Just DM’s ya via secure DM.

Let me know if you got it, otherwise I can switch the feature off in YakiHonne.

登録してみた……

#introductions

1. Thanks for the generous zap nostr:npub1nedr5xspnk6wzvece5ynnt9wup0v5y508hqu96rykdqftm2pf6xswzk03w

2. What NOSTR client do you use for DM? (I ask because some don’t support secure DMs)

3. Once I know point 2, I’ll DM you. Best to discuss privately to protect your information.

Hey nostr:npub1nedr5xspnk6wzvece5ynnt9wup0v5y508hqu96rykdqftm2pf6xswzk03w , I don't think we've formally met or interacted.

Nice to meet you! 🤝

In large part, this is going to depend on jurisdiction.

Public (ie are you registered with Secretary of State, or similar in your country? [Sorry, I don't know where you reside])

Vs.

Private (ie private express trust structure under Equity and Common Law, not statutory law)

99% of businesses operate in the Public...so I'll address that angle.

The short answer is: Just like if a business held multiple currencies (fiat) on their books, each different type is an "asset" on the balance sheet.

Thus really just at the beginning and end of one's fiscal year, does the price of BTC matter.

Thankfully in the USA the Financial Accounting Standards Board (FASB) now permits the marking of Bitcoin to market price on the balance sheet, allowing for profit and loss adjustments to reflect its volatile nature.

That being said, in the USA the IRS still classifies BTC as property (not currency) so it would technically and typically be recorded as an intangible asset, or for simplicity, in a cash-like account such as "Crypto holdings" or whatever name you want to give that account in the chart of account for your books.

--

My preferred method is to simplify it further for small businesses, I recommend treating BTC like a separate cash account (e.g., “BTC Wallet”), especially if you’re actively accepting or spending it. This mirrors how you’d handle a foreign currency account.

I can dive deeper if you want. But I don't want to overwhelm you if its not a real interest or need at the moment.

Let me know if I can be of further help to ya!

GM unlicensed money transmitters, money launderers, drug traffickers, tax evaders and delusional wannabe sovereigns. We're watching you! #grownostr

As business owners I think we overcomplicate this whole “get paid in Bitcoin” thing.

It’s just not that difficult to take the fiat we earn and convert it to BTC.

Sure straight BTC for product/services is easier…unless you need to pay bills in fiat…

But my point being is: since we are still early, reduce the friction and just continue to stack sats anyway you can.

Worry about being a maxi later.

Or don’t…all or nothing thinking is a major trap! nostr:note154hs8q42r8c73sljpg2rpzylrauz98scq4nn77as30rcyp6j9k7syp38a3

I agree. The audacity to copy someone's work and claim it as your own is amazing.

Fuck off faggot nigger.

Blossom Chill

#ArtisticExpression #Japanesescenery　#VisualArt #CreativeArt

#Nostr #Zaps

"My Darling Clementine" watercolor on paper, 15 x 22 in.

Available through the artist

#watercolor #stilllife #artrenaissance #artstr #artonnostr #artlist #artcommunity #artstr #grownostr #portfolio #clementine

My roomate:

"Man, I just woke up. Can you please give me five minutes before you start complaining about the IRS?"

Daily drawing continues, this week in Bologna.

#dailyart #artstr #proofofwork

16 - Prompt from “301 Things to Draw” published by Chartwell Books

#dailysketch #ink #drawing #art #artstr #100dayproject

Hey 👋 😊 #Nostr fam! I'm an artist from Africa, excited to be here and connect with this incredible community. I create art that tells stories, sparks emotions, and pushes boundaries. If you vibe with my work, zap some sats and give me a follow! Let’s build something amazing together.#introductions#artstr#v4v🫡💪

First charcoal drawing of 🇰🇪 Kenya's Lupita Nyongo