MicrostockGroup

Agency Based Discussion => Envato => Topic started by: pixel8 on May 24, 2016, 14:07

Title: Unusual Numbers
Post by: pixel8 on May 24, 2016, 14:07
So I tried putting a sample of my photos on Envato of Photodune. Here are my stats

Sales earnings this month (May), after associated author fees, & before taxes:
$3.24

Your balance:
$1.50

Total value of your sales, before taxes:
$11.00
based on list price

So my total value for my sales is $11  however I am only getting $1.50, what happened to the $3.24?

So I uploaded 90 images and have a portfolio of 2300. If I was to upload my entire portfolio at this rate of earning I could expect about $38.33 a month. NO THANK YOU!

Also It says I had 4 sales but only reports 3

Funny Numbers All Around. I will be deleting my account soon.
Title: Re: Unusual Numbers
Post by: SpaceStockFootage on May 25, 2016, 03:31
Withholding tax. Go into your settings and fill out the W8 or W9. Depends on where you're based, and whether you enter a tax ID number, but the tax could be reduced to zero. So you'd then get $3.24 in your balance for an $11 sale, rather than $3.24
Title: Re: Unusual Numbers
Post by: SpaceStockFootage on May 25, 2016, 06:40
Although it should be $3.96 at 36%, rather than $3.24. Maybe something to do with that missing sale you mentioned. If it as a $2 sale then that would account for the missing $0.72

But yeah, sort your tax out and it'll be a bit better. Give it some time as well, there are extended licenses out there to be had!
Title: Re: Unusual Numbers
Post by: dpimborough on May 26, 2016, 10:53
It really beggars the question why a company in Australia is applying US withholding taxes on sales when they claim to be a market place and not an agency. ???
Title: Re: Unusual Numbers
Post by: increasingdifficulty on May 26, 2016, 11:10
Because the company is now in the US and is required by law to do so.
Title: Re: Unusual Numbers
Post by: dpimborough on May 27, 2016, 05:12
Quote from: increasingdifficulty on May 26, 2016, 11:10
Because the company is now in the US and is required by law to do so.

Envato HQ

121 King Street Melbourne Australia

Postal

PO Box 16122 Collins Street West Victoria Australia

That is not the USA ~
Title: Re: Unusual Numbers
Post by: increasingdifficulty on May 27, 2016, 05:26
Quote from: Teddy the Cat on May 27, 2016, 05:12
That is not the USA ~


Then do some more research:

http://inside.envato.com/usa-tax-withdrawal-changes/ (http://inside.envato.com/usa-tax-withdrawal-changes/)
Title: Re: Unusual Numbers
Post by: dpimborough on May 28, 2016, 05:24
Quote from: increasingdifficulty on May 27, 2016, 05:26
Quote from: Teddy the Cat on May 27, 2016, 05:12
That is not the USA ~


Then do some more research:

[url]http://inside.envato.com/usa-tax-withdrawal-changes/[/url] ([url]http://inside.envato.com/usa-tax-withdrawal-changes/[/url])


Fair enough