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Messages - john_woodcock

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101
iStockPhoto.com / Re: dropping the crown at IS
« on: July 12, 2012, 05:56 »
Quote
it does seem to have worked out for the better.

I can't say I have seen anything to suggest this is true, at least in financial terms.

102
I do live in a cave. What's wrong with caves? Cavist!

103
I have a website and associated blog and Twitter link...
http://www.johnwoodcockillustration.co.uk/

104
General Stock Discussion / Re: Android Apps for Stock
« on: February 22, 2012, 09:47 »
Livestock for istock contributors is great, available free on Market.

105
General Stock Discussion / Re: VAT UK Tax stock question
« on: February 14, 2012, 01:59 »
I'd definitely agree with the above. VAT is not some cash cow to be milked indefinitely to boost your income, don't forget in the UK that VAT/Customs and Excise have more legal powers in terms of searching and enquiring into your affairs than do the police. When you're VAT registered you take on the role of a tax collector and it's a hassle, I know, I've been there. When you're VAT registered, if you pay little or no VAT but are getting a cheque from the VAT man every 3 months, eventually they are going to audit you to see why, as VAT fraud is a serious problem, and collecting no VAT but being paid by the VAT man is seen as a sign of potential fraud. Even submitting your own tax returns, considering you claim to have an income approaching VAT registration levels which are 73,000,is making you much more liable to an Inland Revenue audit.

106
General Stock Discussion / Re: VAT UK Tax stock question
« on: February 13, 2012, 04:14 »
I think, once you are VAT registered, you can retrospectively claim back VAT on capital expenses, possibly over the last 2 or 3 years, so that ( if true, and I'm relying on memory and I'm not an accountant)is an added bonus. In fact, I may start looking at re-registering, as I'm planning some big IT spending soon.

107
General Stock Discussion / Re: VAT UK Tax stock question
« on: February 13, 2012, 03:05 »
Well firstly I'm no accountant, but I'd have thought stock imagery would fall pretty much into the 'goods and services' category. I'd never considered the position with EU stock agencies, having personally only ever dealt with istock and getty, but I suspect if you were VAT registered you'd have to pay the VAT on EU sales, whether you can charge it or not ( and you obviously couldn't charge it), so you might well take a 20% hit on EU stock earnings. An accountants advise would be worth seeking I think.

108
General Stock Discussion / Re: VAT UK Tax stock question
« on: February 12, 2012, 14:58 »
Yes, the VAT rules are different for EU countries, I was thinking of my own istock income not being VAT chargeable. Unless you are buying a lot of equipment, it's more hassle that it's worth, I hated having to do my VAT every 3 months. Any  UK accountant will do it for you, they don't have to know about the stock business, just how much money comes from where. If you're approaching VAT threshold income do you not have an accountant anyway?

109
General Stock Discussion / Re: VAT UK Tax stock question
« on: February 12, 2012, 09:33 »
VAT is not payable on overseas income in the UK. If you have very few expenses to reclaim VAT on it would hardly be worth registering anyway, unless you're earning more than the VAT threshold on your UK income (Currently around 73,000) I was VAT registered but de-registered as more of my income came from overseas ( stock earnings) and very little from UK. The consequence of this was that I got to the point that every quarter the VAT man was paying me more than I was paying them and I'd heard that is the point that they may want to start investigating, so, as I was below the UK earnings threshold I de-registered.

110
Quote
believe it or not, two of my close friends and my brother are quitting exlc at Istock or already did it in the last couple of days so, no, I cannot follow anyone's progress

Surely you will be able to follow their progress once they are established as independents though? It may be that waiting 3 months to follow their progress would be worthwhile, rather than doing anything hasty. I have read very varying accounts of giving up exclusivity, so best to be very wary of listening too much to others, and if you have people close to you and whom you can trust to give honest feedback on their progress, I would hang on and follow their progress first.

111
iStockPhoto.com / Re: Poor vector sales - Same IS bla, bla, bla...
« on: February 03, 2012, 07:53 »
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probably better than the top ten IS exclusive illustrators put together

I think probably is the crucial word here.


Could equally be replaced possibly/maybe/I'm guessing wildly but.... etc etc


Very nice work though, whatever she earns.

112
iStockPhoto.com / Re: Poor vector sales - Same IS bla, bla, bla...
« on: February 03, 2012, 07:51 »
.

113
iStockPhoto.com / Re: Poor vector sales - Same IS bla, bla, bla...
« on: February 03, 2012, 07:46 »
.

114
iStockPhoto.com / Re: Poor vector sales - Same IS bla, bla, bla...
« on: February 02, 2012, 16:15 »
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I'm not an expert on that, but I would think that would be what IS would say).
IS was quite happy to propose the use of fonts when the Logo programme was supposedly underway though.

115
iStockPhoto.com / Re: Poor vector sales - Same IS bla, bla, bla...
« on: February 02, 2012, 09:36 »
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When all is said and done, you (really) have to admire the sarcasm of the Brits!

Oh, no sarcasm intended.

116
iStockPhoto.com / Re: Surprise, Surprise, Credits Reset to 0
« on: January 27, 2012, 06:42 »
Quote
Did they send you an email detailing the adjustments?

I received an email as far as I can remember telling me the adjustment would be put in my account and it was. I can't remember if the amount was broken down into individual amounts per file sold, but I can assure you if I hadn't been happy with the amount I would have been kicking up a serious fuss, so I was OK with it, as were others I know.

117
iStockPhoto.com / Re: Surprise, Surprise, Credits Reset to 0
« on: January 27, 2012, 06:37 »
Quote
No he isn't. I'm still waiting.

Well in that case i apologise, but I know of no one else in that position and I think the forums would have been pretty red hot were there many others. I assume you have contacted IS, so what is their reason for not paying you what is owed?

118
iStockPhoto.com / Re: Surprise, Surprise, Credits Reset to 0
« on: January 27, 2012, 06:19 »
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am I wrong in thinking they still haven't back-paid the difference in commission from the last time this happened?

You are wrong in thinking that, yes.

119
iStockPhoto.com / Re: Getty's 20%
« on: January 20, 2012, 10:55 »
I don't think personally it's the percentage that counts, it's all down to the income. If my income halves from what it currently is, that would be my tipping point.

120
iStockPhoto.com / Re: Ideas for Exclusives
« on: January 20, 2012, 05:49 »
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It is scary that he is asking

I think he was bordering on the sarcastic. My experience of Zazzle is that if it beat your iStock earnings you must be earning very little on IS.
Anyone who suggests Zazzle as a realistic alternative to exclusivity at IS is being a little less than realistic.

121
General Stock Discussion / Re: Your plans, for 2012 ?
« on: December 20, 2011, 04:42 »
I'm going back to concentrating on my freelance work. I still intend uploading but realise too many eggs in one basket is not a good plan. I've been there before but never learn! I've probably replaced my decrease in IS earnings with an upturn in freelance and will carry on in the same vein next year, as well as looking for new opportunities , such as my new website launching in the new year , showing my work but also selling my own branded products.

122
iStockPhoto.com / Re: Very bad sales with IS,I want to quit ...
« on: December 15, 2011, 10:55 »
^ The standard of debate here never fails to impress.

123
iStockPhoto.com / Re: Embarrassing Error Page
« on: November 30, 2011, 18:16 »
They've changed it now to something marginally less toe-curling.

"Service Temporarily Unavailable

The server is temporarily unable to service your request due to maintenance downtime or capacity problems. Please try again later.

Additionally, a 500 Internal Server Error error was encountered while trying to use an ErrorDocument to handle the request."

124
iStockPhoto.com / Re: iStock fails to recover ground
« on: November 18, 2011, 05:37 »
Ah, so you have a private and privileged entree into the inner workings of IS eh?

125
iStockPhoto.com / Re: iStock fails to recover ground
« on: November 18, 2011, 05:18 »
Quote
About six months ago, the last time I heard the numbers, iStock's revenue was about a third of Getty's, and rising, whereas Getty itself was flat.
Link?

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