TaxBit has secured a strategic investment from In-Q-Tel, a not-for-profit venture capital firm, to help advance the development and deployment of its digital asset compliance technologies and accounting tools to government agencies and commercial clients. TaxBit CEO Lindsey Argalas said in a statement published Thursday the IQT investment seeks to recognize the technology the company […] More

Aaron Jacob, head of accounting solutions at TaxBit, said new crypto asset accounting guidance from the Federal Accounting Standards Board is expected to encourage the adoption of digital assets as it provides more clarity on accounting, reporting and disclosure of such assets. Measuring and reporting digital assets at fair value can bring various benefits, such as greater transparency and insights to inform decision-making, provided that the calculations are made correctly, Jacob said in an opinion article published on Accounting Today.

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Nathan Jones, a 19-year Red Hat veteran, has been appointed senior vice president and general manager of worldwide public sector sales and government affairs at digital asset accounting software provider TaxBit. Jones will oversee TaxBit’s customer support, sales and interaction efforts with government agencies in his new role, the company said Tuesday. He most recently […] More