#asknostr
#bitcoin
Hi,
I want to pay employees in btc.. im thinking through the logistics.. One thing i thought of, if i pay my employee $500 worth of btc, i simply issue them a paystub reflecting the $500 was paid to them, and that will flow through to my payroll software generating accurate w2 for IRS reporting. but i pay them the btc out of band of my payroll software and manually enter into quickbooks ( not the end of the world )...but i think there isnt any reason my employee receiving the btc would have a papertrail with the IRS for receiving the btc...which is nice. just the papertrail reflecting taxable wages earned ( unless like a wire level investigation was done to determine my employee received $500 in btc and didnt report selling it or owning it on their tax return).
Anyone ever done this with a US company and wanna gimme tips or resources? or is currently doing it? is this just not a good idea for a US business operating in the compliant economy?much appreciated 🤙
06 March 2024
1 min read
