TaxBit acquires Tactic

TaxBit, a tax software company that specializes in digital assets like cryptocurrency, said Tuesday it is acquiring Tactic, a digital asset financial accounting platform. The acquisition will combine two companies in the digital asset accounting space and establish a New York office for TaxBit, which has headquarters in both Seattle, Washington, and Draper, Utah. TaxBit booth at the Bitcoin 2022 conference in Miami, Florida Eva Marie Uzcategui/Bloomberg"2022 demonstrated that there is a massive problem in the digital asset space with regards to credible accounting," TaxBit CEO Austin Woodward said in a statement. We are excited to welcome their team onboard, and together continue building a turnkey solution for digital asset accounting." Tactic provides accounting automation, integration with other financial software products, and visibility over crypto accounting processes.