184 sats \ 2 replies \ @BTCsessions OP 26 Apr 2022 \ parent \ on: 😎 I'm Ben with the BTC Sessions. AMA! bitcoin
So I earn BTC directly from show sponsors (though I do earn some dollars as well in a small amount of cases where BTC is not yet possible). My flow is basically:
  1. Receive BTC
  2. Instantly pay any necessary bills via Bull Bitcoin
  3. Instantly buy gift cards for essentials based on my typical expenditures
  4. The rest stays as savings
  5. If a surprise expense pops up later, you have to be conscious of capital gains/loss
My invoices go straight to sparrow and addresses are labeled by who paid. Coinjoin immediately. Pay bills from there. The rest goes to multisig savings.
Accounting is awful and I just dump that shit on my person at the end of the year. They hate me, and I hate the bill I get afterwards. I do this because I hate the fiat system even more.
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0 sats \ 0 replies \ @bitcoinpleb_b 29 Apr 2022
Do you just not include/consider the transactions made moments after you get paid for taxes? Since there is little to no price movement and thus no capital gains in that short amount of time.
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0 sats \ 0 replies \ @bitcoinpleb_b 26 Apr 2022
Thanks man! 👊🏻
Been dying to know how you do it!
Can you share your accountants name or firm? Or do you prefer not to do that publicly? Totally fine. Are they bitcoin focused/aware obviously? Just looking for a good bitcoin aware accountant.
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