★ 500 follower, Thanks everyone, upvote for everyone! Enjoy ★ Free Upvote for everyone 10%,25%,50%,100%

in #steemit7 years ago (edited)

Hey guys, you havent heard from me in a while. Cliffs ►

I still like Steemit a lot.
I still like the opportunity to make money with creativity.
I still like helping others, building community and working on something.
I still am a content creator as well.

Whats going on? ►

Tax Situation is unclear about cryptos in the UK. What i heard is, once you trade cryptos,you realise your taxable gains (even from crypto to crypto) and you have to keep track of it. It is a grey area and i am currently not 100% sure how the concept of steemit is defined by this. Capital gain tax, income tax? Until i am not clear in this i dont want to have to much trading going on. Which proably includes powering up/down, buying steem for sbd?

Anyway, thats what i want to find out first. I will keep you updated , seek an account and make my tax declaration.
(which would be quite a horror if i have to keep track of every claim, or everytime i transfered sbd to steem and then steempower) ,but lets see whats the right way in this. And maybe you as a reader thought about this topic for the first time.
I just think its good to prepared and doing the right think will result in a better sleep :). So now you know whats going on, I will keep you updated about the progress.

Meanwhile, i want to thank all of you 500followers! Good to have you onboard! Im quite impressed how that number rised and rised, even though i stopped writing new articles.

My upvote is worth quite a bit and i thought Instead of transacting anyone Steem or Steempower this is what i will do:

steemitparty.jpg

►100% Upvote for everyone who: follows, upvotes, resteems,
►50% Upvote for follow, upvote
►25% for follow or upvote
►10% for everyone else

Until my voting power is gone as long as the post is active (7 days)

Sort:  

@steemboys congrats on your 500 followers!! I still have a long way before i reach 500 . Upvoted , Followed & Resteemed!

Amazing accomplishment! Keep up the good work ;) I enjoy reading your posts when I got the time nowadays :) Followed, Upvoted and Resteemed ;)

Thanks a lot and i hope to continue bringing good and exciting content!

Without a doubt you will bring a lot of good content while you move forward to a 1000 followers ;)

Good Job :) Nice..

Hi,

Congrats on 500, also I am thinking about looking into non-U.S. tax rules once I roll out the entire U.S. crypto tax series I am writing. Or otherwise network with someone from the other countries on the platform who wants to take on the "sister" series.

Upvoted, resteemed and following to hear of your progress with the UK taxes.

If we can choose what you upvote, would prefer it would be my article on how the hardfork could impact US tax:
https://steemit.com/money/@cryptotax/bitcoin-cash-a-few-u-s-tax-possibilities-crypto-tax-blog-primer-to-part-ii

Thanks for the opportunity Steemboys.

You didn't mention if we should give you the link to the post we wanted upvoted. But I am going to put it here anyhow. Let me know if it is not welcome and I will remove it.

Where I could really use the votes right now is on my entry in the #memechallenge. My entry is here:
https://steemit.com/memechallenge/@mikepm74/meme-challenge-32-entry-2-jehovah-pug

Thanks again! Have a great day!!

I follow upvote and resteem! great job!

Nice ;-) thanks!

My first Resteem ever. Glad I found you as I've been reading your older posts and so far I am liking your style. Followed. Upvoted. & Resteemed.

Congrats, keep it up!
Tx

Congratz buddy, amazing

well, upvoted and followed
i hope you figure out your tax thing and can keep posting... you have some interesting stuff
here is my latest posts, i found these hilarious pics of asian people wearing tshirts with english writing where they obviously have no clue about what they are wearing...
https://steemit.com/fun/@felander/beware-of-cool-shirts-in-foreign-languages

Wohoo !! Big Congratulations dear you did a great job this is just a beginning many more to come cheers have a fantastic day :)

Congratulations! 500 followers, wow!

Congratulations on 500 followers, I upped you regardless of thew promised rewardm haha, I think it's so cool you got your first 500 followers!!!

Steem on!!!

spread the love.

First follower! haha Thanks!

No Problem, have a lot of fun on steemit!

Congratulations ! Still many more to Acheive . Keep It up ...

😄😁 Stay Cool


Cheers 🍻🍻

Congrats on the 500 followers!

Was already following you and I upvoted :)

Keep steem'in hard!

Good news and thanks a lot :)

I was checking your profile to see you have not written any tips for long, start writing.
Upvoted and Followed you.

Congratulation for the 500 follower milestone. Wish you for 1000 follower milestone :)

Congrats and hope you get to 1000 followers pretty soon

I believe that you only pay taxes when you take money out of crypto and back into fiat again. I'd also small withdrawals will probably keep you safe also.

Depends on the country of course. In the UK its even hard to find an accountant who knows what to do.

Most crypto isn't really that easy to be tracked though. I'd imagine that you could pull small amounts <$1000 without paying taxes, but if you were withdrawing much larger amounts to fiat, you'd probably want to report capital gains.

Thats right, but i would advise everyone not to trade too much, otherwise they might consider you being a "trader" which would result in income tax instead of capital gain tax.

Welcome to steemit @steemboys. Nice post.
Can we be a follower friends? I UpVoted and followed you. I also new in this channel and I collect friends. Can you also follow me and you will get a good contents from me. As you know: if you have a lot of friends you are rich (this is true mainly here ;-)
Enjoy the steemit community!

Welcome to Steem @steemboys I have upvoted and sent you a tip

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Welcom to steem i wish the best to you i just followed you ..you also can follow me for more upvote exchange !! Thanks

upvoted, followed and resteemed...

pls upvote on

https://steemit.com/steemit/@honolulu/improvement-proposal-for-steemit-please-support

and resteem if you like to ;)

Thanks a lot

Are you still active here?

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congrats :)

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Hi, how are you? I'm a goalkeeper, I really like your post and i follow you and I would be glad to look at my profile. every kind of support would be good for me, thanks!

Follow upvote done.
Great work thanks
@steemboys

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