Post
Topic
Board Development & Technical Discussion
Re: Idea for a business, is it legal?
by
skittixch
on 13/05/2011, 05:31:07 UTC
Youd need to keep track of the items value at the time you sold them and declare that.

Much the same as you would any other transaction as a company.

Possibly capital gains tax on the rise in value of btc when you come to sell them. Or correspondingly a loss.

But if the business pays all appropriate taxes, and I only bring in my 1%, do I still need to pay taxes on all the money that's passed through my hands?  or do I just tabulate my total gain over the course of the year and pay on that amount?