New Payment Structure

New Payment Structure

A personal Paypal accounts is actually allowed to receives up to $500 USD per month with no fees being used on the incoming money. However, if you receive more than $500 in a thirty day period you will be asked/forced to move up to a business or highly regarded account.
Once you have a home based business or premier balance Paypal takes 3-5% + $0.30 USD per transaction upon any incoming funds.
With Paypal sending funds are always free. The fact is that, wiring money throughout the world is not free. For that reason, for wire coach transfers we have to charge $15 to every author receiving a line transfer payment (Hey at least, its cheaper than Paypal). Paypal's business and premier account rates that already costs $15 for $500 so the wire geneva chamonix transfers should put more money into the writer pouches.
If you are above the $500 symbol at the end of the four week period we will be in touch so you can get your banking information so we can do a wire.
If you would prefer to have your money routed via Paypal we are also happy to send funds to your Paypal account.
Preferably, this will be a good switch that keeps your cash where it goes. in your pocket.
Many writers at Constant Material ask how they go about reporting profits come tax time. Given that Constant Content makes use of PayPal, authors can easily use the "history" feature with their PayPal bank account to identify payments intended to them over the course of 4 seasons. Use this amount to review your freelance income from Constant Content. (Note: Constant Content does not report authors' income to the IRS. This is actually the responsibility of each person author, just like suppliers on eBay have the effect of reporting the cash flow they make from online deals.)
Authors on Steady Content go about organizing their Constant Material freelance income plus IRS payments in another way, and some of the more capable ones can offer help and advice in the forums (if you ever ask them nicely immediately after checking to see if ones question has already been answered elsewhere). However, for anybody who is really concerned about making the right payment level, it's best to take your information to a tax expert who can explain to you your expenses according to your career status, freelance earnings, and relevant tax deductions.
In the end, hiring a professional may cost you fewer than filing by yourself by means of electronic tax programs (these can be expensive, complicated, and can induce breathlessness).
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