satoshipacioli
Satoshi Pacioli Accounting

satoshipacioli.com

The Bitcoin Accounting Firm

Public Key

npub1drlw0wmu9tq37usx4qt3u6u4zj44mrf3zsfa6xhcdyrh3n4wpmgqr4rfg0

NIP-05 Address

satoshipacioli@getcurrent.io

NIP-57 Address

pearape3@primal.net

Profile Code

nprofile1qqsx3lh8hd7z4sglwgr2s9c7dw23f26a35c3gy7artuxjpmce6hqa5qprpmhxue69uhkummnw3erztnrw4e8yetwwshxv7tf274f3a

Publishing to

nostr1.current.fyi

Author Public Key

npub1drlw0wmu9tq37usx4qt3u6u4zj44mrf3zsfa6xhcdyrh3n4wpmgqr4rfg0

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Last Notes

2024-12-31 19:56:39

Business owners: Are you missing out on this tax-saving opportunity? 🏠💼
The Augusta Rule lets you rent your home to your business for up to 14 days a year, tax-free. Your business deducts the expense, and you pocket the income without paying taxes on it.
Example: Rent your home for $1,000/day x 14 days = $14,000 tax-free income while reducing your business taxes.
This works for meetings, events, or trainings—but you must document everything and use a fair market rate.
Don’t leave money on the table. Let’s talk about how to make this work for you!

2024-12-30 14:56:14

Do you know any accountants who are looking to work in bitcoin full or part-time? Please send them our way!!!
https://bitcoinerjobs.com/job/1640332-open-application-for-all-accounting-all-stars-satoshi-pacioli-accounting

2024-12-30 01:54:24

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The way Strike is attempting to handle it will be a consolidated report on all your sales during the year that you hand to your accountant. We enter the net effect, and attach the details to the report. Fold will look very similar.

2024-12-30 01:51:18

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We'll be on Citadel Dispatch tomorrow at 3pm CT. That will probably be more helpful than our webinar at this point. You can also ask questions live.

2024-11-19 17:32:22

The Perks of an S-Corporation 🎉
S-Corps have some awesome benefits:
✅ Tax Savings: Only taxed at the owner level, not the biz level.
✅ Lower Self-Employment Taxes: Pay yourself a salary, take the rest as tax-free distributions.
✅ Liability Protection: Keeps your personal assets safe.
✅ Extra Tax Deductions: Like up to 20% off qualified biz income (QBI).
Sounds like a win all around, right?

2024-11-18 17:33:06

This week we will be highlighting S-Corporations!
What is an S-Corporation? 🤔
An S-Corp is a business structure that combines tax perks with personal asset protection. You avoid double taxation by passing profits (and losses) straight to shareholders.
✨ Key Facts:
• No corporate taxes 💰
• Limited liability 🛡️
• Max 100 shareholders 👥
Thinking about an S-Corp for your business? Check back tomorrow for the pros and cons! 👇

2024-11-08 13:24:12

💼 Resources for Filing Your FinCEN Report
If you need assistance with your Beneficial Ownership Information report, consider using services like Doola, Fondo, or Accountalent. Some payroll providers (like Gusto) may also help. There’s a YouTube video available that walks through the process step-by-step: YouTube Link. Non-compliance can lead to penalties of $500/day, so it’s worth completing on time.

2024-11-08 03:02:03

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It looks like the answer to this is yes.
Shoot us an email at tax@satoshipacioli.com and we'll forward a message we sent out to our clients with further details.
@nprofile…4wzj

2024-11-05 19:21:57

👥 FinCEN Compliance: Required Information
To comply with FinCEN’s new rule, businesses must report “Beneficial Owners” (anyone with at least 25% ownership or control) and, for 2024 registrations, information on “Company Applicants.” Be prepared to upload a U.S. passport or driver’s license for these individuals. This is a one-time filing, though any changes in ownership or company details will need to be updated within 30 days.

2024-11-04 22:08:28

📢 New FinCEN Reporting Requirement for Corporations and LLCs
If you own a Corporation or LLC (including Partnerships, S-Corps, or Single-Member LLCs), FinCEN now requires that you register your business by January 1, 2025. Most business owners will need to file, with limited exceptions, like large companies with 20+ employees and $5M+ revenue or certain tax-exempt entities. Filing can be done on the FinCEN BOI website. Make sure to check if this applies to you.

2024-10-30 17:45:04

Following up on yesterday's tax tip...
You might have heard about tax lost harvesting. Selling bitcoin and then buying it right to recognize a loss for a given tax year.
But would you ever want to harvest a tax gain? Maybe if your gains are taxed at zero percent.
Let's walk through an example.
You are retired/didn't have any income for the year. You have 1 bitcoin purchased over a year ago at $60k. Bitcoin goes up to 100k. You could potentially sell, buy it right back. Realize the $40k gain taxes at zero %. And your new cost based goes from $60k to $100k
#nevent1q…u5s4

2024-10-30 14:35:01

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Hard to say what position the IRS would take. I'm not aware of any active cases to reference. I would say it doesn't have to tie back to an individual UTXO, but ideally some record of activity either from a wallet or exchange.

2024-10-29 17:01:02

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Correct, those amounts are taxable income, which is after standard/itemized deductions.

2024-10-29 16:32:18

Did you know that the lowest rate for long-term capital gains is actually 0%?
If you earn under $47k as single filer or $94k as a married couple, your gain on bitcoin held over one year might be ZERO!
Tax Tip of the Day.
#nevent1q…4fv2

2024-10-28 17:10:48

Bitcoin Tax Tip of the day.
Bitcoin held over a year is taxed at a lower rate in the US.
Even the IRS wants you to Hold.

2024-10-18 23:57:52

Satoshi Pacioli wrapped up another successful tax season this year (with an few non-profit still to go next month).
We completed 125 returns between individuals, partnerships, S & C Corp. A humble 4X from or first year of tax services last year.
That's for 4 times as many bitcoiner we got to connect with and establish a long-term partnership with the goal to minimize the amounts they have to pay the IRS.
We haven't done a deep analysis, but can safely say that collectively we've saved our clients $100k plus in IRS payments. And this is just the beginning.
Special props to @nprofile…4wzj who lead the way and spent more time talking to the IRS than any one human ever should.

2024-10-01 13:37:50

Thanks @npub1sk7…jraw and @npub1guh…6hjy for the shout out!
#Bitcoin may be decentralized, but taxes are still a reality. Our team of experienced accountants is here to guide you through the intricacies of #Bitcoin finance, ensuring compliance, and minimizing stress. Reach out to us and enjoy the peace of mind that comes with strategic tax planning with a #Bitcoin Focus.
#accounting #tax #bookkeeping #CPA #CFO https://video.nostr.build/8bcc8835b4c7aa29b4b9ac948e729a845ba0016f07e7f587689c3b1c91e90bf7.mp4

2024-09-10 14:02:55

Anyone with Proton Mail need an invite to try out Proton Wallet?
Just message us. 5 invites remaining.

2024-08-02 01:19:38

Appreciate the shout out on @npub10ut…xdlq. Open source devs reach out for free tax support!
https://cryptpad.fr/form/#/2/form/view/1dVWf1mRDC3SLJbzTsQXzOcCxnzq+s-AMELaOYrt7II/
https://m.primal.net/Jlbd.mov

2024-05-22 15:12:10

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Our Nostr clients are our favorite clients (don't tell anyone on twitter) 🫡

2023-10-10 02:14:43

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Going to be a tough series. Hope you didn't double down on tonight's game.

2023-10-08 03:05:50

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We demand a month long event!

2023-10-08 02:39:01

Phillies 3-0 during Pacific Bitcoin.
Thanks Swan!

2023-10-05 03:15:10

Pacific Bitcoin trip so far.
2 new clients
10k run
2 Phillies wins.
Not too bad.
Yes, I had to write this and then wait for the game to end.

2023-09-29 22:29:52

Brand new 1st edition Satoshi Pacioli baseball caps arrived today 🔥🔥🔥
https://image.nostr.build/17c1934e1307b0bf6aa0a819db8663d69bb9a79efea3924ceda1ccc718505f58.jpg
https://image.nostr.build/8f6fdbc5b64656858ba46b6c3a7021cc3fb0c3286843efab958c13f5ad17364f.jpg

2023-09-08 21:41:07

https://i.current.fyi/resonance/v1tF0xndgpGT_400.gif

2023-07-22 23:09:11

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Robosats?

2023-07-22 16:20:00

Day 5 - 8k run complete.

2023-07-20 12:50:29

Another 5k on day 3. Faster than day 2, slower than day 1.
Off day tomorrow, before longer run Saturday.

2023-07-19 12:16:45

Day 2
Another 5k run complete.
Still a long way to go.

2023-07-19 02:15:56