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Taxes

Increased ad issues are coming!

With the consistent growth PaidVerts is experiencing the past few months, we are happy to inform you that this will allow us to increase daily ad issues by $100 daily starting with 10th April! We will be able to keep this increased pace at least for a month, but if we keep this growth consistent we hope to be able to keep ad issues higher indefinitely, and even increase them in the very near future!

Note that YOU putting a good word for PaidVerts around the internet and referring it to your friends can go a long way to making PaidVerts even better - which means more earnings for you and everyone else! So help us become even better, by referring, you can find your link here: https://www.paidverts.com/member/my_referrals.html


Thank you for your help and commitment, let's make PaidVerts even more awesome ;)

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poorkie
Traffic Value: $189,554.19536 United States
0 like this post 0 people
20/08/2014 11:14
Jo, as you know, in the US, we have to file taxes based on the profit we make at MyTrafficValue and Paidverts. Since we don't receive a 1099 from MTV, what is the best (quickest) way to figure out how much profit you've made on both sites?
rtrplay
Traffic Value: $65,453.30658 Sweden
1 like this post 0 people
20/08/2014 11:18
@Poorkie

if you deposited say 1000 dollars you should not have to tax before you have taken out atleast 1000 dollars, then you have only profit to tax and much easier to calculate the %

i see no reason why we should tax before we get our total deposit back and when you know how much you have taken out and how much you deposited you only need to create a excel calculation included all fees that will be extracted from the profit

the other way is near impossible...
Jo
Traffic Value: $8,649,585.93592 Spain
2 like this post 0 people
20/08/2014 12:06
No idea! I would just keep it simple... Withdrawals - Deposits for the financial year... And declare it if the value is over 500/1000.

This sort of thing we'll look into next yera... We're just trying to grow this year. Next year figure out compliance issues.

But that won't be fun at all... we'll have to get ID from everyone. And all sorts. Definitely need more staffing before we think about that!
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