Posts by Crusader12

230 posts
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Crusader12
Envato team
says

A lot of authors upload new releases of their existing items as new items – however the newer version must be a significant update to the existing version. If this applies to you then you’re technically dealing with a different item which is not subject to exclusivity agreement.

However, as soon as that next version is uploaded to any Envato site under an exclusive account, you cannot give it away for free. Basically, on a technicality the updated item is not the same as the one you’re selling here, and whenever you’re finished beta testing, running a contest/promo, or whatever – then you can decide the fate of that new item – including offering it as a free update to your existing item ;)

230 posts
  • Made it to the Authors' Hall of Fame
  • Member of the Envato Team
  • Had an item featured on Envato Market
  • Contributed a free file of the month
+13 more
Crusader12
Envato team
says
230 posts
  • Made it to the Authors' Hall of Fame
  • Member of the Envato Team
  • Had an item featured on Envato Market
  • Contributed a free file of the month
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Crusader12
Envato team
says

The Agony and the Ecstasy – Irving Stone

Noir – KW Jeter

Enders Game – Orson Scott Card

230 posts
  • Made it to the Authors' Hall of Fame
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Crusader12
Envato team
says

I’m also a bit confused…we’re supposed to claim 100% of the sale? Last year, I claimed what I earned and did not write off Envato’s cut as an expense – as my accountant advised.

Unless I’m confused, I now need to claim 100% – which is 40% more than I actually see at any time. The only plus side to this is the ability to write off Envato’s cut as an expense, but would still mean this costs me more money in taxes.

However, my big concern is that Envato doesn’t quite seem setup for this. When I make a purchase, I see the amount that the author gets paid, then Envato’s amount – labeled as a “Buyer Fee”. To me, this says money goes from the Buyer to Envato.

The Author Terms Page says the same (8b): http://codecanyon.net/legal/author#how-selling-your-items-works
Buyer Fee: The item price a buyer pays also includes a fee for the buyer services they get from Envato like 24/7 buyer support, fraud protection, item quality control and other related buyer services.

So… I’m supposed to claim 100% of a sale, then write off the “Buyer Fee” as my Author Expense?

Am I supposed to claim 100% and if so, am I supposed to be writing off the “Buyer Fee” which appears to be coming from the Buyer to Envato?

[ speaking as an author ]

230 posts
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Crusader12
Envato team
says

This is a cookie issue.

230 posts
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Crusader12
Envato team
says

Well, I think that’s the important reason why we should all be on the up and up with our account settings. All of us are stepping out into the world to sell stuff digitally, and we should still have proper identification setup for taxation purposes.

230 posts
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Crusader12
Envato team
says
The problem arises because Envato does not pay me. The money sent to my partners is sent directly from Envato to their bank account. This money is never my money, at any point in the payment process.

This is a bit of a grey area in my opinion, since technically you can use your PayPal account as your only bank account now. If you weren’t ever going to move your money into your bank account, how would the IRS track it? PayPal is your point of payment, and your “bank account” is being paid by Envato.

We do? I don’t ever recall signing my name on a dotted line, Envato doesn’t even know who I am or where I live. Clicking a button on their terms of service does not give them the right to withhold earnings because they think I could, quite possibly, MAYBE be from the U.S.

Contractual agreements don’t necessarily always require written contracts. Verbal contracts or simply agreeing to the terms of service (such as when you signed up for the account) are all viable contracts.

Furthermore, they’re only going to withhold earnings if you try to cheat them. If you read through the link (especially the one that links out to the IRS site) – it is required by law for any company to do this under certain circumstances. If you don’t provide the proper tax ID number, they must withhold a flat 28%. If you do everything the correct, legal way – then nothing really should be changing, unless you’re currently avoiding taxes.

230 posts
  • Made it to the Authors' Hall of Fame
  • Member of the Envato Team
  • Had an item featured on Envato Market
  • Contributed a free file of the month
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Crusader12
Envato team
says

[ speaking only as an author ]

One thing I can recommend for US authors is to obtain a TIN that is NOT their social security number for use in this (and all other business matters) as throwing your social security number around (especially online) isn’t ideal.

230 posts
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Crusader12
Envato team
says

You might be surprised how much Microsoft code your Mac is actually running ;)

230 posts
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Crusader12
Envato team
says

Great story and a beautiful city :)

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