Should Your Small Business Accept Bitcoin? (Fees & Taxes Explained)
The Turtlesmith Podcast por Turtlesmith
Notas del episodio
In this episode of the Turtle Smith podcast, hosts Scott Hess and John Barton dive into the evolving world of digital currency to ask a pivotal question: Do small businesses hold the key to mainstream cryptocurrency adoption? The team explores the surprising statistic that roughly 33% to 34% of small businesses are already accepting crypto. From wild stories of early Bitcoin pizza purchases to the modern mechanics of crypto debit cards, they break down how these transactions actually work at the point of sale. Small business owners will find essential insights as the hosts unpack the hidden processing fees of platforms like BitPay and navigate the complex IRS tax implications of treating cryptocurrency as property.
Episode Timestamps
0:00 - Scott Hess and John Barton introduce the Turtle Smith podcast and their mission to help small ...