Tech News: TurboTax and CoinTracker team up

TurboTax announced that, through its partnership with cryptocurrency tax platform CoinTracker, users can now directly import crypto transaction data into TurboTax through connecting all their wallets and exchange activity to automatically find their cost basis. People will be able to import up to 4,000 such transactions into TurboTax at once, eliminating the need to download CSV files and manually upload transaction information.

Accounting automation firm Blackline announced that nominations for its 2022 Modern Accounting Awards are now open. The awards, open to Blackline customers, recognize those who have embraced modern accounting using Blackline’s products for financial close and accounts receivable automation as well as intercompany financial management. This year there are seven award categories: the Unifier, the Accelerator, the Closer, the Capitalizer, the Modernizer and the Transformer, all based on different themes. BlackLine customers can submit a nomination through May 31.

A recent survey from accounting software provider Sage has found that a comfortable majority of small and medium businesses are quite confident about their prospects over the next 12 months, despite obstacles (see recent story). While over a third have not yet restored their normal operations, with a full 9% at risk of going out of business entirely in the coming months, 69% of 13,000 respondents said they feel confident their business will be successful over the next year. It also found that as many as 59% say they dealt well with the challenges they’ve faced by cutting costs, tapping savings, offering new products or adopting new technology.