Received an offer at a Web3 company with a base of $250,000 with 170% bonus potential (last year pay out was 110%). The thing is that they pay in USDT. Paid fairly (or under?), and anyone experienced getting paid in USDT (stablecoin)? If so, should I be asking for much more because of tax implications? This is also under 1099.

like
Posting as :
works at
You are currently posting as works at

I have never been paid in stable coins but I don’t think there would be tax implications since in theory stable coins like USDT don’t fluctuate in price. But since it’s under a 1099 you would have to pay taxes on the amount as you normally would if you were paid in dollars. You also have to consider the potential cost of converting into fiat currency. I’m not super familiar with this area but that is my two cents.

Being paid 250k+ as a 1099 I’d highly questionable. Doubt that would hold up as a IC relationship is the IRS came knocking. No downside for you though, the liability would be the company’s. As the person said above me, look into the cost of converting USDT to cash and factor that into your model.

Which web3 company?

Sounds like a scam...get paid in USD $ or not at all

Related Posts

Hi fishes, need help

I'm working as a business tech analyst at ZS since 1.5 years and I have worked extensively in SQL and in automation using Python. I know a good deal of ML and DL theory and have done two projects which I believe are good. I'm from CS background and am decent at coding. Anyone who can help me with a referral for data science/ML engineer roles? Current CTC is 13L.

like
like

Hi fishes,
I am 3.6 years experience
I have offer from Invesco and EY offering 15 LPA .

Can you suggest what to choose
Based on WLB

like

Salary of Associate Director- Procurement & SCM in OLA Mobility ?

like

Anyone working at Dunzo? Want to understand how many units they give usually?

Hi Fish,

I am currently working in non tech as an analyst. I have learnt SQL AND Data warehousing concepts. I am thinking of switching to any data related role Data Analyst/Data engineer. Appreciate your views/thoughts on this.
Should I have to learn some more to switch or should take up any real time projects to start a career in the above mentioned fields.
Overall experience: 3y
CCTC: 4.2 LPA

THANK YOU

like

Thoughts on Vertex? Pipeline? Culture? Comp? Looking at a Director role.

like

Hi techies

I am a python developer with an experience of 3.3 years. my current CTC is 7 lakhs.
How much salary can I expect If i switch now?

like

saw this on portal, had asked for 30% hike on current fixed.

We regret to inform you that currently we do not have an open position that matches your expected compensation.
We have kept your profile on hold for the time being and hope to reconsider your profile for a suitable opening.

Do you think they will contact me again?

This time last year, I was making 70k without bonus potential. Tomorrow, I am putting in my notice and I will be making 110k with potential bonuses. Remember to take care of you.

likeuplifting

People need to stop asking if they’re underpaid based on superficial stats. How do I know whether or not you’re good?

like

Iris Noida or Wipro Gurgaon
Which should I join?
Both giving 15 LPA, wipro has a variable of 1.12 lakh
YOE: 5.5 years, technologies : SSIS, SQL

like

Does someone have information about Kearney Dubai. Would be highly interested in getting some insights about team events, benefits besides salary as well as hotels or flight classes. 

like

Just venting. College friend (same ethnicity but came to US with family as a kid) told me she might get a new job offer w a smaller firm, 50% pay bump. We currently work at comparable big firms but her pay is already higher than mine (hers include stocks, mine doesn’t). We did equally well in college & I know I’m just as smart. Can’t help but feel like my career’d have been much better if I did not need sponsorship. Smaller firms don’t sponsor so I work at a big firm but pay isn’t great 🙄

likesmart
like

AWS devops engineer without devops experience but 7 months of training in all required tools like Kubernetes, Docker, etc, how much can be expected? Total experience in Operations 3 years. Package 6Lac.

Tags - HCL Technologies Tata Consultancy Accenture India Wipro AWS IBM Oracle Infosys

like

Can anyone tell me about work life balance at KGS

I have offer from KGS with 11.5 fixed
OFSS 11 CTC + 75 k JB
Medline 13 CTC
Bitwise 13 CTC
Barklays 11.5 fixed
Impetus 9.5 CTC
Capgemini 11.5

YOE: 3.3 Skill: Oracle PLSQL

Kindly suggest me which one I should consider to join and why?

like

What's the salary range for scrum master in Tata Consultancy ??
Relevant yoe -5
Overall yoe - 7

Tata Consultancy

like

Hi guys, yoe: 18; tech: Java j2ee cloud tech leadership..looking for Director level roles in Hyderabad in product companies. Cctc:55Lpa; What's ideal ctc to look for?

like

More Posts

Anyone subleasing a place for June and possibly July? Looking for a 2 bed if possible. Thanks!

like

Any one getting hired for city bank project in Wipro . How the the city bank unit in Wipro

like

Hello all,

Would anyone mind sharing what are the expectations for a take home case study? How do you prepare your slides, any format you could share?

Can anyone share interview experience for the role of Full Stack Developer at McKinsey & Company for  Build by McKinsey?@

Yoe - 3

like

Any tips on McKinsey problem solving game please. Have a test scheduled today.

like

Is Hollywood out of creativity nowadays? Every film seems to be similar to a pre-existing one and don't even get me started on all the remakes.

like

Ericsson IT Solutions & Services Hi folks I have been selected in below companies. Working as a Java backend developer in TCS with 3.5 years of experience. To day is my last working day. Please suggest me in choosing company

Accenture Bangalore
ADP(Automatic Data Processing) Hyderabad Ericsson IT Solutions & Services Bangalore Virtusa (Standard Chartered Bank client project)
ACS Solutions hyderabad

like

Any DMVers? 👀

I’m there every Sunday, and I just hosted the NYC Meetup yesterday, but I’m down to do a brunch meet sometime soon!

If we have enough DMVers in here… ya know… I’m down to clown! 🥳

like

I am currently in negotiation with Agoda Bangkok for senior software engineer position. I am currently working in India. How much I should ask them during the negotiation? Also, if any Indian working at Agoda Bangkok can guide me with the kind of expenses in Bangkok as an expat?

likehelpful

What a good news to have on Friday. IR35 repealed from April 23. Good old days of contracting are back. Good riddance from consulting companies who charge big rates and pay peanuts.

like

Tired of the long audit hours and not ready for another busy season? Join Deloitte’s Accounting & Reporting Advisory group. The hours and pay are better and there’s no busy season. DM me if you want a referral or more details.

funnylike

Who here is willing to turn on networking for the next 2 hours?? People want to see their options in this bowl! You can then quietly go back into the shadows.

My SO and I are contemplating pursuing MBAs simultaneously; is it advisable? Any personal experiences to share?

like

Hi all,

I am joining Natwest Group in July 2022 and as per my agreement with HR and manager, I will be working from office after 2 months of joining (from September onwards)

My question is how will my onboarding be online or I have to be in office for onboarding process.

Your help is highly appreciated

like

Do we get chance to negotiate when we receive the letter tomorrow ? Or they provide the final letter only ?

Alright this bowl has convinced me I need to buy a Rolex. Where do I begin? I know my brother got a Batman GMT after about a year at a jeweler he never purchased from a few years ago, but was he just lucky? Do I need a relationship with an AD in today’s market for a Sub or GMT? Based in Seattle but would prefer to buy in Oregon to avoid taxes

like

Hi fishes,

One different question 😅,
Is it possible to live in metro cities with 95k / month of salary (no debt / emi to pay)
For a couple without kids and parents?

funnylike

Need to urgently find a 500k job. Can't keep up with mortgages with anything less. Any advice?

likefunny

Get on a CDM already...

Post Photo
like

Additional Posts in Compensation, Salary and Bonus

AWS Engagement Managers (or even Senior EM) pay/benefits in Canada if possible (if not, US is fine with COL mention) ? Can anyone compare to Big4 ?

like

Newly promoted M1. Transaction advisory services (FDD). Seattle.


Am I off base to expect $115-120k? Given how crazy M&A market is and demand for staff

like

Senior associate, 3.5 YOE, M&A tax in southeast US. What’s a reasonable salary expectation?

like

What does Chicago Tax Comp look like now days?

like

M1 FAAS salary at EY in office like Atlanta?

like

For those in private, how was bonus this year?

like

How much should one expect compensation wise for a Senior Financial Analyst position at Puma?

like

I am new in the US market and wondering about the pay range for a manager role in a fund admin firm in SF, CA. Can you kindly let me know?

likehelpful

What’s the salary for a manager 3/senior manager for FDD at pwc? Also, does anyone have tips on getting signing bonuses? Have conversations next week. Thanks all!

like

$150 base 15k signing bonus for manager at EY— seems low for current market. Thoughts?

likefunny

Help! What offer is the best for exit opps, WLB and overall growth?
PKF Healthcare audit
Aprio Tax for High Net worth individuals and some other industries
Fujifilm Tax associate focus on income tax
All salaries and benefits are the same, hybrid models.
Thank you!!

like

What’s the typical salary for a SA2 in Advisory with 5 years of experience (2.5 years in consulting) in a hcol city (east coast)?

Inflation check @9% 🫡

like

What's a reasonable salary range for first year Senior in an area with cost of living at 95%?

like

Got recently promoted to M in Deloitte Advisory. Pretty bummed about a mere 6% increase. Thinking of switching to PwC. Anyone has any idea about base salary for Advisory M1 in PwC NJ / NY?

like

What has been your average % raise on a non-promo year over the course of your career?

like

Currently making 56k as a first year Tax Staff, what percentage or ranges should I be looking towards ? Regionally known firm.

like

Anyone have any insight into the most recent base salary for S1 PwC advisory (Management consulting FS)?

like

Best podcasts for personal financial management?

Big4 senior 3 tax comps?

likehelpful

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal