Home Blockchain News Ernst and Young Unveils Crypto Tax Accounting Tool to Help You Pay Bitcoin Taxes

Ernst and Young Unveils Crypto Tax Accounting Tool to Help You Pay Bitcoin Taxes

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Unless you’re tax-evading bitcoin bull John McAfee, this is the time of year when Americans begrudgingly prepare to file their tax returns. To streamline this process, Big Four accounting firm Ernst & Young introduced a cryptocurrency tax tool. Ernst & Young said it designed its EY Crypto-Asset Accounting and Tax (CAAT) program specifically for its clients who invest in cryptocurrencies. The accounting juggernaut said the U.S. rollout of the software is part of its strategy to become a leader in blockchain services. “EY CAAT has the ability to source transaction-level information from virtually all major exchanges. It consolidates data from

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