Effective January 1, 2023
Beginning January 1, 2023, PhotoDay will collect and remit sales tax for all goods sold. Additionally, studios will be provided a 1099-K through Stripe that reflects their studio sales during the previous calendar year. This change will drastically simplify tax time for you!
PhotoDay acts as a marketplace for studios to sell their images and products, for which PhotoDay calculates applicable tax.
PhotoDay will calculate, collect, and remit taxes on sales made by studios in conjunction with enacted Marketplace Facilitator, Marketplace Fairness, or similar laws. These laws shift remittance responsibility from the studio to PhotoDay. You will receive a 1099-K from Stripe at the end of the year.
For more information on each state’s individual Marketplace Facilitator laws, please visit the Marketplace Tax Collection article.