sqcrypto (OP)
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December 16, 2017, 11:35:21 AM |
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I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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davis196
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December 16, 2017, 11:40:29 AM |
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I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.
It is worth,if the bitcoin price volatility is low and the buyer doesn`t mind paying high transaction fees. I`m not familiar with the UK tax system,but you will have convert all your bitcoin earnings into fiat money. Paying with cryptocurrencies for freelance work is better compared to paypal payments. Paypal fees are getting insane and the buyers can get a refund pretty easy. |
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asdalani
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December 16, 2017, 11:40:43 AM |
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I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.
A lot of factors come into play when getting paid in Bitcoin. The price per coin and the amount of Bitcoin. If you receive very little Bitcoin for your task and you decide to cash the coins out on an exchange, you might not have enough Bitcoins to pay for the transaction fee. |
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LeGaulois
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Top Crypto Casino
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December 16, 2017, 11:56:34 AM |
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I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.
This the problem with freelancers paid with Bitcoin. The only advantage is if you bet to see the price increasing so you get more for the same job. The problem comes when it's time to report the income on the taxes properly. With the lack of considerations for freelancers and their status it is less constraining to use the traditional methods |
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ohzeih5n
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December 16, 2017, 02:36:31 PM |
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I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.
if you earning good bitcoin will be better for you than paypal or cards. low earning mean few satoshi less than transition fee. just read more then choose what you want to do |
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merlyn22
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December 16, 2017, 02:51:19 PM |
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I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.
getting paid by bitcoins is ok because bitcoin is volatile you can save it on your wallet then wait until it reaches high price then anytime you can convert it to your fiat money. i am not familiar on uk money and how to put taxes on your country i am pilipina and goverment here still studying how to put tax on bitcoins. |
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Emoclaw
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December 16, 2017, 02:56:15 PM |
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It's worth it. But don't rely on it. You should accept FIAT currencies first and offer a Bitcoin option in case people want to use it.
Bitcoin is a great investment and I believe its value will go up, so its worth having some. You are liable to capital gains tax when you sell your Bitcoin for GBP.
You'll have to report your gains upon conversion to the HMRC, not sure how that works though as I'm not from the UK.
You're not liable to any taxes when you just keep your Bitcoin.
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Tramle091296
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December 16, 2017, 02:56:29 PM |
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yes it is worth cause the bitcoin has a high value of money. you can get a lot of money by working that you salary gives a bitcoin. and also its is worth because its is accessible for any sight you can buy and you cash out instantly no tax no hassle on going at bank.  |
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sofi@
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December 16, 2017, 02:57:01 PM |
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I guess doing signature campaigns is quite a freelance work to consider and it's very nice having bitcoin as our earnings each week so for me paying freelance job by means of bitcoin is really a good idea besides the value of bitcoin continue to appreciate so if we receive bitcoin as a payment we already have an investment in an instant.
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rodel caling
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December 16, 2017, 02:58:58 PM |
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have advantage for you accept bitcoin as payment for your free lance job, lets say the agrement with your client paying bitcoin not converted into cash money whenever bitcoin price goes down or up, you can get huge interest sell bitcoin in the high price, if you believe in bitcoin its because bitcoin continue to uprise the price in the market. and tax return in your country i have no idea because i'm not familiar about the tax law in your country.
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Dailyroberts
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December 16, 2017, 02:59:14 PM |
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I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.
Why not? I know many friends working in this way and they earn more than they can earn from real life jobs. In UK, you need to prepare a document showing your income so that you can pay your income tax to the government, as far as I know. |
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YR
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December 16, 2017, 03:00:02 PM |
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BUY HOQU tokens!!!!!!!!!!!!
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heroic25
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December 16, 2017, 03:01:03 PM |
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I think its absolutely ok to accept bitcoin against your work but what I think the only thing to watch is bitcoin price that is volatile so you must have a close look on bitcoin price before accepting the bitcoin otherwise its fine
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tyuner4
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December 16, 2017, 03:19:35 PM |
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I feel it is worth getting paid in BTC for freelance work if you have another source of income in fiat. Currently it is not fast and cost saving to convert BTC to fiat for living expenses.
As for the tax portion, I can’t comment because I am not familiar with UK tax.
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lestilla
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December 16, 2017, 03:39:00 PM |
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I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.
Yeah, it is worth it. Getting paid in bitcoin for your services is the best way you can get paid. As the price of bitcoin is ever increasing, you will make more profit as from the time you get paid in bitcoin to the time you get to sell your bitcoin. |
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WhichIsGood
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Young, Dumb & Broke
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December 16, 2017, 03:46:43 PM |
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I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.
This is actually quite a decent way to earn. You won't have to worry about losing money(if you're afraid of a risky investment) because you are only investing your time and effort. Your only problem will be finding the legit ones that actually pays you and it will be worth it. |
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mobnepal
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December 16, 2017, 03:47:44 PM |
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I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.
You can get good payment for your web developing/designing services if you can design good website for different ICO and get into their developer team as UI developer. You can take payment in either bitcoin, eth or in form of their own token. You can save on taxes as you can anonymously trade bitcoin with any local guy near you if you want to do so. In UK trading bitcoin is legal so you can send/receive/trade bitcoin freely. |
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pikebu
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December 16, 2017, 03:50:15 PM |
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I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.
Of course yes, your service is worth paid with bitcoin because the price of bitcoin is always going up trend although you just get small amount of bitcoin but the values is always increase time by time, if you keep it for long time or at least some of bitcoin be held for long time, and about the taxes must be paid to your government you can sell some bitcoin to fiat money, i think it is good solution but i am not sure about your problem with tax return, please make it more clear. Thank you so much. |
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Svelto
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December 16, 2017, 03:57:36 PM |
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It is good to earn some BTC if you believe in it and want to save it for future purpose. The advantage is that BTC is a irreversible payment method, which means you client can’t reserve the payment from your completed task.
The disadvantage is that the high transaction fee to convert BTC to fiat if you need it for living expenses.
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AVAMONEY
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December 16, 2017, 04:58:39 PM
Last edit: December 17, 2017, 04:19:26 PM by AVAMONEY |
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I’m a web developer/designer and wondered if it’s worth getting paid in bitcoin? I’m from the UK and not sure how it would work in terms of the end of year tax return.
Worth it. You're skill service are fully about website service / programs areas, There are some web which offered work as freelancer and getting paid with virtual currencies, so far in this forum only as long as you want to learning upgrading your vision and skill, you will have many chances for getting online work and receives Bitcoin as payment method. |
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