| Redisplay Messages: Compact | Brief | All | Full Show Messages: All | Without Replies| Author: | SylvainLS  | | Posted: | May 5, 2023 13:15 | | Subject: | Re: Bricklink seller fee | | Viewed: | 34 times | | Topic: | Taxes | |
|
| In Taxes, peregrinator writes:
| | In Taxes, SylvainLS writes:
| | But then the taxes are deductible, aren’t they?
|
Yes, as a business expense. So it does all come out in the wash.
|
Good. And who doesn’t love a bit more paperwork? 
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| Author: | peregrinator | | Posted: | May 5, 2023 13:05 | | Subject: | Re: Bricklink seller fee | | Viewed: | 41 times | | Topic: | Taxes | |
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| In Taxes, SylvainLS writes:
| | But then the taxes are deductible, aren’t they?
|
Yes, as a business expense. So it does all come out in the wash.
|
 |
| Author: | SylvainLS | | Posted: | May 5, 2023 10:23 | | Subject: | Re: Bricklink seller fee | | Viewed: | 42 times | | Topic: | Taxes | |
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| In Taxes, peregrinator writes:
| | In Taxes, runner.caller writes:
| | The sales tax goes into your paypal long enough for it to get added to the 1099
total that paypal sends you.
|
|
But then the taxes are deductible, aren’t they?
| | Yes - and you do get charged the processing fee (3.49% or whatever) on the sales
tax amount
|
Yes, I’m trying to stop giving walls of text to explain this thing 
Also, BL said they couldn’t do it any other way and the PayPal surplus was considered
their “fee” on handling the taxes for you (as opposed to having to raise the
BL fee on every transaction).
|
|
| Author: | Tdejacob | | Posted: | May 5, 2023 09:17 | | Subject: | Re: Bricklink seller fee | | Viewed: | 61 times | | Topic: | Taxes | |
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| | Thank you that clears up my confusion I appreciate it |
| Author: | peregrinator | | Posted: | May 5, 2023 09:12 | | Subject: | Re: Bricklink seller fee | | Viewed: | 49 times | | Topic: | Taxes | |
|
| In Taxes, runner.caller writes:
| | The sales tax goes into your paypal long enough for it to get added to the 1099
total that paypal sends you.
|
Yes - and you do get charged the processing fee (3.49% or whatever) on the sales
tax amount
|
|
| Author: | runner.caller | | Posted: | May 5, 2023 08:56 | | Subject: | Re: Bricklink seller fee | | Viewed: | 66 times | | Topic: | Taxes | |
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| In Taxes, SylvainLS writes:
| | In Selling, Tdejacob writes:
| | I am New to selling and am curious why at the end of the month I got a bill for
the seller fee. I already get a partner fee subtracted on every purchase when
I look at the PayPal invoices. Do you get 2 fees taken per order, any info would
be greatly appreciated!
|
The “Partner fee” is the taxes BrickLink is obligated to collect as a marketplace
/ facilitator (Sales tax in the USA, import VAT in UK and EU).
Those taxes were added to your total and are paid by the buyers. They are not
taken from your total and actually never touch your PayPal/Stripe account.
The bill you get each month is the “real” BrickLink fee.
|
The sales tax goes into your paypal long enough for it to get added to the 1099
total that paypal sends you.
|
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| Author: | SylvainLS | | Posted: | May 5, 2023 08:16 | | Subject: | Re: Bricklink seller fee | | Viewed: | 94 times | | Topic: | Taxes | |
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| In Selling, Tdejacob writes:
| | I am New to selling and am curious why at the end of the month I got a bill for
the seller fee. I already get a partner fee subtracted on every purchase when
I look at the PayPal invoices. Do you get 2 fees taken per order, any info would
be greatly appreciated!
|
The “Partner fee” is the taxes BrickLink is obligated to collect as a marketplace
/ facilitator (Sales tax in the USA, import VAT in UK and EU).
Those taxes were added to your total and are paid by the buyers. They are not
taken from your total and actually never touch your PayPal/Stripe account.
The bill you get each month is the “real” BrickLink fee.
|
|
| Author: | Tdejacob | | Posted: | May 5, 2023 07:43 | | Subject: | Bricklink seller fee | | Viewed: | 230 times | | Topic: | Taxes | |
|
| I am New to selling and am curious why at the end of the month I got a bill for
the seller fee. I already get a partner fee subtracted on every purchase when
I look at the PayPal invoices. Do you get 2 fees taken per order, any info would
be greatly appreciated!
|
|
| Author: | Nubs_Select | | Posted: | May 4, 2023 12:31 | | Subject: | Re: California sales tax | | Viewed: | 24 times | | Topic: | Taxes | |
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| In Taxes, jmartindale20 writes:
| | Hello all,
just a quick question, I am a seller in the UK and I have just received an order
from the states with an additional charge of sales tax in California. Do I need
to do anything
|
Nope. Bricklink collects it and remits it on your behalf. You don’t see the money
as it get removed as a “partner fee” on your PayPal or stripe transaction. That’s
why payment for orders with tax has to be made onsite 
|
| Author: | wildchicken13 | | Posted: | May 4, 2023 12:31 | | Subject: | Re: California sales tax | | Viewed: | 27 times | | Topic: | Taxes | |
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| Nope! Just make sure the order is paid onsite. BrickLink will collect and remit
sales tax to the state of California.
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