So my friend's dad owns a few companies. Without getting into it let's say one is a shop and one is online service or online platform where he provides a service.
He very much wants to accept Bitcoin but has no clue on how to go about it.
Some questions he had were how is it taxed and what are the tax rules with Bitcoin. ( Living in England, London)
What app or wallet is best used for sales or transactions.
Should he get his Bitcoin straight to a cold wallet when making a sale or to an exchange or hot wallet before going to a cold wallet?
If anyone accepts Bitcoin in the U.K for a service or shop etc please could you explain how to go about this?
Thank you for reading and look forward to the answers
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