satoshipacioli
Satoshi Pacioli Accounting

Bitcoin price is down!!!!
Buy the dip!!!!
But also sell the dip? Might help lower your tax bill if you.
Check out our latest substack linked below that covers the Wash sale rule and how it relates to bitcoin
https://open.substack.com/pub/satoshipacioliaccounting/p/why-bitcoin-is-not-subject-to-wash?r=6l5wwc&utm_medium=ios

2025-11-11 21:52:39 UTC

New article up on our Substack!
https://satoshipacioliaccounting.substack.com/p/what-merchants-should-know-about

2025-08-26 11:19:48 UTC

- reply

If you are bitcoiner running a business, you might be interested in our latest article.
#naddr1qv…rxcg

2025-08-25 14:25:19 UTC

First time checking out Primal Reads, very impressive. Can we get more sats here than Substack?
https://primal.net/satoshipacioli/building-a-bitcoin-business-with-principle-based-management

2025-08-18 14:52:09 UTC

- reply

If there's one thing Bitcoiners get, it's time preference. As a rule, we prefer to delay present consumption in exchange for a future greater return. This is one of the reasons the fiat economy is so problematic for us--it incentivizes consumption, rewards those with high time preference (aka short-term thinking), and punishes those with a long-term outlook.
Of course, we all understand this. It’s one of the major reasons many Bitcoiners arrive at Bitcoin in the first place. Stay humble, stack sats. Life's good.
Or is it?
Especially for Bitcoiners running start-ups and leading their teams, it's sometimes easier to talk about low time preference than it is to execute. We've grown up, had careers in, and continue to be surrounded by a fiat world that won't just disappear overnight. With that reality, is it any surprise that sometimes we might possess suboptimal mental models that complicate growth and long-term success? These patterns and tendencies can in turn lead us to optimize, and not even necessarily intentionally, short term thinking. This will have downstream impacts on our teams, our customers, and our business.
What would it look like if a business was set up to stack the most sats, not over the next month or even next year, but next decade or century? There is no one path to business success, but there are some timeless principles which we can pull from when making decisions. These concepts and principles transcend an industry or a company and have been discovered, rediscovered, articulated, and modified across many academic disciplines and business sectors.
One of our favorite management philosophies at Satoshi Pacioli, and the one we utilize the most, was developed by Charles Koch and his team at Koch Industries. It’s called Principle Based ManagementTM (PBM), which they define as:
“A framework based on the principles of human progress that enables individuals and organizations to succeed long term by creating superior value for others.”
— principlebasedmanagement.com
This isn’t a new fad in business consulting. PBM is the result of decades of experimentation and refinement, rooted in real economic theory and business strategy, applied to one of the most successful private companies in history. Koch Industries grew from a $20 million | 173 BTC valuation in 1967 to over $120 billion | 1,040,971 BTC in revenue today.1
And here’s the kicker: Bitcoiners already resonate with many of the principles that are core to the PBM framework.
Both Bitcoin and PBM are built on the following truths:
Decentralization matters.
In Bitcoin, consensus is achieved without a central ruler, as a result of the spontaneous coordination of individual action. In PBM, decision rights flow toward those closest to the action, or in other words, the people with the local knowledge to make the best calls that add value to the business and the customer.
Spontaneous order beats central planning.
Austrian economist and sound money advocate, Friedrich Hayek showed us that complex systems can self-regulate when incentives and feedback loops are clear. That’s true for monetary systems, as Bitcoiners know, and as Koch Industries has proven, it’s also true for management systems inside of a business.
Emergence is powerful.
In society at large, value is created not by top-down Soviet style mandates but by enabling people to discover and act on opportunities as they best see fit (entrepreneurship). The results are clear: entrepreneurship is more dynamic and rapidly responds to signals from the market to satisfy consumers. Bitcoin’s network has emerged over the past sixteen years to become one of the strongest networks in the world, yet it is completely peer-to-peer and decentralized. The common theme of emergence runs through the Bitcoin ethos and the PBM approach.
Low time preference is the foundation of durable success.
In Bitcoin, we delay consumption to preserve and grow wealth, eschewing tempting fiat games that promote short-term consumption. In business, we do the same by building capabilities, relationships, and systems that scale over decades, not just the next month or the next quarter. The PBM Vision dimension “directs an organization to select the opportunities that, given its capabilities, will enable it to maximize its long-term success.”2
Austrian roots run deep.
PBM draws heavily from economists like Friedrich Hayek and Ludwig von Mises, who championed bottom-up order, the dignity of the individual, and the idea that prosperity emerges when we remove distortions and let people act freely with good information. Many Bitcoiners also share a deep affinity for the ideas of the Austrian school of economics as they also provide the best criticisms of Keynesian monetary theory.
Why A Principled Approach Matters for Bitcoin Companies
Bitcoin is a tool for building a better world. But the world won’t be rebuilt with hope and memes alone. It will be rebuilt by high-agency people, running high-integrity businesses, on top of sound money using principles that have stood the test of time.
And the good news is that Bitcoin is winning the game, becoming increasingly accepted among individuals and institutions. As this continues, more companies will emerge, pioneering the Bitcoin ecosystem and help the world realize a future beyond fiat. As this evolution occurs, Bitcoin business owners and leaders need a mature and proven management approach that matches our conviction in Bitcoin as the protocol of the future. We need operating principles that align with our values and scale under pressure.
That’s where developing a management approach grounded in core principles, such as the PBM framework, can give us an edge.
Bitcoiners are in a unique position to take these ideas even further by building sound companies on top of sound money. As more Bitcoin-native companies emerge, the question becomes: now that we have better money, how can we have better companies?
If Bitcoin fixes the money, then a low time preference, principle-based approach helps us fix the businesses built on top of that money.

2025-08-18 14:50:22 UTC

New article up on our Substack
https://open.substack.com/pub/satoshipacioliaccounting/p/winning-long-term-as-a-bitcoin-business?
Full post below for Nostr

2025-08-05 11:26:36 UTC

- reply

Just sent you an email

2025-07-04 00:43:47 UTC

The Satoshi Pacioli team attended the Bitcoin Policy Institute Summit last week.
Check out a quick recap written by @nprofile…9yj3
https://satoshipacioliaccounting.substack.com/p/satoshi-pacioli-goes-to-washington

2025-06-27 20:30:27 UTC

- reply

Not yet, moving it up the playlist! 🫡

2025-06-18 16:01:15 UTC

- reply

Sound Money, Smart Scaling: CAS Tactics for Integrating Bitcoin into Your Growth Strategy
I. Introduction: The Financial Fog Every Founder Faces
Most founders don’t realize they’re making decisions in a fog. Not the kind that clears after a good night’s sleep, but the kind that quietly distorts your numbers quarter after quarter.
The books say you’re profitable. The cash position looks solid. Maybe your valuation just got a nice bump. But something still doesn’t add up. Margins are tighter than expected, your runway feels shorter than it should, and no matter how you tweak the forecast, the dollars just don’t stretch like they used to.
This isn’t just operational noise, it’s a deeper problem. Fiat currencies, by design, lose value over time. That’s not theory; it’s baked into the system. So when you’re using the U.S. dollar as your measuring stick, your financials are slowly drifting out of sync with reality.
I unpacked this in more detail in The Fiat Fog: How Inflation Distorts Financial Reality, where I break down how inflation doesn’t just erode cash—it corrupts the data behind your decisions. Even clean QuickBooks files and polished dashboards can give you false confidence when the unit of measure is quietly degrading.
That’s how good businesses get blindsided. You think you’re scaling, but the foundation beneath your metrics is shifting. The inputs are off, so the outputs can’t be trusted.
The fix doesn’t come from another dashboard or a new forecasting tool. It comes from upgrading how you interpret the numbers—through a strategic financial lens that’s grounded in sound money. That’s where Client Advisory Services (CAS) come in. And when CAS is paired with a Bitcoin-denominated mindset, you gain something rare in today’s financial world: clarity.
II. What Is CAS – and Why It Matters More Than Ever
Client Advisory Services (CAS) is one of those terms that gets tossed around a lot, but rarely explained clearly. At its core, CAS is about giving business owners better financial visibility, and the strategic insight to do something with it.
It goes beyond compliance. This isn’t about filing taxes or reconciling transactions, though those things matter. CAS is what happens after the books are clean. It’s where forecasting, cash flow modeling, pricing strategy, KPI development, and capital planning all come together to inform smarter decisions.
Think of it as the bridge between where your business is today and where you’re trying to take it. For companies in startup or growth mode, especially those holding meaningful cash reserves, CAS isn’t a luxury; it’s a prerequisite for making confident moves in an uncertain environment.
And here’s where things start to click for those thinking long-term: when your strategy is built on a financial system that’s leaking value, even good planning can lead to bad outcomes. Inflation doesn’t just eat your cash; it quietly distorts your decision-making.
This is where integrating a Bitcoin-denominated lens into your financial strategy makes a real difference. Bitcoin doesn’t just serve as a hedge; it becomes a more stable reference point in a system increasingly defined by uncertainty. When paired with CAS, it helps business owners recalibrate not just what they track, but what they prioritize.
We see this shift happening across forward-thinking companies. Founders aren’t just asking, “How much cash do we have?” They’re asking, “What is that cash really worth six months from now?” That’s not a question QuickBooks can answer. But it’s one CAS, backed by sound money principles, is built to solve.
III. The Fiat Problem: How Even Strong Metrics Can Lie
One of the most overlooked risks on a company’s balance sheet isn’t debt or slow AR—it’s the currency everything is measured in.
Founders tend to assume their financial data is neutral. The charts look good, the metrics are moving up and to the right, and the dashboards glow green. But if those metrics are tied to a unit of account that’s losing value every year, how reliable are they really?
A company doing $5 million in annual revenue might feel like it’s growing at 15%—until you account for a currency that’s debased 6–8% annually in real terms. Now you’re looking at single-digit growth, or worse. The story changes completely, and with it, so should the strategy.
This is the blind spot: fiat gives the illusion of growth while quietly eroding purchasing power. It creates a mismatch between what you see and what you can actually act on.
And the deeper you get into strategic planning, budgeting, capital allocation, pricing models, the more that distortion compounds. You’re not just making decisions with bad inputs; you’re building forecasts on top of them.
Even a small allocation to Bitcoin, just a few percentage points of treasury or a segment of long-term reserves can start to neutralize that distortion. It doesn’t just hedge cash; it anchors your thinking.
This is where a CAS function becomes critical. A Bitcoin-aware advisory framework can help founders rebuild their metrics using a more stable benchmark. That includes redefining KPIs, recasting dashboards, and asking better questions:
“Are we protecting our margins in real terms?”
“Is our revenue growth outpacing currency debasement?”
“Are our forecasts adjusted for monetary risk, not just market risk?”
In an era where noise is high and trust is low, accurate measurement becomes a competitive edge. If your business depends on data to make decisions, then sound money should be part of the equation.
IV. Integrating Bitcoin Into Business Strategy: Practical Use Cases
Once a company understands the distortion fiat introduces, the next question becomes obvious: what can we do about it?
That’s where Bitcoin, when used strategically, becomes more than a headline or hedge. It becomes a working component of your business model. Not every company needs to go “all in,” but the ones that benefit most are those that start early, start small, and integrate intentionally. That’s where CAS shines.
Here are four high-leverage use cases we often walk clients through; each one designed to support long-term value creation while preserving operational flexibility.
⸻
1. Treasury Management
This is often the starting point. Bitcoin serves as a long-term reserve asset that helps protect purchasing power and strengthen the balance sheet. It doesn’t replace dollars; it complements them. The goal isn’t speculation, it’s discipline.
A sound treasury strategy begins with policy. Decisions such as how much to allocate, how often to review, and what custody methods to use all shape the company’s risk profile and investor alignment. CAS helps formalize these policies so they’re defensible, auditable, and aligned with the company’s capital needs.
The result is a stronger, more resilient balance sheet that signals fiscal stewardship without sacrificing liquidity.
⸻
2. Revenue Strategy
Some companies stop at holding Bitcoin, but others begin to explore how it can improve the top line. Accepting Bitcoin as payment opens new customer segments, eliminates certain transaction costs, and gives operators more control over the cash flow cycle.
From an accounting and tax standpoint, there’s nuance. CAS helps structure how Bitcoin is received, converted (if needed), and reported, all while ensuring the company remains in compliance and capital-efficient.
This impacts the income statement directly, contributing to both revenue growth and margin improvement.
⸻
3. Operational Efficiency
Bitcoin can simplify payments infrastructure. For companies with global vendors or customers, it can reduce friction, speed up settlement, and cut fees. For lean teams, this kind of efficiency matters.
But operationalizing Bitcoin without clear workflows can create more noise than benefit. That’s where CAS brings value. It helps evaluate tools and platforms while also documenting processes and ensuring the team is trained and aligned.
The result is better control over working capital and fewer surprises in the cash conversion cycle.
⸻
4. Risk Management
With opportunity comes risk. Volatility, custody, regulatory uncertainty; all of it requires clear policies. A good CAS partner doesn’t eliminate risk, but helps quantify, plan for, and communicate it to stakeholders.
This includes scenario planning, internal controls, and aligning treasury strategy with broader business objectives. It also means knowing when not to overexpose the business.
⸻
What We’re Seeing From Clients
In practice, most companies begin with Treasury Management. It’s a natural entry point and the lowest operational lift. From there, some expand into Revenue Strategy, especially those looking to signal leadership in the Bitcoin space. Others move toward Operational Efficiency once volume justifies it. Finally, Risk Management considerations round out the maturity curve.
The companies seeing the most value aren’t the ones making headlines. They’re the ones quietly integrating Bitcoin into the parts of the business that matter most and doing it with strategy, not hype.
V. The Role of a Bitcoin-Savvy Fractional CFO
Integrating Bitcoin into a business isn’t difficult because of the technology. It’s difficult because of the accounting, the planning, and the decision-making that surrounds it.
Most founders don’t need more spreadsheets. What they do need is better questions, sharper insights, and a way to measure what actually matters in a fiat-distorted world. That’s where a fractional CFO comes in.
A Bitcoin-aware CFO brings the same strategic guidance as a traditional finance leader, but with an added layer of context that most firms are still missing. This includes:
• Treasury modeling that accounts for volatility, liquidity needs, and long-term purchasing power
• Custody strategy to align risk, accessibility, and audit readiness
• Policy development for internal approvals, allocation thresholds, and board-level reporting
• Risk-adjusted capital planning for growth without overexposure
• Tax-conscious implementation that respects regulatory boundaries while preserving flexibility
Just as important is KPI development and dashboarding. In an environment where nominal metrics can mislead, a CFO helps reframe what gets measured. That might mean building dashboards that compare fiat vs. Bitcoin-denominated performance, tracking purchasing power retention, or layering in macroeconomic risk factors.
The point isn’t to overcomplicate the numbers. It’s to bring them back to earth. When dashboards reflect reality (and not just legacy assumptions), founders gain the confidence to act decisively.
Bitcoin doesn’t replace financial leadership. It sharpens it. And when paired with a strategic advisor who understands both the numbers and the mission, it helps founders operate with clarity that’s hard to come by in today’s market.
VI. Why Satoshi Pacioli
At a certain stage, founders begin to realize that clean books and basic reporting only get them so far. What they really need is a financial partner who understands the deeper story; the one behind the numbers.
That’s where we come in.
Satoshi Pacioli was built to serve founders who operate in the real world but but think long term. We work with business owners who want to grow sustainably, protect their capital, and align their financial strategy with first principles.
We’re not a crypto firm chasing the latest trends. We don’t dabble in tokens, NFTs, or yield farming. Our focus is singular: helping companies integrate Bitcoin into their business model with clarity, precision, and purpose.
Our team combines deep accounting expertise with operational experience. We’ve sat in boardrooms, managed cash crunches, built dashboards, and walked clients through both bull markets and bear markets. We speak the language of GAAP, tax, and treasury, but we also understand why sound money matters.
For some clients, we start with monthly reporting and tax. For others, we step in as a fractional CFO and help build strategy from the ground up. The common thread is trust. Our clients count on us to ask the right questions, spot what others miss, and offer insight that leads to action.
If you’re building something durable and want a partner who shares that mindset, we’re here to help.
VII. Conclusion: Sound Money, Clear Thinking
Scaling a business in today’s environment isn’t just about working harder. It’s about seeing clearly. And when the measuring stick itself is broken, even the smartest operators can be led astray.
Client Advisory Services provide the strategy. Bitcoin provides the foundation. Together, they help business owners reclaim clarity, protect capital, and make better decisions with better data.
That’s the work we do at Satoshi Pacioli. We help founders cut through the noise and build businesses that hold their value, not just on paper, but in terms of purchasing power and long-term resilience.
If you’re ready to move beyond surface-level reporting and build a company aligned with sound money principles, we’d love to hear from you.
Book a call with our team and see how Client Advisory Services can support your next chapter.
And if there’s a specific angle you’d like to see us explore in more detail—whether it’s treasury policy, Bitcoin payment workflows, or sound money KPIs—drop a comment below. We use your input to shape future content, so if there’s a challenge you’re facing or a topic you want to see unpacked, let us know. Your question might become the focus of a future article.
Michael Leonardi, CPA

2025-06-18 15:54:45 UTC

A couple week ago we introduce our new product offering: Client Advisory Services.
Today @nprofile…jnpm gives an in-depth overview of what CAS is and how it might be critical for your business's success. Check out the full article below and consider subscribing!
https://open.substack.com/pub/satoshipacioliaccounting/p/sound-money-smart-scaling-cas-tactics?

2025-06-14 19:07:08 UTC

- reply

Or read it fully here on Nostr
5 Tax tips for Summer that could save you money and headaches come Spring
1. Just Married?
If you tied the knot this summer, be sure to update your name and address with the IRS and Social Security to avoid refund delays or e-filing issues. Use Form 8822 for address changes, and let your employer know, too. A quick update now can save headaches at tax time.
2. Kids in Day Camp?
Day camp costs may qualify for the Child and Dependent Care Credit if you worked or looked for work while your child attended. This includes sports, art, or science day camp just not overnight camps. Save receipts and camp details to claim the credit next spring.
3. Business Travel?
Work trips can be tax-deductible if the travel is primarily for business. Expenses like airfare, hotels, and mileage may count, but you’ll need detailed records and receipts. Keeping a travel log now can mean valuable deductions later.
4. Summer Job or Side Hustle?
Even part-time or temporary jobs can lead to a tax refund if taxes were withheld from your paycheck. If you earn money through gig apps or freelancing, that income is taxable and may come with a 1099-K form. Track all your earnings and expenses to make tax time easier.
5. Home Upgrades?
Energy-efficient home improvement like new windows, insulation, or solar panels—could earn you up to $3,200 in tax credits. These credits reduce your tax bill dollar-for-dollar, not just your taxable income. Check the IRS Home Energy Tax Credits page to see what qualifies.
Bonus - depending on what happens with the tax bill currently working its way through Congress, homeowners in high tax states could see a significant increase in deductible property taxes from $10k to $40k, which would lower taxable income.
Bottom Line:
A few smart steps this summer can make next tax season smoother and possibly more rewarding. If you have questions or want help getting organized, Satoshi Pacioli is here for you!

2025-06-14 19:02:43 UTC

New Substack post up, 5 tax tips for the summer!
https://open.substack.com/pub/satoshipacioliaccounting/p/5-tax-tips-for-the-summer-that-could

2025-06-06 14:07:21 UTC

Excited to announce the addition of @nprofile…9yj3, to the team.
Jordan is a bitcoiner and has run his own tax firm since 2019. He is also building @nprofile…vmzz , an accounting tool for bitcoin businesses.
Full detail at Substack link below:
https://open.substack.com/pub/satoshipacioliaccounting/p/satoshi-pacioli-ramps-up-tax-operations?utm_source=share&utm_medium=android&r=2g57yp

2025-05-26 16:08:53 UTC

- reply

We'll get there. Right now we are trying to connect with the broader audience already on Substack.

2025-05-26 11:31:23 UTC

If you would like to have quality content delivered directly to your inbox, please consider subscribing to our new Substack!
First post reflecting on the bitcoin conference in Vegas this week. More to come!
https://open.substack.com/pub/satoshipacioliaccounting/p/introducing-the-satoshi-pacioli-substack

2025-04-22 01:07:41 UTC

- reply

I don't know what this is, so I might need your assistance.

2025-04-22 01:00:43 UTC

- reply

That's ok, most of our post are better left unengaged.

2025-04-22 00:57:24 UTC

No bluecheck on twitter, but we've got premium @nprofile…mdf3!

2025-04-15 18:44:05 UTC

- reply

This is next level financial engineering.

2025-04-15 13:27:55 UTC

- reply

No one is worried about taxing your Zaps, they are already taking a third of your paycheck before it hits your back account.

2025-04-15 12:33:41 UTC

PSA: The tax deadline for individuals and corporations is today. If you haven't filed already, file for an extension. It takes 5 minutes and can save you thousands in penalties for late filing.

2025-04-13 14:00:57 UTC

- reply

Common theme here...our clients are finding ways to stack more sats.
#nevent1q…f89q

2025-04-02 15:49:26 UTC

- reply

Join us on Tuesday! Link to webinar below.
#nevent1q…6g07

2025-03-13 18:43:23 UTC

Inflation ruins our ability to accurately present a company's true financial picture in traditional financial statements.
But this is one more thing that bitcoin fixes!!!
Find out how in our new blog post from @nprofile…0qvj, linked below.
https://satoshipacioli.com/the-fiat-fog-how-inflation-distorts-financial-reality/

2025-03-03 17:58:06 UTC

- reply

They still can, this provides more time for that to get that done.
Although maybe they punt because Treasury has taken the pressure off.

2025-03-03 17:56:24 UTC

- reply

For now, but they have said more clear guidance will be coming for what is needed from foreign entities.

2025-03-03 02:07:05 UTC

Big win for privacy here for small business owners. The BOI reporting requirement is off under guidance directly from the Treasury.
https://m.primal.net/PRma.png

2025-02-17 20:21:16 UTC

- reply

Bitcoin-only makes our lives so much easier.

2025-02-06 19:38:31 UTC

- reply

We'll look for additional ways to optimize.

2025-02-06 02:47:15 UTC

- reply

Great, we made an update with historical price data saved in the file, so google doesn't have to pull as much information every time. If you go to the same link you can try out the new version.

2025-02-05 17:34:28 UTC

- reply

Thanks for the feedback, we'll check it out.

2025-02-03 15:01:39 UTC

February means tax season is officially in full swing!
We often get asked about the best tools for tracking bitcoin taxes and most of what is available focuses on serving crypto broadly and is not customizable. So we put together a simple spreadsheet to share with the community.
There are two versions, one in google sheets and the other in excel.
https://satoshipacioli.com/new-google-sheet-excel-template/
This is our first version and we would love to make continued improvements based on user feedback.
Currently it tracks gains/losses based on FIFO/LIFO/HIFO and your current cost basis of coins held.

2025-02-02 18:34:32 UTC

👀
#note14pj…8dea

2025-01-16 03:14:12 UTC

- reply

We'll make some call 😂

2025-01-16 00:58:11 UTC

We've got something really cool* in the works we'll be releasing soon.
Drop a guess of what you think it might be below 👇
*cool on the accounting/tax scale, your adjective may vary.

2025-01-02 01:42:06 UTC

- reply

Yes, that appears to be the case. FIFO on hold for one more year.
https://finance.yahoo.com/news/irs-delays-implementation-crypto-cost-173100985.html

2024-12-31 19:56:39 UTC

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!

2024-12-31 03:41:34 UTC

- reply

Appreciate @nprofile…qft7 having us on to discuss the new IRS cost basis guidance, on such short notice.
Hopefully there are some valuable takeaways from this conversation.
#nevent1q…8gg6

2024-12-30 14:56:14 UTC

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 UTC

- reply

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 UTC

- reply

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.

2024-12-18 17:28:43 UTC

🚨 Did you know about the 3.8% Net Investment Income Tax (NIIT)? If your income hits certain thresholds, this tax could apply to you! Here's a quick breakdown and tips to reduce its impact: 🧵👇
1/ What is NIIT?
NIIT applies if your modified adjusted gross income (MAGI) exceeds $200K (single) or $250K (married filing jointly). It’s the lesser of:
💡 MAGI above the threshold
💡 Net investment income
2/ Example:
MAGI: $210K
Investment income: $50K
(Single filer)
$210K - $200K = $10K (excess over threshold)
Tax = $10K × 3.8% = $380
3/ What counts as investment income?
✅ Gains from stocks, bonds, mutual funds, and bitcoin
✅ Real estate gains (excludes primary home, up to $250K/$500K gain)
✅ Dividends & interest
4/ How to reduce NIIT impact:
🔹 Municipal bonds: Their interest is tax-exempt! Shift to muni bonds/ETFs for tax savings. Run the math for after-tax yields first.
🔹 Portfolio rebalancing: Emphasize growth stocks over dividend payers.
🔹 Lower AGI: Contribute to tax-advantaged accounts like 401(k)s, IRAs, or HSAs to stay under the thresholds.
🔹 Installment sales: Spread gains from property sales over years to lower taxable income.
🔹 1031 exchanges: Selling investment property? Use a 1031 exchange to defer capital gains and reduce NIIT exposure.
5/ NIIT is avoidable with planning. Maximize after-tax returns, stay proactive, and consult with a tax professional (like us) to strategize!

2024-12-17 20:20:55 UTC

🚨 Stop! Don’t fall for misleading tax advice on social media 🚨
The IRS is warning taxpayers about viral “tax hacks” that promise huge refunds but can lead to delayed refunds, audits, steep penalties, and even criminal prosecution. Scammers and misinformed influencers are pushing bad advice to get likes and clicks while putting your finances at serious risk.
🔍 Top scams to watch out for:
• ❌ “Self-Employment Tax Credit” – This credit doesn’t exist. Scammers misuse Form 7202, which applied only for COVID-19 sick and family leave credits in 2020-2021. It’s not valid for 2023 or 2024.
• ❌ Fuel Tax Credit – This credit is for qualifying business purposes like farms or aviation fuel, not for the gas in personal vehicles. Most individuals do not qualify, yet scammers push this to inflate refunds.
• ❌ Fake income or withholding – Scammers encourage filing false W-2s with fake income and withholding to generate large refunds. This is fraud and can result in audits, fines, and criminal charges.
• ❌ “Claim of Right” Deduction – Promoters advise taxpayers to deduct their wages as “necessary expenses,” which has no legal basis and will result in IRS scrutiny.
• ❌ Fictional household employees – A scam where taxpayers invent employees and misuse Schedule H to claim false sick leave credits.
💡 The bottom line:
If it sounds too good to be true, it probably is. Viral videos and influencers promoting “free money” or secret tax tricks are spreading misleading or outright fraudulent advice. Falling for these schemes can delay refunds, trigger IRS audits, or result in fines and even federal prosecution.
✅ What should you do instead?
1️⃣ Follow trusted sources: Visit www.IRS.gov or follow official IRS social media accounts for accurate information.
2️⃣ Consult a tax professional: A qualified, licensed tax expert can help you navigate tax season safely and maximize legitimate credits.
3️⃣ Fact-check before you act: Don’t take financial advice from someone “talking in their car or kitchen.” Do your research first.
4️⃣ Report scams: Protect yourself and others by reporting tax fraud and suspicious preparers to the IRS or Treasury Inspector General.
💡 Remember: Social media may be entertaining, but it’s not the place for reliable tax advice. Protect your refund, your finances, and your peace of mind by seeking trustworthy, verified sources this tax season.

2024-12-14 02:06:06 UTC

- reply

Thanks for guiding us through our first webinar!

2024-12-10 17:38:13 UTC

📢 Reminder for retirees 73 and older: Don’t miss your year-end deadline for Required Minimum Distributions (RMDs)! Failing to take them on time can lead to hefty penalties.
Key Updates from the SECURE 2.0 Act:
• The age for starting RMDs has increased to 73.
• Roth 401(k) & 403(b) accounts are now exempt from RMDs starting in 2024.
What Happens if You Miss Your RMD?
• If you fail to take the full RMD, you could face a 25% penalty on the amount not withdrawn. This penalty drops to 10% if corrected within 2 years.
Qualified Charitable Distributions (QCDs):
• If you’re 70½ or older, you can donate up to $105,000 directly from your IRA to a charity.
• QCDs count toward your RMD and can help avoid taxes on the amount donated, allowing you to still claim the standard deduction.
Don’t wait—make sure your RMD is satisfied, or use a QCD to meet the requirement and save on taxes! For more details, visit www.IRS.gov.

2024-12-06 18:02:32 UTC

Year-end tax moves for everyone:
1️⃣ Wash sale exemption for Bitcoin – Unlike stocks, Bitcoin isn’t subject to wash sale rules. You can sell at a loss to offset gains or claim a deduction, then immediately rebuy to maintain your position while still reaping the tax benefit.
2️⃣ Make tax-efficient gifts – Gift up to $18,000 per person ($36,000 for couples) without affecting lifetime estate tax exemptions.
3️⃣ Roth conversions – Convert traditional IRA funds during low-income years to lock in tax-free growth at a lower tax rate.
4️⃣ Harvest gains/losses – Offset gains with losses or realize gains at the 0% rate to reset your cost basis and minimize future taxes.

2024-12-05 17:31:45 UTC

Key tax strategies for business owners:
1️⃣ Choose the right business structure – S corporations can save thousands in self-employment taxes for those netting over $100,000. Optimize your balance of wages and distributions.
2️⃣ Leverage Section 179 – Deduct the full cost of qualifying equipment purchases in the year you buy them, reducing taxable income and freeing up cash flow.
3️⃣ Track expenses better – Organized bookkeeping ensures you capture every deduction, from travel to office supplies. Start now to avoid rushing and missing potential write-offs.
4️⃣ Defer income – Delay issuing invoices so payment hits in January. This reduces taxable income for 2024, especially useful if you expect to stay in the same or lower tax bracket next year.

2024-12-04 17:55:30 UTC

Tax-saving strategies for investors:
6️⃣ Tax loss harvesting – Sell losing investments to offset gains or claim up to $3,000 against income. Wash sale rules prevent repurchasing the same or similar investments within 30 days, but they don’t apply to Bitcoin. This means you can sell and immediately rebuy Bitcoin to claim losses while maintaining your position.
7️⃣ Tax gain harvesting – If your income is below $47,025 (single) or $94,050 (MFJ), realize gains at the 0% capital gains rate. Repurchase the asset to reset the cost basis.
8️⃣ Roth conversions – Low-income years are ideal for converting traditional IRAs to Roth IRAs. You’ll pay taxes now, likely at a lower rate, and enjoy tax-free growth and withdrawals later.
9️⃣ Maximize HSA contributions – Contribute $4,150 (individual) or $8,300 (family) if you have a high-deductible health plan. HSAs offer triple tax benefits: tax deductions on contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses.
🔟 Donor-advised funds (DAF) – Lump-sum charitable contributions to a DAF give you an immediate tax deduction while letting you distribute funds to charities over several years.

2024-12-03 16:47:36 UTC

November & December are prime months for tax planning. Here are 15 ways to save now and in the future:
1️⃣ Max out retirement contributions – Contribute the max $23,000 to traditional or Roth 401(k)s. Traditional reduces taxable income; Roth builds tax-free retirement savings.
2️⃣ Mega Backdoor Roth – Some workplace plans allow after-tax 401(k) contributions that can be rolled into a Roth IRA or Roth 401(k). Save even more for retirement with tax-free growth potential.
3️⃣ Backdoor Roth – For high earners, contribute to a non-deductible traditional IRA and convert it to a Roth IRA. Ensure you have no pre-tax IRA balances by Dec 31 to avoid pro-rata taxes.
4️⃣ Donate appreciated shares – If donating to charity, give appreciated shares instead of cash to avoid capital gains taxes. Repurchase the shares to reset your cost basis and reduce future taxable gains.
5️⃣ Qualified Charitable Distribution (QCD) – If you’re 70½+, donate directly from your IRA (up to $105,000). This satisfies RMDs, avoids taxes on the distribution, and lets you take the standard deduction.

2024-11-26 15:27:06 UTC

- reply

🤣🤣🤣

2024-11-22 17:38:47 UTC

Is an S-Corp Right for You? 💼
✅ You’ll get tax savings, liability protection, and a professional edge.
⚠️ But it comes with admin work and rules to follow.
The bottom line: If you want to cut taxes AND grow your biz, it’s worth a look. Just talk to a tax pro before diving in!
👉 Got questions? Drop ‘em below or DM us—We’ve got you!

2024-11-21 17:21:38 UTC

Who’s a Good Fit for an S-Corp? 🤝
S-Corps shine for:
✔️ Small-to-medium businesses with steady profits.
✔️ Owners actively working in the biz who want to save on taxes.
✔️ Anyone okay with handling the paperwork and payroll.
But they’re NOT ideal if:
❌ You’re chasing big investors.
❌ You’ve got foreign partners or need multiple stock types.
Got steady cash flow? This might be your sweet spot.

2024-11-20 18:16:09 UTC

The Downsides of S-Corps 😬
Not everything’s sunshine and tax savings. Here’s the deal:
⚠️ Strict Rules: Max 100 U.S. shareholders, and only one type of stock allowed.
⚠️ Admin Work: Meetings, minutes, payroll, filings.
⚠️ “Reasonable Salary” Rule: The IRS expects owner-employees to pay themselves a fair wage (yes, even if profits are tight).
Make sure the benefits outweigh the hassle for your business.

2024-11-19 17:32:22 UTC

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 UTC

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 UTC

💼 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 UTC

- reply

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 UTC

👥 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 UTC

📢 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 UTC

- reply

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 UTC

- reply

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 UTC

- reply

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

2024-10-29 16:32:18 UTC

- reply

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 UTC

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 UTC

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 23:40:49 UTC

Do you know where your accountant is?
Because ours are at bitcoin meetups.
@nprofile…303a celebrated Open House #21 tonight. The same night that @nprofile…7lfp in Denver opens its doors. Congrats to everyone involved in building these communities!
@nprofile…4wzj, @nprofile…hlxk, @nprofile…dw06

2024-10-01 13:51:02 UTC

- reply

Taxes are terrible, we try to make them less terrible.

2024-10-01 13:37:50 UTC

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 UTC

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

2024-08-26 16:58:32 UTC

We are pleased to announce the addition of @npub1x3y…t5gr to the Satoshi Pacioli team as a Senior Advisor! Michael is a passionate bitcoiner, CPA, and experienced fractional CFO.
Welcome @npub1x3y…t5gr!!!
https://satoshipacioli.com/satoshi-pacioli-adds-senior-advisor/

2024-08-02 01:19:38 UTC

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

2024-07-31 11:59:23 UTC

- reply

Very cool!

2024-07-21 21:17:59 UTC

- reply

Link to form: https://cryptpad.fr/form/#/2/form/view/1dVWf1mRDC3SLJbzTsQXzOcCxnzq+s-AMELaOYrt7II/

2024-07-21 21:16:53 UTC

Its going to be a great week in Nashville! We wanted to kick off the week with a little announcement. Exclusive to Nostr until tomorrow morning.
We are pleased to announce a new program to provide pro-bono tax support for open source bitcoiners developers.
If you are a bitcoin open source developer we invite you to reach out to: bitdevsupport@satoshipacioli.com, or fill out the form linked in the full announcement.
Full announcement:
https://satoshipacioli.com/satoshi-pacioli-accounting-announces-free-tax-services-for-open-source-bitcoin-developers/

2024-05-22 15:12:10 UTC

- reply

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

2024-04-11 20:39:53 UTC

- reply

Appreciate the shout-out @npub1s54…74y9! We need to be spending more time on Nostr to find the real bitcoiners.

2023-10-10 21:52:29 UTC

- reply

Sweet Cap though!

2023-10-10 02:14:43 UTC

- reply

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

2023-10-08 03:05:50 UTC

- reply

We demand a month long event!

2023-10-08 02:39:01 UTC

Phillies 3-0 during Pacific Bitcoin.
Thanks Swan!

2023-10-05 03:15:10 UTC

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 UTC

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 21:41:52 UTC

https://i.current.fyi/resonance/3w12q2PrlaSQ_400.gif
Happy Friday Nostr!

2023-09-08 21:41:07 UTC

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

2023-08-22 09:24:45 UTC

Flying out to Austin this morning for BitBlockBoom.
Credit to Gary for scheduling the conference during the hottest time of the year to ensure only the most diehard bitcoiners attend.

2023-07-22 23:09:11 UTC

- reply

Robosats?

2023-07-22 16:20:00 UTC

Day 5 - 8k run complete.

2023-07-20 12:50:29 UTC

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 UTC

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

2023-07-19 02:15:56 UTC

- reply

A shift in the Overton window.

2023-07-18 22:55:01 UTC

First day running in over a month.
Solid 5k to kick things off.

2023-04-08 15:16:59 UTC

- reply

Sent you a DM. Happy to answer any questions.

2023-02-21 02:01:49 UTC

#[0] Verifying My Public Key: "@satoshipacioli"