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Thanks for sharing your experience! Amazing, so you are quite OG, nice. I see you mention multisig, that means funds are managed by multiple users from the company, right? Very interesting use case.
just need to switch the chip in your mind and make it happen
THiS is gentlemen!
how to deal with exchange rates and tax declarations
So you are not counting bitcoins as cash? Or is more about the exchange rates for the international currency accounting? Usually a business accounting, for tax related, will keep everything in one currency (the one in which is paying taxes), no mention at all about btc. BTC is cash, in this case is just a form of payment, like paypal for example. All the invoices are made in the taxing currency not in btc. Taxma n not even have to know that was paid in btc.
an't believe there're not many business owners around here
Indeed I was expecting more merchants to come. We need to hear these amazing experiences and take them as examples.
Thank you sir for your great contribution!
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Fair enough, I don't want you to doxx more here. I am just curious about how people "see" bitcoin in their accounting.
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