Our partner taxation and payout process are about to get a lot smoother.
Our newly streamlined process is designed to make things easier for our NA partners. In the Partner Area, you’ll find a “Payment Info” tab, where you’ll be guided through the updated process step by step. This improvement aims to simplify the way you manage your payment and tax details, ensuring a smoother experience without unnecessary complexity.
Disclaimer Regarding Tax Information: Spreadshop aims to make payments and legal tax compliance as easy as possible for our partners. The following is for informational purposes only. Spreadshop is unable to give tax or legal advice. If you have questions or concerns about tax filings, please contact a tax professional.
What benefits does this new taxation and payout process offer me?
The updated taxation and payout process offers several key benefits for you, focusing on both security and convenience:
- Enhanced security for personal data: The new process ensures the highest security standards to protect your personal and financial information.
- Simplified submission of tax documents: Submitting tax documents is now more streamlined, reducing time and effort.
- Digital access to tax forms: You’ll have easy access to digital versions of essential tax forms, like the 1099 and 1042-S, making it simpler to manage and track your tax records.
These improvements are designed to make your experience as a partner easier, more secure, and more efficient.
What has changed for me in the Partner Area?
The existing payment and tax fields in the Partner Area will be replaced with a single, unified field. This integration will streamline the process, offering a smoother and more user-friendly experience.
What do I need to do next?
To meet the new system requirements, all partners are required to resubmit their bank or PayPal details and tax documents. The tax document you must submit depends on your tax status:
- W-9 Forms: For U.S. citizens
- W-8BEN: For non-U.S. citizens
- W-8BEN-E: For non-U.S. corporations
When do I need to submit all required data?
B: All partners must submit their updated bank or PayPal details and tax documents at the latest by the deadline for the upcoming December payout. Please ensure that all necessary data is submitted by December 31 to ensure a smooth process.
What will happen if I don’t submit my data?
If you don’t submit your required information, your payments won’t be processed. It’s important to provide your details promptly to avoid any delays in receiving your payouts.
Save the Date: Be sure to submit your data by December 31! Ready to get started?
We’re excited about these improvements and are here to support you every step of the way. Don’t hesitate to reach out to partner@spreadshirt.com if you have any questions as you navigate this new process.
