UPDATES: January 21, 2020: Weekly Updates

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UPDATES: January 21, 2020: Weekly Updates

Blythe Klipple

Additional Information about Coordination Product Release Products

Because this promotion is all about coordination, we wanted to provide you with a list of colors that will coordinate with our exclusive Pleased as Punch Designer Series Paper (item 153558). We will also include this list of coordinating colors in the online store product description when the promotion launches for customers.

  • Balmy Blue
  • Basic Gray
  • Blushing Bride
  • Calypso Coral
  • Coastal Cabana
  • Crushed Curry
  • Daffodil Delight
  • Granny Apple Green
  • Highland Heather
  • Night of Navy
  • Old Olive
  • Petal Pink
  • Pool Party
  • Whisper White

We also wanted to let you know that two products from this promotion will be carrying over to the 2020–2021 Annual Catalog. Here are those items:

  • Nature’s Thoughts Dies (item 153586)
  • Special Day Dies (item 153587)

BackStage Newsletter 1

We’ve added the first BackStage newsletter to the Toolkit section of the BackStage page here. Read it to get ready for BackStage in New Orleans, or in other words: Mardi Gras–Stampin’ Up! style! Remember, the newsletter is geared toward silver elite and above demonstrators. If you’re working to advance to silver elite by May 31, in order to qualify for BackStage, make sure to download and print our BackStage tracker!

Puerto Rico Earthquakes

Our thoughts and prayers go out to all those affected by the recent series of strong earthquakes in Puerto Rico. We are distressed by the impact this is having on our demonstrators and their friends and families. 

We are here for you! If you, or someone you know, have been impacted and suffered a loss of business supplies due to the earthquakes, please reach out to Demonstrator Support. We are here to help you get your business up and running again when you are ready.

New Sale-A-Bration Page for My Ready Reference

Because Sale-A-Bration is one of our biggest promotions of the year, we thought it may be a good idea to include it with all the other valuable resources in My Ready Reference! You can find this new page by going to the Marketing Toolkit section on the Sale-A-Bration page. From there, all you have to do is download, print, and add this new page to your My Ready Reference booklet!

Paper Pumpkin Email Newsletter Reminder

Tomorrow Paper Pumpkin will send out our monthly email newsletter to subscribers. This newsletter contains great information about the latest kit and includes an instructional video, a link to alternate projects, coordinating products, and upcoming kit sneaks. Check it out here (US | CA), then be sure to remind your subscribers to check their email tomorrow for the latest Paper Pumpkin news!

Eastern Caribbean Incentive Trip Travel Allowances

To help you plan your flex points for the Stampin’ Up! year, we wanted to let you know that we will offer travel allowances for the Eastern Caribbean Incentive Trip. These allowances will be available in the Flex Account in mid-September. 

TRAVEL ALLOWANCE AMOUNTFLEX POINT VALUETRAVEL ALLOWANCE LIMIT PER DEMONSTRATOR

100 CSV

25,000

4

250 CSV

55,000

4

Remember, in order to redeem for a travel allowance, you must first redeem for the incentive trip to which it is tied. When you redeem a travel allowance, a cash deposit will be made into your account on file. Because the travel allowance is deposited as cash, you can use the money in any way you want. The travel allowance isn’t meant to completely cover all extra expenses for the trip; it’s meant to help reduce the out-of-pocket costs of travel-related expenses such as baggage fees, excursions, extended stays, additional guests, etc. You can read more about travel allowances here.

US Form 1099/Canada Form T4A Information

You may have seen an email from Stampin’ Up! including the information below. Please be aware that this information is for reference only and should have posted as a weekly update but was mistakenly sent as an email. 

US Form 1099 Information

Note: US Form 1099 is required by the IRS to be mailed no later than January 31. Please read the box 7 and 9 information to understand if you will be sent a 1099 for the year.

January 8, 2020

Stampin’ Up! does not provide tax advice and recommends that demonstrators contact a knowledgeable advisor with any questions they may have in this regard. However, the company is providing the following information as a help to understand what is being reported on Form 1099.

Form 1099 is required to be issued to each demonstrator whose business is run as a sole proprietorship (taxed as an individual) or organized as a partnership or limited liability company that has not elected to be treated as a corporation for income tax purposes. Form 1099 is not issued to demonstrator businesses that are organized as corporations or limited liability companies that have elected to be treated as corporations for income tax purposes.

More information about income taxes and demonstrator businesses can be found in the Income Tax section of the Demonstrator Handbook.

Form 1099 Box 7 – Nonemployee Compensation

The amount shown in Box 7 reports the combination of cash paid and non-cash values awarded to demonstrators during the 2019 calendar year, but only if the combined total of these is $600.00 or more. Amounts earned during 2018, but paid or awarded in 2019, are included. Amounts earned during 2019, but paid or awarded in 2020 or a later year, are not included. The total includes amounts for team commissions, various types of bonuses, event-related compensation, Flex Points redemptions, and incentive travel awards. Amounts of Instant Income and volume rebates are not included in Box 7, as these are considered purchase-price discounts, which reduce the cost of acquired products, rather than income. The values used for Flex Points redemptions and incentive travel awards match the amounts shown on the demonstrator Miscellaneous Income report.

Form 1099 Box 9 – Payer Made Direct Sales of Consumer Products to a Buyer

The small box inside Box 9 is checked for demonstrator businesses that paid for customer and workshop orders during 2019, totaling $5,000.00 or more, net of Instant Income discounts and volume rebates. A Form 1099 is required to be issued if this box needs to be checked. This is the case even if no nonemployee compensation is reported in Box 7 because it is less than $600.00.

Canada Form T4A Information

Note: Canada Form T4 is required to be mailed no later than March 2, 2020.

January 8, 2020

Stampin’ Up! does not provide tax advice and recommends that demonstrators contact a knowledgeable advisor with any questions they may have in this regard. However, the company is providing the following information as a help to understand what is being reported on Form T4A.

Form T4A is required to be issued to each demonstrator whose business is run as a sole proprietorship (taxed as an individual) or organized as a partnership or corporation. The form is only prepared when the combined total of all amounts reported is $500.00 or more.

More information about income taxes and demonstrator businesses can be found in the Income Tax section of the Demonstrator Handbook.

Form T4A Box 020 – Self-employed Commissions

The amount shown in Box 020 reports a combination of cash paid and some non-cash values given to demonstrators during the 2019 calendar year. Amounts earned during 2018, but paid or given in 2019, are included. Amounts earned during 2019, but paid or given in 2020 or a later year, are not included. The total includes amounts for team commissions, various types of bonuses, event-related compensation, and travel vouchers. Amounts of Instant Income and volume rebates are not included in Box 020 as these are considered purchase-price discounts, which reduce the cost of acquired products, rather than income.

Form T4A Box 154 – Cash Awards or Prizes

The amount shown in Box 154 reports a combination of cash and non-cash awards or prizes given to demonstrators during the 2019 calendar year. Amounts earned during 2018, but paid or given in 2019, are included. Amounts earned during 2019, but paid or given in 2020 or a later year, are not included. The total includes the value of incentive travel and Flex Points redemptions. The values for these items match the amounts shown on the demonstrator Miscellaneous Income report.

This Week’s Succeed Weekly

If you missed it in your inbox, take a look at this week’s Succeed Weekly email here!

Previously Announced

To review last week’s updates, click here.


Blythe Klipple
Updates Coordinator
blythek@mac.com



Blythe Klipple, UPDATES/FAQ COORDINATOR