Count On Sheep

When cryptocurrency first entered the mainstream, tax reporting struggled to keep pace. Most investors were forced to rely on do-it-yourself platforms that required them to upload wallets, classify transactions, and generate reports on their own. Without accounting expertise, many simply hoped their records were accurate enough to satisfy the IRS. The process was confusing, time-consuming, and risky.

Count On Sheep was founded to remove that burden.

Instead of asking investors to become their own accountants, the company built a service model centered on professional digital asset reconciliation (DAR). Its founders assembled a team of experienced tax and accounting specialists, many with Big Four backgrounds, and trained them to work directly with blockchain data. The goal was not to replace existing CPAs, but to support them by delivering clean, reliable crypto tax reports.

At the center of the company’s work is Digital Asset Reconciliation, a method it helped pioneer. Unlike traditional accounting, blockchain accounting requires tracing transactions across public ledgers, wallets, and exchanges. Each movement of a digital asset must be verified and connected to its original cost basis. The process more closely resembles forensic accounting than bookkeeping.

“By reconciling a client’s full transaction history, we provide the clarity that most crypto investors lack,” says Nick Slettengren, co-founder and CEO.

Many investors trade on multiple platforms, hold assets in cold storage, and participate in decentralized finance. Without proper reconciliation, even experienced tax professionals struggle to see the full picture.

The company’s service begins with organization. Wallets, exchanges, and storage accounts are consolidated into specialized crypto software so clients can view their entire portfolio in one place. From there, blockchain specialists verify every transaction to ensure accuracy and compliance. Once the data is confirmed, the firm identifies legal opportunities to reduce tax exposure, such as cost-basis modelling and tax-loss harvesting. The final step is delivering IRS-ready documents that can be sent directly to a CPA or uploaded into tax software.

This structure allows clients to keep their existing tax advisors while ensuring crypto activity is reported correctly. Count On Sheep focuses solely on reconciliation and reporting, leaving filing decisions to traditional professionals.

Its clients range from beginners with modest holdings to advanced traders using DeFi protocols, NFTs, and high-frequency strategies. Each portfolio receives individual attention.

Slettengren explains, “Everyone’s portfolio is as unique as their fingerprint, and they should be treated like such.”

That personalized approach often uncovers more than just compliance issues. In one case, a routine reconciliation revealed unexplained transaction gaps. The client later discovered an old phone stored in his garage. Inside was a forgotten wallet holding two Bitcoin. The recovery highlighted how detailed digital asset reconciliation can surface overlooked assets, not just missing records.

Regulatory awareness is another key focus. The company employs a compliance director with extensive experience in taxation and IRS guidance who is former Big 4. This ensures client reports reflect current rules as digital asset regulations continue to evolve.

Looking ahead, Count On Sheep is expanding both its technology and its partnerships. The firm is developing proprietary tools to improve speed and accuracy, while integrating artificial intelligence to streamline transaction analysis. These efforts aim to reduce turnaround times and lower costs without compromising precision.

Strategic partnerships with major exchanges and elite tax service providers are also underway. These collaborations will broaden service options for clients who need more advanced tax support, while allowing the company to remain focused on its core specialty: crypto reconciliation.

Despite the technical nature of its work, the company’s culture is rooted in service. Its team combines accounting expertise with blockchain fluency, offering guidance that feels practical rather than overwhelming. For many investors, proper reconciliation not only reduces stress but also leads to meaningful tax savings.

In a space often defined by volatility and uncertainty, Count On Sheep brings structure. By turning scattered blockchain activity into organized, compliant records, the company helps crypto investors move forward with confidence.