Founders, creators! Tax season is coming ❄️ 💀
Join me for a zoom where I'll be sharing what I've learnt about handling taxes globally, MoR, invoicing, sales tax and more.
If you're building something or selling infoproducts, this will help you a lot.
Meeting on Thu 1PM CEST 🫡
lu.ma/90spyhjb
2025 mission: Bringing more knowledge, tools, and inspiration to brave souls ready to build the future. The best is yet to come.
Let's make 2025 legendary! 🚀
Looking at these numbers still amazes me. Never thought we'd achieve so much with limited resources. These truly are incredible times for creators 🧤
Alice (side project with @overment) is blowing up!
✔️ 4000+ users and growing
✔️ Successful AppSumo launch
✔️ Building AI agent marketplace
→ Community expansion incoming
Alice (side project with @overment) is blowing up!
✔️ 4000+ users and growing
✔️ Successful AppSumo launch
✔️ Building AI agent marketplace
→ Community expansion incoming
Launched AI Designer course with Design Practice
✔️ 500+ creative minds empowered
✔️ Helping designers thrive with AI
→ Going international in 2025!
https://eduweb.pl keeps delivering quality tech education at its own pace.
Love our community of curious minds.
✔️ Crossed 250 000 users lifetime
→ Big news: Merging with our automation cohort soon. Stay tuned...
✔️ Huge milestone for https://zencal.io @octocode is now full-time!
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Now, the highlights! @easytoolshq 2.0 crushed it:
✔️ Passed 100M GMV
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✔️ Team knocked it out of the park
→ Global launch incoming in 2025!
Just got charged 100% for 2025! 🔋 Time for a quick recap of an incredible year and what's ahead...
Had to take a mental break from all the noise. Learned that prioritizing health (especially mental) isn't just self-care—it's the foundation of peak performance.
I registered myself and used to report myself as it’s just easy. But you can get it for $100 for registration, same for reporting. Now I tought my accountant to do it and Easytools has features to automatically disable weird countries close to thresholds. Conversions are much better than with MoR
Easytools Creators Annual GMV:
2024 PLN 71.4M
2023 PLN 34.5M
2022 PLN 20.2M
2021 PLN 7.3M
Let's go! 🇵🇱 🇪🇺✌️
Technically yes, but from my perspective it moves most troublesome obligations to the buyer and leaves the standard compliance on the seller that is easy.
I register to EU + UK (easy reporting and registration). I just disable other countries with immediate obligation on Easytools automatically.
You know Booking and Airbnb’s “rarely available” or “5 people viewing” alerts?
Well, we knew it worked for conversions... But not that it works THIS well.
We just launched a small tool on Easytools - a ticker that displays recent customer activity.
My Black Friday A/B tests? Conversion rates +35%
Funny how I used to think successful founders had all the answers. Plot twist: they just had the confidence.
The best founders don’t have a secret playbook - they’re just brave enough to build in public while figuring it out.
1. There's no need to register if you're selling b2b because of the reverse charge mechanism, so MoR is not helping you there
2. For b2c there's an obligation to register ABOVE thresholds and yes, MoR is helping, but they also charge you all taxes before thresholds, too
My top apps from Raycast Wrapped, what are yours?
If your company is b2b only - correct. But then, how is MoR helpful to you while you wouldn't charge VAT either way? :)
In case of b2c, VAT is important and not transparent, as it is an additional cost for clients. With MoR they pay it, but your customers often pay more tax so not great.
I don't get what you say here :( It doesn't work like this.
Sure, if clients are happy to pay up to 25% more and you don't care and don't think that affect conversion rates 😉
For b2b it's usually reverse charge so there's no VAT on the invoice. So it's mainly b2c we're talking about here.
From b2c you won't be able to deduct, as MoR invoice you with 0% as this is b2b. Can they deduct? Maybe in some cases, yes, so another reason MoR is not great.
Yeah but most creators / makers / builders I know don't have to pay tax everywhere and benefits are obvious. I remit taxes in EU and UK and it's easy. I also exclude countries with immediate tax obligations and keep things simple, earning a lot more for myself, building value of my business
But tax inclusive pricing affects your income.
LS wraps over Stripe but show me your Stripe dashboard with credit cards connected to customer accounts? There's a lock-in and you're not leaving with your data.
Taxes part.. can you explain? I'm an advocate for paying taxes, but not all available:)
There's no way to change MoR, as your subscriptions are handled with credit cards, that they won't transfer. So this is a high churn and troubling process.
And this "fiscal" argument was the exact one many folks get from potential buyers when try to exit. For me it made exit impossible.
But handing off support in crucial sales process can be a mistake. This is exactly where you build trust for your business! This is a very fragile part and guess what - Gumroad and Paddle will handle this support with experimental chatbots! With Paddle my churn was to the roof!
MoR pays VAT / sales tax on your sales, but here's the catch. In most countries and states, there's a tax-free amount (threshold). E.g. before you reach $500k in annual sales in California, you pay 0 sales tax. But with MoR you pay this tax from day 1 as they've already surpassed all thresholds.
But is it really?
- customers are not yours thus you’re not building value
- you pay all available taxes that you wouldn’t have to pay otherwise
- lower acceptance rates
- lower conversions
- delayed payouts (paddle once kept my money for 3 months)
- higher fees
…
MoR might not be dead but this application is. I don’t understand why people prefer to pay even 30% of what they earn just by being paralyzed by taxes.
It’s really not that hard as MoRs make it appear to take ownership and build scalable and independent business.
