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50 sats \ 4 replies \ @mo 6 Mar freebie \ on: I want to pay my employees in btc bitcoin
Wouldn’t be better to ask your employees if they agree or not first? And maybe apply this only to the ones that agree?
Second point is compliance: do you really need to declare ITS you paying them in BTC? What if you treat it as a redeemable gift card worth of 500$ they can redeem if they want to? Azte.co does just that. For you will be an expense, because you are buying something you can detract later on tax season, and same for your employees: they don’t have to declare if they redeemed the gift card or not.
Maybe am wrong… Thoughts?
yes i woukd certainly check emplpyee desire before implementing.. already some interest..
i dont know the second thing, my hope would be that i just state the USD equivalent of what the employee was paid in wages, and do not need to document that they were paid in btc.. but as i explore this im feeling like the best route is just to pay em in fiat and maybe provide education opportunities for his to buy and hold btc, if anything.