DepositPhotos is becoming a stronger stock photography company every day as it meets the challenge to become a top player. The company has officially launched their new tax center, which brings them in-line with the U.S. government requirements and also matching what several of the stock sites are now required to do. If you have not already done so, send in your W-2 info digitally on their website (outside US see other options). Along with the tax center Deposit Photo's will be launching their new Editorial images. You can start uploading your editorial collection today for acceptance. Editorial images is a fast growing department among the stock sites as news goes digital around the world. If you are new to Deposit Photos then sign up here. I highly recommend adding this company to your portfolio of sites.
Fort Lauderdale, Florida, 7 Dec. 2011 – Depositphotos, the fastest-growing stock photo agency in the world, announces that it is now accepting images for “editorial use only”.
Depositphotos has expanded its license policy to accept non-model released and non-property-released images for editorial use as a descriptive visual reference to current events, newsworthy stories, social events, places and/or products. This new image category gives more flexibility to publishing houses, authors, newsrooms editors, journalists and bloggers to illustrate their stories by providing them with hi-quality images and news sensitive photos. The ‘editorial use only’ images will not be available for any commercial or promotional purposes.
“Depositphotos has started accepting editorial images due to strong demand for such content from our existing customer base. With this new submission option Depositphotos contributors will be free to cover important newsworthy events and product developments without being concerned with getting model and property releases,” says Igor Kaliuzhnyi, Head of Depositphotos’ departments in Eastern and Western Europe. “With the launch of our Editorial collection our clients will be more flexible in finding images to accompany their stories at fair prices.”
Among with these exciting new developments at Depositphotos is the new Tax Center. This now brings Depositphotos into compliance with the existing U.S. Federal tax law.
Income reporting will be calculated for all sales made by customers in the U.S., and tax deductions may be applied dependent on the existing US tax treaties for non-US residents. Contributors that are U.S. residents will now be required to fill out Form W-9, whereas contributors from other countries will be required to fill out the appropriate W-8 BEN form.
“A stock agency operating within a firm legal framework is a guarantor of security for you and your money,” says Dmitry Sergiev, Depositphotos founder and CEO. “We believe that the rapid growth of our sales will more than compensate our non-U.S. contributors for these recently introduced tax deductions.”
About Depositphotos Inc.
Depositphotos is the fastest-growing stock photo agency in the world. Presently, it offers over 5 million stock photographs and vector images sold under royalty-free licenses. The stock photo library is increased daily by thousands of images, carefully checked and selected by moderators. The company is headquartered in Florida, USA, and has business offices in Germany, Great Britain and Russia.