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Stripe Tax

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Re: Stripe Tax

#261

Post by mywittyname »

xxpor wrote: post #257
tzs wrote: post #253

Earlier quoted context omitted.

The US could really use some national action on sales taxes. I'd like to see Congress make it so a state can only require remote sellers with no physical presence in the state to collect tax for the state if: 1. Tax rates on remote sales are uniform within a zip code. No more having to deal with "123 Fake Street, Hooterville, 65026" having a different tax rate than "124 Fake Street, Hooterville, 65026". (Worse, I rec…

Does Congress have that power? I suppose you could argue they're interstate commerce regulations, but idk if that'd fly. Edit: Obvious SD v Wayfair is relevant here, https://www.supremecourt.gov/opinions/17pdf/17-494_j4el.pdf It's too complex to even take a stab at guessing what they'd say based on that though. Also, I'd forgotten what a wild lineup the votes were. GINSBURG, ALITO, and GORSUCH, JJ., joined. THOMAS, J…

Probably not to enforce standards, but they certainly have the power to create standards and incentivize their use. Much in the same way they can't control speed limits on national highways or the drinking age in various states, yet these laws are largely uniform across the country.

Re: Stripe Tax

#262

Post by treve »

nickpp wrote: post #159
tylerrobinson wrote: post #152

Earlier quoted context omitted.

The developer experience and ease and speed of integration are second to none. They managed to take a commodity service performed by many incumbents and make it so effortless that it blows away the competition.

Yes, I heard that (couldn't test it myself). The integration for Avangate for example was a proof-of-concept PHP file and a couple of docs explaining the CGI parameters. Not great but not that horrible either. But were those so incredible that it made up for the missing features? I mean if it was me I wouldn't implement the sales tax myself in a million years, no matter how nice the experience and integration was...

It's pretty weird hearing anyone talk about CGI parameters these days, so perhaps that should also tell you something?

Re: Stripe Tax

#263

Post by vfc1 »

So they will charge 0.5% of my business to do my taxes? That makes sense until 350k per year more or less, but after that Quaderno has a 45 to 99 usd per month fixed price to do that.

It sounded outrageous the first time I saw it, but it actually makes a lot of sense for most small businesses.

I'm glad they rolled out this feature, too bad that they never announce what they are working on and it's a big bang overnight.

I was looking into integrating my app with a tax provider, I wouldn't even have started if I knew this was in the pipeline.

But now that it's here, it sounds great and just another reason for choosing Stripe. I haven't integrated with Paypal and I don't think I'm going to.

Re: Stripe Tax

#264

Post by tegansnyder »

Random aside on marketplace tax and using Stripe Connect. It would be especially useful if Stripe had a field that allowed marketplace facilitators to ensure they are collecting the tax. Using connected accounts with destination charges allows platform account to receive the tax by placing it in the application fee field, but if you happen to also collect a commission that means you are combining your tax + commission and storing that value in the application fee field. Since marketplace facilitators are responsible for tax collection in the US having an extra field to put this tax in would be great.

Re: Stripe Tax

#265

Post by tegansnyder »

tegansnyder wrote: post #264

Random aside on marketplace tax and using Stripe Connect. It would be especially useful if Stripe had a field that allowed marketplace facilitators to ensure they are collecting the tax. Using connected accounts with destination charges allows platform account to receive the tax by placing it in the application fee field, but if you happen to also collect a commission that means you are combining your tax + commissio…

Piggybacking off this... Has anyone built a really good tax exemption system. I know Amazon has a pretty decent system for their B2B that allows you to upload a tax exemption certificate for your state (US). Then they have some sort of auto validation process. I assume it calls out to each state's secretary of state system to determine the validity. I would be interested to know if anyone has seen a SASS service like this that other B2B providers can leverage for fully automatic tax exemption validation.

Re: Stripe Tax

#266

Post by justsomeuser »

cashewchoo wrote: post #123
justsomeuser wrote: post #48

Earlier quoted context omitted.

Apparently Buffet calls this a “toll booth” business. Once the road is built (customer integrates Stripe into their state machine), you can just keep collecting their toll for driving on the Stripe highway.

The thing is, if you didn't integrate Stripe, you'd either be: 1. integrating someone else who does roughly the same thing as Stripe 2. integrating with and maintaining 100's of individual payment methods and countries, and dealing with tons of entities and managing relationships with them. You might be able to cheat if you just do visa cards and only in the US, or something. But that is dramatically less than what y…

I agree, Stripe is good, and probably is worth it - you will be paying someone do handle card processing after all.

But if they wanted to, they could hike prices tomorrow - same with any other alternatives.

Re: Stripe Tax

#267

Post by jccooper »

sireat wrote: post #126

So how does one pay tax with this? Let's say you and your server are in Singapore. You are selling a digital product - PDF book on dynamically typed Rust... You have customers from all 50 US states and all European countries. You have 100k USD sales total. At the end of the year are you obliged to send the correct amount of tax to EACH US state and each EU country?

Yes, to the extent they require it (and you want to stay compliant.) There are companies that can handle the remittance for you; Stripe lists several on their page. Reporting requirements would probably be quarterly or monthly.

In practice, almost all US states that have sales tax have a in-state sales threshold amount, usually $100k+ and/or 200 transactions, and at the level of business as per your example, you wouldn't hit it. (Kansas has no threshold, but this is probably illegal per the terrible court decision that allowed this sales-based nexus mess.)

https://www.streamlinedsalestax.org/for-businesses/remote-se...

EU, I dunno. Beyond my ken.

Re: Stripe Tax

#269

Post by Existenceblinks »

jitbit wrote: post #90

So. After 10 years in business and THOUSANDS of customer requests (I even made one myself, in-person when I met Patrick Colison at a conference) Stripe has introduced... a calculator. And you still have to do everything yourself - filing the papers and wiring money. Thanks, but no thanks. I'll stick with my current payment provider that handles _everything_. I do admire Stripe and wish I could move some day :(

All Indie developers or 1-3 person team need is a Merchant of Record, or simply a SaaS app store without index page like Apple Store. I don't even want to have a /billings page. Please also provide full feature customer portal (refund / cancel / pause / coupon / etc.)

And I want that store to have only literally "one" page for API documentation. All I want to check on my app is `authorized?(user.subscription)`

Re: Stripe Tax

#270

Post by ilikehurdles »

tzs wrote: post #144

Note that if you are just interested in US sales taxes, and only need to collect tax in the ~1/2 of the states that are part of the Streamlines Sales Tax (SST) project, you can have your tax rate calculation, registration, reporting, and filing all done for free . The member states of SST have agreed to pay for those services from several tax SaaS companies. (There is one catch: to avail yourself of this, you must co…

Disappointing that I live in the only non-participating state. Wonder what motivated Colorado to reject this.
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