SAS_ART
patreon
Housekeeping and (Ugh) Accounting
🕑 Added 2020-06-28 15:30:42 +0000 UTC
So, if you have not heard by now, there's some fun coming for the next round of payments. Here's how Patreon puts it:
"Hi everyone,
I wanted to give you an update on some changes that we’ll be seeing which may affect some of your pledges. Due to new laws passing in several countries and US states, Patreon will be required to start charging sales tax on some pledges starting July 1st.
Less than half of all patrons will be charged sales tax, and for most, the amount will be very small. For example, sales tax rates in the US range from 4% to 11%, so on a $5 pledge, that would be between 20 cents and 55 cents.
Whether or not you will be charged sales tax depends on your location, and what is considered taxable there. Not every pledge is taxable, not all benefits are taxable in every location, and sometimes only a fraction of a pledge will be taxable. The money that Patreon collects as a result of these laws are paid directly to local governments.
I’m working closely with Patreon to ensure I’m able to save you as much money as possible when it comes to sales tax - which is not something that’s possible with other platforms.
If you’re in a location where sales tax will be required, you should expect to receive an email from Patreon with more information about this very soon, but I wanted to make sure you were aware of these changes way ahead of July 1st when they go into effect.
If you have questions, you should be able to find answers here. If you still have questions, the best place to get an answer is from Patreon’s customer support team, here.
Thank you for all of your support."
The "working closely with Patreon to save you money" bit no doubt refers to the new menu that allows me to more precisely describe my tier benefits so that they can be put in certain categories which may or may not be taxed by your state or local authorities. I've been meaning to revisit and refine those categories anyway, and so this gave me a great excuse to do that. I've just completed the updates, so you may wish to revisit your tier and see what I've got listed. I cite specific ongoing projects in the descriptions, so you can expect to see these change on a regular basis.
Sadly I have no idea how this will affect the tax you pay, but hopefully it helps a little. In the meantime, however this development affects your decision to support this page, know that I am forever grateful for the support you have given me in the past and for any future support as well. I know June was a rough month for all of us but I am hoping for a new lease on things in July. Meanwhile, look for a couple of pinup goodies headed your way later today.
Take care,
SAS
