORONTO -- (Business Wire)
XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech creator of disruptive payment innovations specifically for service industries including hospitality, personal care and service staff, saw a 300% surge of inbound new business leads within a few hours following the record-attended webinar hosted with Restaurants Canada, an industry-leading non-profit association representing over 30,000 foodservice providers and James Rhodes, leading hospitality tax lawyer. The webinar was curated to provide strategic solutions for hospitality professionals to ensure restaurants are tax compliant on gratuity payouts.
The webinar imparted important distinctions between direct versus controlled tips, with actionable solutions that restaurant owners can implement to ensure tip compliance. James Rhodes referenced XTM as the solution to support compliant payout best practices. For a copy of the recorded webinar please contact compliance@xtminc.com.
With XTM firmly established as the contender in Canadian restaurant technology payments, it is focused on rolling out its Earned and Early Wage Access solution to hospitality businesses in the United States.
“A bigger market calls for a bigger commitment, investment and more time to market,” said Marilyn Schaffer, CEO, XTM. “The United States represents ten times our market, ten times the opportunities and huge multiples. We’ve been developing the hospitality and staffing market with an innovative, one-of-a-kind payment model that is seeing tremendous traction. With our banking and compliance approvals near-complete we have a robust pipeline, signed clients and some in early stages of onboarding.”