Heck yeah. I worship #fiatjaf, my lord and savior.
Same. I can't imagine having state taxes on top of the federal taxes. I'd have to just pass it on to my client by charging a higher rate.
Which is what everyone has to do. Taxes just make everything more expensive. And that extra money just gets squandered by the incompetent shmucks in the government. Fuck me 😠
Taxes are made as invisible as possible when you work for a company with automated payroll.
As soon as you go independent and have to keep aside taxes manually do you realize how bullshit it is.
Damn right we do 🔫
Really?
I recall you posting some bullshit earlier tho
Thanks now my notifications are unscrollable GFY 😂
Also, I have to keep good records of my cost basis and sell transactions to calculate capital gains taxes on top of income taxes, which I wrote my own script for.
Taxes make the whole thing complicated. Otherwise business accounting would be super simple on Bitcoin.
Basically, for my current client, I've moved from being an hourly contractor to a vendor through my LLC. I'm using Bitwage to send invoices, and when my client pays them, Bitwage sends me the equivalent amount in Bitcoin, which I manage with Sparrow. Since my work is software development, I just need to make sure I save the proper amount for taxes and know how much I can sell for personal expenses.
But they're having trouble with banking right now, so I'm using Cash App's direct deposit conversion to get the payments in Bitcoin in the meantime and grapple with withdrawal limits. The goal is to try to maximize the amount of Bitcoin I hold and minimize the amount of fiat.
Finally diving into the world of business accounting on a Bitcoin standard. Thanks #sparrow nostr:npub1u7ls9hrssjs829zzqaks3rska7jzvxkck3nsjdn7f52fujpkh99q6yvp5p
Good morning ✌️🧡
It means everything. One button to rule them all. Once button to bind them. Once button to bring them all and in the darkness bind them.
Or I'm just incompetent, but yeah.
