http://needgap.com Find your customers by the problem you are solving for them. Thu, 20 Jul 2023 00:01:00 +0000 <div>I'm working on a side project that's not yet fully-baked. As such, I don't want to collect real money just yet because I don't want to increase my personal tax burden. In addition, having to pay more taxes is just annoying at an early stage of building a product.</div><div><br></div><div>In short, I prefer not to have to add to my tax return when I'm still prototyping my SaaS idea.<br></div><div><br></div><div>Currently, there are a good number of places to accept donations, such as: ko-fi, Patreon, Buy Me A Coffee, liberapay, Github sponsors However, all of these websites pay the project owner money, either through Stripe, Paypal, Payoneer, or a combination of.</div><div><br></div><div>My task here is for a platform for me to ask for donations or payments that pay me not in dollar amounts but in <b>virtual gift cards</b>, so that I can:</div><div> <ul> <li>Validate my idea</li> <li>Use the payments to pay for operational costs: if I can collect payments in the form of virtual gift cards, I can use them to pay for web server costs.</li> <li>Avoid having to deal with taxes that come with collecting real money, at least until my product has been fully built out and has real users.</li> </ul></div> 5 points posted by skyisblue /problems/335-avoid-unnecessary-taxes-for-donation-payment-tax 335 Mon, 22 Nov 2021 21:49:00 +0000