EY launches a cryptocurrency tax calculator – buy you can’t use it


Ernst & Young, one of the world’s largest business services firms, and one of the “Big Four” accounting companies, is launching a tool to make bookkeeping for cryptocurrencers a little easier. EY’s creatively named “Crypto-Asset Accounting and Tax Tool,” or CAAT for short, is rolling out in the US and is all part of EY’s goal of becoming the leading industry player in professional blockchain-related services, Accounting Today reports. This news shouldn’t come as a surprise to anyone who follows EY’s cryptocurrency dealings closely. Last year the firm acquired blockchain startup Elevated Consciousness, which originally developed the CAAT software. In…

This story continues at The Next Web

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