New Etsy Under Friend, who pays the taxes?

[heavyrain]

My account got banned, no explanation to why. I am also in Canada.

My partner is fine with me opening an account in their name and bank (going to create a new one just for this)

My question is, im assuming they have to pay the taxes and I cant pay them under my name?

Has anyone ever used their own bank account but with the person who opened the Etsy added to the bank as an authorized deposit name so it can be depoisted in a different name?

[rsot]

Welcome to the forum OP - all the best as you master stealth

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taxes should be discussed with financial professional

[SaiJin]

Originally Posted by heavyrain

My account got banned, no explanation to why. I am also in Canada.

My partner is fine with me opening an account in their name and bank (going to create a new one just for this)

My question is, im assuming they have to pay the taxes and I cant pay them under my name?

Has anyone ever used their own bank account but with the person who opened the Etsy added to the bank as an authorized deposit name so it can be depoisted in a different name?

Using your own bank account should be fine.

But I'd treat etsy like Amazon Ghost and make the account as such...

If you never did stealth before you're gonna burn her account very quickly

[supplies]

In Canada i think etsy takes the taxes and forwards them to government their self. Im not sure exactly how they manage it though.

[agent006140]

Originally Posted by supplies

In Canada i think etsy takes the taxes and forwards them to government their self. Im not sure exactly how they manage it though.

I think she is referring to income tax not sales tax.

[agent006140]

Originally Posted by heavyrain

My account got banned, no explanation to why. I am also in Canada.

My partner is fine with me opening an account in their name and bank (going to create a new one just for this)

My question is, im assuming they have to pay the taxes and I cant pay them under my name?

Has anyone ever used their own bank account but with the person who opened the Etsy added to the bank as an authorized deposit name so it can be depoisted in a different name?

-Your friend will have to report YOUR eTSY sales in his income tax return,
-you should be able to add his name to your bank account so your bank would not reject any Etsy deposits coming into your bank account,some bank does not care,so you should find out.
Once his name is in your joint bank account,he can withdraw fund from the account,if he is in trouble with tax authoirty or creditor,and they know this account,they could seize the fund in the account,you should talk to someone first
BTW,I know in USA,Etsy wants you to link a bank account which has the same name as the the name used to open the Etsy account.,so if the etsy account is in his name,so should the bank account

[rsot]

more details are needed from OP if understanding of the ban is to happen

[JamesNorth101]

Originally Posted by heavyrain

My account got banned, no explanation to why. I am also in Canada.

My partner is fine with me opening an account in their name and bank (going to create a new one just for this)

My question is, im assuming they have to pay the taxes and I cant pay them under my name?

Has anyone ever used their own bank account but with the person who opened the Etsy added to the bank as an authorized deposit name so it can be depoisted in a different name?

Need to talk to an accountant RE taxes just to make sure you have upto date and correct information

[heavyrain]

Originally Posted by agent006140

-Your friend will have to report YOUR eTSY sales in his income tax return,
-you should be able to add his name to your bank account so your bank would not reject any Etsy deposits coming into your bank account,some bank does not care,so you should find out.
Once his name is in your joint bank account,he can withdraw fund from the account,if he is in trouble with tax authoirty or creditor,and they know this account,they could seize the fund in the account,you should talk to someone first
BTW,I know in USA,Etsy wants you to link a bank account which has the same name as the the name used to open the Etsy account.,so if the etsy account is in his name,so should the bank account

I was thinking on doing that, making a new bank joint with their name but was scared to ban their name on Etsy.

Was hoping to find another way around this, as having someone else pay taxes on the sales is messy.

Doesnt seem to be another way around the ban tho

[heavyrain]

Originally Posted by JamesNorth101

Need to talk to an accountant RE taxes just to make sure you have upto date and correct information

ya, my plan is to meet with an accountant if I do go ahead as a partnership/other name