You are accepting Bitcoin through Square, Shopify, or a Lightning wallet. We help you understand what sats are worth, track your income, and stay ready for tax time. No crypto expertise required.
Lightning payments enabled Nov 2025
Enter your daily transactions or monthly revenue and see your estimated income, tax liability, and cost basis reminders.
Record every Bitcoin payment with the dollar value at time of receipt. Track your total cost basis for IRS-compliant tax reporting.
That is the nature of Bitcoin price volatility. For tax purposes, what matters is the dollar value at the exact time of payment — not when you convert it. Many merchants convert to dollars immediately via their payment processor to avoid volatility risk.
Yes. The IRS treats Bitcoin payments you receive as ordinary business income, equal to the fair market value in USD at the time of receipt. You report it on your business taxes like any other revenue.
Cost basis is the dollar value of your Bitcoin at the time you received it. If you later spend or sell that Bitcoin, the cost basis determines your capital gain or loss. If you convert to dollars immediately, this is less relevant — but if you hold any Bitcoin, you should track it carefully.
Square provides transaction records, but the tax reporting granularity varies. For a fully compliant cost-basis record, you may want a dedicated tracker that logs the exact dollar value of each Bitcoin payment at time of receipt.
A satoshi is the smallest unit of Bitcoin — one hundred millionth of one BTC. Square's Lightning integration uses satoshis because they make small payment amounts readable. A $5 coffee is about 7,400 sats at current prices, which is much cleaner than 0.000074 BTC.
Unit conversions, tax basics, and what to record when a customer pays in sats — on one page. Print it, pin it.
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