EY to Collaborate With TaxBit on Digital Asset Tax Reporting

EY plans to work with TaxBit to help organizations meet tax reporting requirements for digital assets, according to a news release Friday. The EY-TaxBit Alliance aims to address tax reporting requirements, regulatory deadlines, and faster cryptocurrency and tax accounting software for organizations, Ernst & Young said. The alliance, which falls under the EY Digital Asset Tax Suite, combines TaxBit’s tax reporting software with EY tools, according to the organization. This story was produced by Bloomberg Tax Automation.