Supporting resources for taxes and tax declarations

MentorCruise, in combination with Stripe, offers you a wide variety of tax forms, integrations, and supporting materials that should help you with your tax reporting.

For additional and local tax guides, you can also consult the Stripe help articles on this topic.

1099-K Forms Issued by Stripe

Stripe issues 1099-K forms for accounts in the U.S. with north of $20,000 USD in total gross volume and 200 transactions in the tax year. As a platform, we'll direct Stripe to issue these in January.

If you do not meet the criteria, you'll have to fill out your blank form with the information Stripe gives you (more about this below).

Stripe Financial Reports

Stripe's balance and payout reconciliation can help you get together all the information you need to get an overview of your earnings in the past year.

https://dashboard.stripe.com/reports/balance

Platform Fee Invoices

You can generate tax reports for platform fees paid to MentorCruise under your payout management screen. This is relevant for jurisdictions where you'd like to deduct platform fees paid to MentorCruise as an expense.

https://mentorcruise.com/mentor/management/payouts/

VAT Collection and Remittance

Our platform is fully integrated with the Stripe Tax product, allowing you to collect and track VAT around the world. Whether you are VAT registered, and whether you'd like to push for full compliance is up to you. If you are making substantial revenue through MentorCruise, you may want to consult with a local accountant on options for registration and remittance.

Note that all VAT on the website is inclusive in the price, due to the differing jurisdictions and registration statuses. If you select to collect VAT, you should price this into your mentoring plans.