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I want to accept crypto for my business but…

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by COINS NEWS 81 Views

I want to accept crypto for my business. Particularly ALGO or other cheap assets for transfer.

I run a classic car dealership and think that crypto would save my customers and myself money and have been a HODLer for years now.

Unfortunately every accountant including the one I ended up with is massively turned off by crypto. How can we get legislation to tax it easier on individuals and business’ alike? Small transactions or even ones exchanged for fiat same day should not be subject to all those additional taxes, especially as a business, in already paying you federal income tax it’s too much.

Sorry end rant

submitted by /u/MrShnBeats
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