Hello my dear gemlins!
I just posted a new episode for $5+ gemlins, please check it out once you've read this post!
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I believe on June 1st some of you should be receiving an email from Patreon about a new sales tax that they are required by law to charge starting July 1st. (the whole thing is explained here)
The main takeaways from the article are:
One specific example:
One reward I offer that is taxable are the PDF downloads of episodes.
Since in my Morganite ($5) tier the PDF is one of four or five rewards, I can put into my backend settings that only 20% of my content are downloads & taxable, which means that the tax will be applied to 20% of your $5 pledge, which is $1. Depending on your location this $1 is then what the sales tax is applied to, for example in Australia it's 10%. So 10% of $1 would be 10 cents that you're being charged in taxes for that tier.
Those taxes then go directly to the local governments, Patreon takes care of all that.
I hope that makes sense to you @_@)
None of this goes into effect until July 1st!
Until then I will keep reading up on those changes and I will adjust my tiers accordingly, because I want to keep the additional cost for you as low as possible, but of course I also have to be truthful about my rewards.
I'll keep you all updated on this topic as I learn more and decide how to handle the tiers. I don't want to change any of the actual rewards, but maybe structure them a bit differently, I'm really not sure yet.
If you have questions please feel free to ask! I'll do my best to reply and explain.
Thank you for your support!! β¨
Katelynn Back
2020-05-31 22:52:27 +0000 UTC