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Crypto accounting for startups | Finance Basics with Kruze Consulting’s Scott Orn | E1339

This Week in Startups

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I Don't Pay My Estimate of Taxes

The worst hole you never want to find yourself in is owing taxes in not having the cash to actually pay it. estimatea tax s protects you from penalties, but also just makes sure you're actually fulfilling your obligationsi superimportant a ok. We all know that if you sell them, its capital gains. If they get paid in crypto, do they, oh, taxes on that? Is that a profit if they don't sell it? Cause it's kind of like getting paid in equity in stock. I mean, this is pretty rudimentary and quick books. And you now, accounting software is nothing to do with the block chain. So, and then you have all these transactions occurring.

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