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Eric Savina
@ericsavina
And your accountant is most certainly right but it is impossible to confirm without more information.
At best, if you are using Stripe Tax, Stripe will add taxes where YOU tell them to add taxes. So, if you haven't told Stripe to compute VAT on EU transactions, Stripe Tax will just show 0%.
When it comes to Sales Tax, Stripe can help you track the economic nexus per state, so you will know when you need to start adding sales tax to your invoices.
Anyway, if you are selling globally, Stripe is absolutely not the right tool, unless you have an army of tax accountants working for you. A Merchant of Record (MoR) costs more, but it saves you a ton of headaches in the long run!
@EddyVinck A very similar question was recently posted on Reddit and I am going to copy/paste my comment below. But please feel free to ask any questions. I am a CFO for an IT company and I worked with Stripe.
My comment:
Stripe can not handle tax. Stripe can barely compute tax. From their website:
Stripe Tax lets you calculate, collect, and report tax on global payments with a single integration. Know where to register, automatically collect the right amount of tax, and access the reports you need to file returns.
Believe me, I have been working as a CFO for several companies and a system that tells you where to register and give you the raw data to file YOURSELF your reports, is not what I call a system that handles my taxes!
If you want to seriously work globally, go with a MoR and forget about Stripe. Now Lemon Squeezy or Paddle, that's the big question. It seems that Lemon Squeezy is way more expensive for companies outside the US and working globally.
And your accountant is most certainly right but it is impossible to confirm without more information.
At best, if you are using Stripe Tax, Stripe will add taxes where YOU tell them to add taxes. So, if you haven't told Stripe to compute VAT on EU transactions, Stripe Tax will just show 0%.
When it comes to Sales Tax, Stripe can help you track the economic nexus per state, so you will know when you need to start adding sales tax to your invoices.
Anyway, if you are selling globally, Stripe is absolutely not the right tool, unless you have an army of tax accountants working for you. A Merchant of Record (MoR) costs more, but it saves you a ton of headaches in the long run!
I believe you've already sent too many emails. In my opinion, it would have been better to limit it to just one or two. As a result, your open rates are likely to be significantly lower than they could have been. If you need to continue sending emails, I suggest sending one today and another 24 hours before the promotion ends.
I'm not using this feature myself but harpa.ai can autolabel your emails. Harpa is worth a try anyway, as it is definitely a great tool.
But why not just using Google's very own generative AI features:
workspace.google.com/blog/pro…
I haven't tried them myself yet, but Google aims to integrate AI into its suite of tools, creating a more interconnected experience where AI links all the apps in your workspace.
Hello, Dany!
I made a recording for you. It's a 8-minute recording so I hope it won't be too long.
Wow that's a roast!
That's exactly what I needed, thank you so much for taking that much of your time, this is a goldmine 😮
I'm currently finishing documentation for the boilerplate itself but I'm impatient to start modify my landing page.
Can I share this video here and on Twitter, this is perfect for #buildinpublic ?
If you are serious about SEO, there's a lot to learn. I recommend visiting this website, where you'll find a wealth of free learning material: learningseo.io/
@EddyVinck, you don't charge a flat 21% to all EU consumer customers. You apply the VAT rate based on their country (20% in France for instance). If they are businesses, they provide their VAT ID, so you don’t add VAT to their bill.
Both are true but given my circumstances charging 21% is easier here