TaxBit to acquire software startup Tactic to expand its crypto accounting services

Crypto tax software provider TaxBit is expanding its crypto accounting services with the acquisition of software startup Tactic, announcing the deal Tuesday. Based on feedback from customers, TaxBit will now offer expanded crypto accounting services by incorporating Tactic’s accounting tech into its existing corporate accounting suite (CAS) offering. The outlet reported that some of TaxBit’s customers faced slower growth or bankruptcy last year as a major downturn hit crypto markets. Still, Woodward said the company was not concerned about a prolonged Crypto Winter, having been founded during an existentially dire time for the industry in 2018. “Accounting and tax have never been in the spotlight more than now,” Woodward added.