Bittax

growth-positive

SurePrep has announced a strategic partnership with Bittax to streamline cryptocurrency tax compliance for tax professionals. This partnership aims to provide tax professionals with the necessary technology to address the needs of taxpayers who will face increased IRS scrutiny. Bittax generates comprehensive crypto activity tax reports based on blockchain data analysis, while SurePrep offers taxpayer collaboration and scan-and-populate solutions. Together, they aim to simplify the gathering, analysis, and reporting process for tax professionals serving clients involved in digital asset transactions. SurePrep now recognizes Bittaxs 8949 output and exports the data to leading tax software, eliminating the need for manual data entry.

growth-positive

The article discusses how the Covid-19 pandemic has increased the adoption of blockchain technology in various sectors such as supply chain, healthcare, finance, and taxation. It highlights the potential use cases of blockchain in improving the supply chain, establishing a public medical record, enabling digital currencies accepted by central banks, and facilitating blockchain-based tax payments. The article mentions IBM as one of the influential players in the blockchain industry that has launched a blockchain network to support the medical supply chain during the pandemic. The World Economic Forum is also mentioned for its support in promoting the development of a global blockchain-based supply chain. Overall, the impact of the article on the blockchain industry is growth-positive.