Example: How a Houston Delivery Business Tracks Crypto Income for Taxes

Omar runs a small food delivery business in Houston. He started accepting crypto through his Square account in early 2026. His accountant told him two things: record every crypto payment in dollars at the time it is received, and bring those records to the annual tax conversation. Omar set up a simple log in a spreadsheet. For each crypto payment, he noted the date, the dollar amount shown on his Square dashboard at the time of the transaction, and the customer reference. His payment processor converted automatically, so the dollar amount was already calculated for him. At year end, he exported the transaction report from Square and handed it to his accountant alongside his other income records. The accountant confirmed that his crypto income was treated the same as his card income: ordinary business revenue, taxed at his normal rate. Omar had expected it to be complicated. The record-keeping took him about five minutes a week.