Accounting Talk » Accounting Cost » cost basis of assets
Intermediate Accounting problem from text book Is Imputed interest on funds used during construction of a new building (stock financing) charged to the asset building?
Intermediate Accounting problem from text book Is Imputed interest on funds used during construction of a new building (stock financing) charged to the asset building?
Construction interest is capitalized into the cost of the building. — Paul A. Thomas, CPA Athens, Georgia taxman at negia.net
Accounting Talk » Finance Accounting » Killfile Uncle Davey and Shawn Pickrell. They're trolling you.
– Hide quoted text — Show quoted text – If you haven’t done so yet, killfile or ignore Uncle Davey and Shawn Pickrell. They are soc.singles morons here to troll and disrupt your newsgroup. See the thread "Humiliating situation" in soc.singles. The last dozen or so posts in the thread are about who to troll and how they decided. soc.singles is 100% owned by alt.fan.oj-simpson. ss is like our retarded little brother that escapes and causes trouble before we can beat him back into submission again. They sound really scarey! Whatever shall we do?? Hide cuddlers!!! Yeah, right… Snig x you want i should have some friends pay them a "visit"?
Nah – we can hug them to death right here 
*ninjahugs* lady. yes i am still alive, but bearly.;-) bill "cuddleninja" thater KiTA
Email me then, daft bugger – it’s been way too long! Please? Snig x
If you haven’t done so yet, killfile or ignore Uncle Davey and Shawn Pickrell.
Thanks for ignoring me, anonymous OJ simpson group member. (BTW. 100% not guilty.) They are soc.singles morons here to troll and disrupt your newsgroup. See the thread "Humiliating situation" in soc.singles. The last dozen or so posts in the thread are about who to troll and how they decided.
We are always public about our trolling tactics, like Brechtian theatre or modern day presentational skills gurus we believe in "telling ‘em what you’re gonna tell ‘em, then tell ‘em, then tell ‘em what you’ve told ‘em." Just substitute the ‘e’ in tell with ‘ro’, and you’ve got it. soc.singles is 100% owned by alt.fan.oj-simpson. ss is like our retarded little brother that escapes and causes trouble before we can beat him back into submission again.
They believe they own their brothers. Heh heh heh. Thanks Anonymous, this is very interesting.
It certainly is. That was a polite way of putting it. – Hide quoted text — Show quoted text – alt.accounting? (This looks to me the most trollripe of them all, actually. There are no troll threads there now, but the group is not moderated, and someone got offended and started talking about "I would hate to block la de da" when someone just said "bullshit"). Just a few of my favorites. See what you think. I think alt.accounting might be a good idea for a joint attack. It needs study first maybe. Thinking objectively, what parameters should a group have to make it the ideal group for one of our attacks? A little bit of Practical Trollology is called for: 1. Size. It should be big enough to make it possible to get a response but no so big that we are unable to impact on the volumes too much. Alt.support.childfree is too big, it has a cruising poste volume of about double that of soc.singles. A group like alt.esperanto beginner is small and is quite the right size to be dominated by a single troll, it doesn’t need a concerted effort; we would just end up talking amongst ourselves without an audience. 50 postes or less per day is far too small, 500 per day (I mean without our involvement) is too big. 100-200 is about right. Alt accounting is on the small side .. Hey you’re there already! Decision made, then. I’ll join you in a minute. Uncle Davey Shawn Pickrell Other regulars please note – I removed a number of x-post addresses before posting this.
As I mentioned in the quoted text, this is actually too small a group to give us a good run for our money, but we can prrobably get it up to the right volumes with a bit of friendly collaboration, which, I am glad to say, AFOJS seems to be providing. It has not been finalised which group is going to be added to the template, as this is something we sort out democratically. I am all for consensus in corporate governance. Uncle Davey — http://bible.ort.org/webmedia/t2/2217.ra "mekhashefah lo tekayeh" – "thou shalt not suffer a witch to live" (Exodus 22.17) "The invisible hand works better when there is a mix of companies, but companies which become large and monopolistic and get involved with politicians upset the equilibrium, and for that reason as well as aesthetic reasons I like the middle sized business sector. Small business tends to be populated with thickoes, and the large corporate world with arseholes, but in the middle it’s great, because you get both." (Uncle Davey, 26/03/2002) my heart leaps up when i behold a rainbow in the sky: so was it when my life began; so is it now i am a man; so be it when i shall grow old, or let me die! the child is father of the man and i could wish my days to be bound each to each by natural piety. (william wordsworth, 26/03/1802)
you want i should have some friends pay them a "visit"? *ninjahugs* lady. yes i am still alive, but bearly.;-) bill "cuddleninja" thater KiTA
Good to see you, Bill. Hope you can stick around. *hugs* — Princess fmomoon, the Music Witch Navy Mom I live in my own little world but, it’s okay, they know me there.
- Hide quoted text — Show quoted text – If you haven’t done so yet, killfile or ignore Uncle Davey and Shawn Pickrell. They are soc.singles morons here to troll and disrupt your newsgroup. See the thread "Humiliating situation" in soc.singles. The last dozen or so posts in the thread are about who to troll and how they decided. soc.singles is 100% owned by alt.fan.oj-simpson. ss is like our retarded little brother that escapes and causes trouble before we can beat him back into submission again. They sound really scarey! Whatever shall we do?? Hide cuddlers!!! Yeah, right… Snig x you want i should have some friends pay them a "visit"? *ninjahugs* lady. yes i am still alive, but bearly.;-) bill "cuddleninja" thater KiTA
Dear Bill: Thanks for stopping by! Best wishes in coping with whatever problems you may be having. **hugs** for a long-time Cuddleland veteran, —-Alex Kovnat, KiTA TFT
If you haven’t done so yet, killfile or ignore Uncle Davey and Shawn Pickrell. They are soc.singles morons here to troll and disrupt your newsgroup. See the thread "Humiliating situation" in soc.singles. The last dozen or so posts in the thread are about who to troll and how they decided. soc.singles is 100% owned by alt.fan.oj-simpson. ss is like our retarded little brother that escapes and causes trouble before we can beat him back into submission again.
Thanks Anonymous, this is very interesting. alt.accounting? (This looks to me the most trollripe of them all, actually. There are no troll threads there now, but the group is not moderated, and someone got offended and started talking about "I would hate to block la de da" when someone just said "bullshit"). Just a few of my favorites. See what you think. I think alt.accounting might be a good idea for a joint attack.
It needs study first maybe. Thinking objectively, what parameters should a group have to make it the ideal group for one of our attacks? A little bit of Practical Trollology is called for: 1. Size. It should be big enough to make it possible to get a response but no so big that we are unable to impact on the volumes too much. Alt.support.childfree is too big, it has a cruising poste volume of about double that of soc.singles. A group like alt.esperanto beginner is small and is quite the right size to be dominated by a single troll, it doesn’t need a concerted effort; we would just end up talking amongst ourselves without an audience. 50 postes or less per day is far too small, 500 per day (I mean without our involvement) is too big. 100-200 is about right. Alt accounting is on the small side .. Hey you’re there already! Decision made, then. I’ll join you in a minute. Uncle Davey Shawn Pickrell
Other regulars please note – I removed a number of x-post addresses before posting this. — Jim Hudspeth, CFE, CPA http://survivalworks.com
If you haven’t done so yet, killfile or ignore Uncle Davey and Shawn Pickrell. They are soc.singles morons here to troll and disrupt your newsgroup. See the thread "Humiliating situation" in soc.singles. The last dozen or so posts in the thread are about who to troll and how they decided. soc.singles is 100% owned by alt.fan.oj-simpson. ss is like our retarded little brother that escapes and causes trouble before we can beat him back into submission again.
It’s that Y=0 learning curve at work again. Shawn Pickrell
So, what exactly are they trolling for? and if we respond to their messages, it costs us what? Is this malicious, or are they just wasting our time and theirs. Thanks JB
– Hide quoted text — Show quoted text – If you haven’t done so yet, killfile or ignore Uncle Davey and Shawn Pickrell. They are soc.singles morons here to troll and disrupt your newsgroup. See the thread "Humiliating situation" in soc.singles. The last dozen or so posts in the thread are about who to troll and how they decided. soc.singles is 100% owned by alt.fan.oj-simpson. ss is like our retarded little brother that escapes and causes trouble before we can beat him back into submission again.
- Hide quoted text — Show quoted text – If you haven’t done so yet, killfile or ignore Uncle Davey and Shawn Pickrell. They are soc.singles morons here to troll and disrupt your newsgroup. See the thread "Humiliating situation" in soc.singles. The last dozen or so posts in the thread are about who to troll and how they decided. soc.singles is 100% owned by alt.fan.oj-simpson. ss is like our retarded little brother that escapes and causes trouble before we can beat him back into submission again. It’s that Y=0 learning curve at work again. Shawn Pickrell
Listen: I made a ple of money with Enron, and those who lost their lifesavings, misunderstandings happen every day. OUT
It is best to not respond to trolls, the best description I’ve heard is that trolls are energy creatures. So, what exactly are they trolling for? and if we respond to their messages, it costs us what? Is this malicious, or are they just wasting our time and theirs.
"Live long and prosper." To reply remove no spam from my e-mail address. —–= Posted via Newsfeeds.Com, Uncensored Usenet News =—– http://www.newsfeeds.com – The #1 Newsgroup Service in the World! —–== Over 80,000 Newsgroups – 16 Different Servers! =—–
If you haven’t done so yet, killfile or ignore Uncle Davey and Shawn Pickrell. They are soc.singles morons here to troll and disrupt your newsgroup. See the thread "Humiliating situation" in soc.singles. The last dozen or so posts in the thread are about who to troll and how they decided. soc.singles is 100% owned by alt.fan.oj-simpson. ss is like our retarded little brother that escapes and causes trouble before we can beat him back into submission again.
LOL! You call that trolling? I thought they were rather sweet. — Lady Gayle, PiTA ~A balanced diet is a cookie in each hand~ TFT
If you haven’t done so yet, killfile or ignore Uncle Davey and Shawn Pickrell. LOL! You call that trolling? I thought they were rather sweet.
could do with some additional, suitably flippant talents. — Prof. Timo Salmi ftp & http://garbo.uwasa.fi/ archives 193.166.120.5 Department of Accounting and Business Finance ; University of Vaasa Perfesser’s nauseating puns: ftp://garbo.uwasa.fi/pc/ts/tspun23.zip
It is best to not respond to trolls, the best description I’ve heard is that trolls are energy creatures.
Mmmmm … energy. Delicious! Shawn Pickrell
If you haven’t done so yet, killfile or ignore Uncle Davey and Shawn Pickrell. They are soc.singles morons here to troll and disrupt your newsgroup. See the thread "Humiliating situation" in soc.singles. The last dozen or so posts in the thread are about who to troll and how they decided. soc.singles is 100% owned by alt.fan.oj-simpson. ss is like our retarded little brother that escapes and causes trouble before we can beat him back into submission again.
They sound really scarey! Whatever shall we do?? Hide cuddlers!!! Yeah, right… Snig x
- Hide quoted text — Show quoted text – If you haven’t done so yet, killfile or ignore Uncle Davey and Shawn Pickrell. They are soc.singles morons here to troll and disrupt your newsgroup. See the thread "Humiliating situation" in soc.singles. The last dozen or so posts in the thread are about who to troll and how they decided. soc.singles is 100% owned by alt.fan.oj-simpson. ss is like our retarded little brother that escapes and causes trouble before we can beat him back into submission again. They sound really scarey! Whatever shall we do?? Hide cuddlers!!! Yeah, right… Snig x
you want i should have some friends pay them a "visit"? *ninjahugs* lady. yes i am still alive, but bearly.;-) bill "cuddleninja" thater KiTA
Accounting Talk » Accounting Software » Help Desk
Have had first hand experience with this Wife 2.0 upgrade – caused far to many problems to the system ,was left with no option but to totally uninstall and revert back to girlfriend 5.0(1).
– Hide quoted text — Show quoted text – Wife 1.0 Dear Help Desk, Last year I upgraded from Girlfriend 5.0 to Wife 1.0 and noticed that the new program began making unexpected changes to the accounting modules, limiting access to the cooking and cleaning applications that had operated flawlessly under Girlfriend 5.0. In addition, Wife 1.0 uninstalled many other valuable programs, such as Romance 9.9 but installed undesirable programs such as shopping 5.0 and nagging 3.0. Conversation 8.0 no longer runs and House Cleaning 2.6 simply crashes the entire system. I’ve tried running Compliments 5.3 to fix these problems, but to no avail. Please help! –Desperate Dear Desperate, Please keep in mind that Girlfriend 5.0 is an entertainment package, while Wife 1.0 is an operating system. Try to enter the command: C:/I-THOUGHT-YOU-LOVED-ME and then install Flowers 6.2. and Wife 1.0 should then automatically run the applications: Cooking 3.0 and Cleaning 2.6. But remember, overuse can cause Wife 1.0 to default to Cut-You-Off 2.5, Nagging 7.0 or the deadly virus, PMS 6.1. PMS 6.1 is a virus that will create "Screeching" WAV sound files, followed by "Tears" WAV sound files. WARNING, DO NOT install Mother-In-Law 1.0 to the operating system, and under NO circumstances should you reinstall another Girlfriend program as these are not supported applications and will crash Wife 1.0 and cause Lawyer 9.0 to Self-install causing all kinds of connectivity problems! In summary, Wife 1.0 is a great program, but it does have limited memory and cannot learn new applications quickly. Consider buying additional software to improve performance. I personally recommend Perfume 3.0 and Lingerie 5.3, unless the WOS (wife operating system) you are running happens to be BlondeWife Ver. 1.1, in that case, nothing mentioned here applies at all, and you should return your operating system immediately! –Help Desk Yeah – but does Wife 1.0 leave the registry settings after uninstallation ? In which case Wife 2.0 ( or other ) may prove to be a problematic upgrade. G.
Wife 1.0 Dear Help Desk, Last year I upgraded from Girlfriend 5.0 to Wife 1.0 and noticed that the new program began making unexpected changes to the accounting modules, limiting access to the cooking and cleaning applications that had operated flawlessly under Girlfriend 5.0. In addition, Wife 1.0 uninstalled many other valuable programs, such as Romance 9.9 but installed undesirable programs such as shopping 5.0 and nagging 3.0. Conversation 8.0 no longer runs and House Cleaning 2.6 simply crashes the entire system. I’ve tried running Compliments 5.3 to fix these problems, but to no avail. Please help! –Desperate Dear Desperate, Please keep in mind that Girlfriend 5.0 is an entertainment package, while Wife 1.0 is an operating system. Try to enter the command: C:/I-THOUGHT-YOU-LOVED-ME and then install Flowers 6.2. and Wife 1.0 should then automatically run the applications: Cooking 3.0 and Cleaning 2.6. But remember, overuse can cause Wife 1.0 to default to Cut-You-Off 2.5, Nagging 7.0 or the deadly virus, PMS 6.1. PMS 6.1 is a virus that will create "Screeching" WAV sound files, followed by "Tears" WAV sound files. WARNING, DO NOT install Mother-In-Law 1.0 to the operating system, and under NO circumstances should you reinstall another Girlfriend program as these are not supported applications and will crash Wife 1.0 and cause Lawyer 9.0 to Self-install causing all kinds of connectivity problems! In summary, Wife 1.0 is a great program, but it does have limited memory and cannot learn new applications quickly. Consider buying additional software to improve performance. I personally recommend Perfume 3.0 and Lingerie 5.3, unless the WOS (wife operating system) you are running happens to be BlondeWife Ver. 1.1, in that case, nothing mentioned here applies at all, and you should return your operating system immediately! –Help Desk
- Hide quoted text — Show quoted text – Wife 1.0 Dear Help Desk, Last year I upgraded from Girlfriend 5.0 to Wife 1.0 and noticed that the new program began making unexpected changes to the accounting modules, limiting access to the cooking and cleaning applications that had operated flawlessly under Girlfriend 5.0. In addition, Wife 1.0 uninstalled many other valuable programs, such as Romance 9.9 but installed undesirable programs such as shopping 5.0 and nagging 3.0. Conversation 8.0 no longer runs and House Cleaning 2.6 simply crashes the entire system. I’ve tried running Compliments 5.3 to fix these problems, but to no avail. Please help! –Desperate Dear Desperate, Please keep in mind that Girlfriend 5.0 is an entertainment package, while Wife 1.0 is an operating system. Try to enter the command: C:/I-THOUGHT-YOU-LOVED-ME and then install Flowers 6.2. and Wife 1.0 should then automatically run the applications: Cooking 3.0 and Cleaning 2.6. But remember, overuse can cause Wife 1.0 to default to Cut-You-Off 2.5, Nagging 7.0 or the deadly virus, PMS 6.1. PMS 6.1 is a virus that will create "Screeching" WAV sound files, followed by "Tears" WAV sound files. WARNING, DO NOT install Mother-In-Law 1.0 to the operating system, and under NO circumstances should you reinstall another Girlfriend program as these are not supported applications and will crash Wife 1.0 and cause Lawyer 9.0 to Self-install causing all kinds of connectivity problems! In summary, Wife 1.0 is a great program, but it does have limited memory and cannot learn new applications quickly. Consider buying additional software to improve performance. I personally recommend Perfume 3.0 and Lingerie 5.3, unless the WOS (wife operating system) you are running happens to be BlondeWife Ver. 1.1, in that case, nothing mentioned here applies at all, and you should return your operating system immediately! –Help Desk
Yeah – but does Wife 1.0 leave the registry settings after uninstallation ? In which case Wife 2.0 ( or other ) may prove to be a problematic upgrade. G.
Accounting Talk » Tax Accounting » Where to sell rv accessories?
You and I may consider the law to be wrong in some respect, and maybe don’t follow it sometimes, but being scofflaws in a crowd of scofflaws doesn’t make it legal, just had to detect and prosecute. That’s the old "If I can get away with it, it must be OK" mindset that we sometimes want to believe only the other guy has.
It’s also known as civil disobedience, and has been a long respected practice of those respecting individual rights. Were it not for such, it is likely that prohibition would still be the law, and Rosa Parks would still be sitting in the back seat of the bus, were she still alive. Lon
- Hide quoted text — Show quoted text – Well, George, I’m talking about legality here, not morals or customs. You make a profit (meaning generally you received more than you paid; you are right, most yard sales don’t make a profit, but that wasn’t the issue — profits were), you report and pay tax. Even for a residence, except there if you meet certain criteria, you only have to report it. And contrary to conventional wisdom, the profit doesn’t have to be in money; barter is indeed taxable. If you are a doctor and accept chickens in payment for work, you owe taxes; problem in that case is the gummint won’t accept chickens, so you have to come up with cash. People who have won a car (taxable event) have found that they need to come up with cash at tax time if they want to keep it… You and I may consider the law to be wrong in some respect, and maybe don’t follow it sometimes, but being scofflaws in a crowd of scofflaws doesn’t make it legal, just had to detect and prosecute. That’s the old "If I can get away with it, it must be OK" mindset that we sometimes want to believe only the other guy has. BTW, in FL if you go to flea markets, even once, and set up a table the law says you must collect and pay the sales tax. The flea mkts usually give you the report and envelope when you pay for the table. I am fully aware that tax accounting for a business is different that personal tax accounting; my point is that not being a business does not shield you from paying federal income taxes on any profit you may happen to make whether you trade your time and skills to an employer in return for cash or you buy a valuable oil painting at a garage sale and auction it for thousands. Uncle Sam has his hand out and you ignore your duties as a law-abiding citizen of the realm by rationalization at your own risk.
I am not normally a scofflaw. But taxing barter bothers me a bit. Take the Doctor, what does he do, pull off a leg and give it to the government agent? What do you use for money to pay the taxes? How about those little exchanges with a friend, give me a can of peaches and I’ll give you a pound of potatoes. Technically you both have to pay income tax. But I believe that is immoral to require taxes. Give the little old lady on the corner a couple of zucchinis and she trades with a friend for a couple of bigger squash. She has to pay taxes? You bet. Hell maybe she keeps trading all the way up to a big pumpkin. Hell, if she paid income tax on all those trades, she might owe quite a bit. Seems a bit immoral to me.
Seems to me a lot of this tax stuf is immoral, or at least amoral, but I didn’t write the codes or make the court decisions. Sometimes sanity prevails, however, as evidenced by the parks being able to barter sites for volunteer time, by specific exception when the parks had to gang up on the IRS. – Hide quoted text — Show quoted text – I am not normally a scofflaw. But taxing barter bothers me a bit. Take the Doctor, what does he do, pull off a leg and give it to the government agent? What do you use for money to pay the taxes? How about those little exchanges with a friend, give me a can of peaches and I’ll give you a pound of potatoes. Technically you both have to pay income tax. But I believe that is immoral to require taxes. Give the little old lady on the corner a couple of zucchinis and she trades with a friend for a couple of bigger squash. She has to pay taxes? You bet. Hell maybe she keeps trading all the way up to a big pumpkin. Hell, if she paid income tax on all those trades, she might owe quite a bit. Seems a bit immoral to me.
Pete says: If you actually make a profit on something, you are required to report it on your federal income tax return (and you *can’t* deduct any losses from the other stuf you sold). Well, actually you can deduct the losses. Just declare yourself a business ("recycler" or "collectibles dealer") and file a Schedule C with your taxes. You can deduct the mileage used to go to other garage sales (but not your time) and sometimes lunches. You can deduct the cost of newspaper ads and signs. The catch is, if you deduct what the IRS feels is too much, you’re fair game for an audit. And you can only show a loss for (I think) 4years. The fifth one you either have to show a profit or change the business (usually a simple name change of the business).
Wrong! If you don’t qualify as a business, but you filed as a business, you have to go back and refile as a hobby if there is a difference in tax. BTW, the IRS really doesn’t care what you call yourself as long as you file properly; they don’t even care if your business is legal! (Ref: A.J.Capone) And your tax "home" is where you earned the money, not where you live or spent it. That becomes important sometimes for some travel-related expenses, esp in stuf like the construction field. However, you may be able to deduct capital losses from capital gains, up to the amount of the capital gains but no more (unless you are a business), for that particular yard sale.
Well Pete, you and that other person can keep paying those taxes. Technically almost everything you get paid for or make a gain on or barter is income and is reportable. (See residence though.) Normal garage sales though don’t make any reportable income. You buy it at retail, use it for a while, and sell it for very little. Now if you are talking about people going around to yard sales and buying stuff, taking it home, and selling it, you are talking about a business whether it is declared or not. But you are wrong about business, all the rules changes. BTW, did you also collect and pay sales tax. Don’t know anybody that does that either. Do you know anybody that does a swap and get the better of the deal and pays income tax on it. No, I don’t either. At some point paying income tax on stuff become not only invasive but just plain wrong. Although it may be illegal, many if not most people consider bartering and just helping people to be the battle ground. I helped a guy buy trimming a bunch of trees with my chain saw. Did he pay taxes on the net value? Not likely. And if he mows my lawn sometime, I sure as hell won’t pay taxes on the estimated value. – Hide quoted text — Show quoted text – Umm, when you use "don’t", do you mean "don’t do it because it isn’t required as a matter of law" or "don’t do it because nobody else does and nobody hardly ever gets held accountable". If you buy something and sell it at a profit, that’s income (capital gain) and it’s reportable and taxable unless it’s specifically exempted by law. Ask your tax guy to give you a statement regarding not needing to report and pay tax on the sale of a used car that you bought for X and sold for Y, where YX, because you are not a used car dealer. Don’t confuse local requirements for occupational licenses and sales tax with federal codes on income tax. If I am a doctor and win the lottery, do I claim the lottery has nothing to do with my medical occupation and is therefore neither reportable nor taxable? Ralph *may* be correct in that the IRS or some court has specifically exempted yard sale profits (as opposed to proceeds, as in gross and net) are not reportable… Being a business has nothing to do with paying taxes except that it makes it *easier* to deduct losses/expenses from gains. Read the IRS guidelines on determining whether something you do that generates a profit is a business or a hobby; the IRS tries real hard to assume hobby first and make you prove otherwise because they get more revenue that way. I’ll reiterate what I said, you make a profit you report and pay the tax; you incur a loss it’s generally just that… Come on Pete. Of course you don’t report a profit on something you sold. And of course you don’t report a loss. However, if you are a business, and having a yard sale doesn’t make you a business, you would report your profits which would include you costs, and the total might well be less than zero.
Well, George, I’m talking about legality here, not morals or customs. You make a profit (meaning generally you received more than you paid; you are right, most yard sales don’t make a profit, but that wasn’t the issue — profits were), you report and pay tax. Even for a residence, except there if you meet certain criteria, you only have to report it. And contrary to conventional wisdom, the profit doesn’t have to be in money; barter is indeed taxable. If you are a doctor and accept chickens in payment for work, you owe taxes; problem in that case is the gummint won’t accept chickens, so you have to come up with cash. People who have won a car (taxable event) have found that they need to come up with cash at tax time if they want to keep it… You and I may consider the law to be wrong in some respect, and maybe don’t follow it sometimes, but being scofflaws in a crowd of scofflaws doesn’t make it legal, just had to detect and prosecute. That’s the old "If I can get away with it, it must be OK" mindset that we sometimes want to believe only the other guy has. BTW, in FL if you go to flea markets, even once, and set up a table the law says you must collect and pay the sales tax. The flea mkts usually give you the report and envelope when you pay for the table. I am fully aware that tax accounting for a business is different that personal tax accounting; my point is that not being a business does not shield you from paying federal income taxes on any profit you may happen to make whether you trade your time and skills to an employer in return for cash or you buy a valuable oil painting at a garage sale and auction it for thousands. Uncle Sam has his hand out and you ignore your duties as a law-abiding citizen of the realm by rationalization at your own risk. – Hide quoted text — Show quoted text – Well Pete, you and that other person can keep paying those taxes. Technically almost everything you get paid for or make a gain on or barter is income and is reportable. (See residence though.) Normal garage sales though don’t make any reportable income. You buy it at retail, use it for a while, and sell it for very little. Now if you are talking about people going around to yard sales and buying stuff, taking it home, and selling it, you are talking about a business whether it is declared or not. But you are wrong about business, all the rules changes. BTW, did you also collect and pay sales tax. Don’t know anybody that does that either. Do you know anybody that does a swap and get the better of the deal and pays income tax on it. No, I don’t either. At some point paying income tax on stuff become not only invasive but just plain wrong. Although it may be illegal, many if not most people consider bartering and just helping people to be the battle ground. I helped a guy buy trimming a bunch of trees with my chain saw. Did he pay taxes on the net value? Not likely. And if he mows my lawn sometime, I sure as hell won’t pay taxes on the estimated value. Umm, when you use "don’t", do you mean "don’t do it because it isn’t required as a matter of law" or "don’t do it because nobody else does and nobody hardly ever gets held accountable". If you buy something and sell it at a profit, that’s income (capital gain) and it’s reportable and taxable unless it’s specifically exempted by law. Ask your tax guy to give you a statement regarding not needing to report and pay tax on the sale of a used car that you bought for X and sold for Y, where YX, because you are not a used car dealer. Don’t confuse local requirements for occupational licenses and sales tax with federal codes on income tax. If I am a doctor and win the lottery, do I claim the lottery has nothing to do with my medical occupation and is therefore neither reportable nor taxable? Ralph *may* be correct in that the IRS or some court has specifically exempted yard sale profits (as opposed to proceeds, as in gross and net) are not reportable… Being a business has nothing to do with paying taxes except that it makes it *easier* to deduct losses/expenses from gains. Read the IRS guidelines on determining whether something you do that generates a profit is a business or a hobby; the IRS tries real hard to assume hobby first and make you prove otherwise because they get more revenue that way. I’ll reiterate what I said, you make a profit you report and pay the tax; you incur a loss it’s generally just that… Come on Pete. Of course you don’t report a profit on something you sold. And of course you don’t report a loss. However, if you are a business, and having a yard sale doesn’t make you a business, you would report your profits which would include you costs, and the total might well be less than zero.
Pete says: If you actually make a profit on something, you are required to report it on your federal income tax return (and you *can’t* deduct any losses from the other stuf you sold).
Well, actually you can deduct the losses. Just declare yourself a business ("recycler" or "collectibles dealer") and file a Schedule C with your taxes. You can deduct the mileage used to go to other garage sales (but not your time) and sometimes lunches. You can deduct the cost of newspaper ads and signs. The catch is, if you deduct what the IRS feels is too much, you’re fair game for an audit. And you can only show a loss for (I think) 4years. The fifth one you either have to show a profit or change the business (usually a simple name change of the business). Mark
Umm, when you use "don’t", do you mean "don’t do it because it isn’t required as a matter of law" or "don’t do it because nobody else does and nobody hardly ever gets held accountable". If you buy something and sell it at a profit, that’s income (capital gain) and it’s reportable and taxable unless it’s specifically exempted by law. Ask your tax guy to give you a statement regarding not needing to report and pay tax on the sale of a used car that you bought for X and sold for Y, where YX, because you are not a used car dealer. Don’t confuse local requirements for occupational licenses and sales tax with federal codes on income tax. If I am a doctor and win the lottery, do I claim the lottery has nothing to do with my medical occupation and is therefore neither reportable nor taxable? Ralph *may* be correct in that the IRS or some court has specifically exempted yard sale profits (as opposed to proceeds, as in gross and net) are not reportable… Being a business has nothing to do with paying taxes except that it makes it *easier* to deduct losses/expenses from gains. Read the IRS guidelines on determining whether something you do that generates a profit is a business or a hobby; the IRS tries real hard to assume hobby first and make you prove otherwise because they get more revenue that way. I’ll reiterate what I said, you make a profit you report and pay the tax; you incur a loss it’s generally just that… – Hide quoted text — Show quoted text – Come on Pete. Of course you don’t report a profit on something you sold. And of course you don’t report a loss. However, if you are a business, and having a yard sale doesn’t make you a business, you would report your profits which would include you costs, and the total might well be less than zero. If you actually make a profit on something, you are required to report it on your federal income tax return (and you *can’t* deduct any losses from the other stuf you sold). Does that mean if I have have a yard sale this Saturday and make a profit on something, I’m a business?
If you actually make a profit on something, you are required to report it on your federal income tax return (and you *can’t* deduct any losses from the other stuf you sold).
Actually the IRS has special rules that except "casual" yard sales, while trying to tax the "pro". I know people that have "garage sales" once every month, and spend the other weekends looking for bargins at other peoples. Not how I would want to spend my time "off", I suspect they would make more $$$ with a 2nd job. —– RV and Camping FAQ <http://kendaco.telebyte.net/rlindber/rv/ Of all the things I’ve lost, the thing I miss the most is my sanity
Come on Pete. Of course you don’t report a profit on something you sold. And of course you don’t report a loss. However, if you are a business, and having a yard sale doesn’t make you a business, you would report your profits which would include you costs, and the total might well be less than zero. – Hide quoted text — Show quoted text – If you actually make a profit on something, you are required to report it on your federal income tax return (and you *can’t* deduct any losses from the other stuf you sold). Does that mean if I have have a yard sale this Saturday and make a profit on something, I’m a business?
Actually if you’re selling parts and accessories to make a profit you are a business. Does that mean if I have have a yard sale this Saturday and make a profit on something, I’m a business?
Not if you do it once. But if you do it on a regular basis you are, at least in many localities, because then it becomes a business and requires licensing, etc. The same principle should apply here, I believe — if that’s what you’re implying. GB in NC
If you actually make a profit on something, you are required to report it on your federal income tax return (and you *can’t* deduct any losses from the other stuf you sold). – Hide quoted text — Show quoted text – Does that mean if I have have a yard sale this Saturday and make a profit on something, I’m a business? Is there an effective and free place to sell parts and accessories in a NG or on the web? (I am not a business) Actually if you’re selling parts and accessories to make a profit you are a business. Anyway, the newsgroup to sell outdoors stuff including rv accessories is rec.outdoors.marketplace. Jay — * Jay Denebeim Moderator rec.arts.sf.tv.babylon5.moderated *
Is there an effective and free place to sell parts and accessories in a NG or on the web? (I am not a business) Thanks for responding Jay
Is there an effective and free place to sell parts and accessories in a NG or on the web? (I am not a business)
Actually if you’re selling parts and accessories to make a profit you are a business. Anyway, the newsgroup to sell outdoors stuff including rv accessories is rec.outdoors.marketplace. Jay — * Jay Denebeim Moderator rec.arts.sf.tv.babylon5.moderated *
I often check Ebay for accessories. Its a good place IMO. Andy.
– Hide quoted text — Show quoted text – Is there an effective and free place to sell parts and accessories in a NG or on the web? (I am not a business) Thanks for responding Jay
Does that mean if I have have a yard sale this Saturday and make a profit on something, I’m a business? – Hide quoted text — Show quoted text – Is there an effective and free place to sell parts and accessories in a NG or on the web? (I am not a business) Actually if you’re selling parts and accessories to make a profit you are a business. Anyway, the newsgroup to sell outdoors stuff including rv accessories is rec.outdoors.marketplace. Jay — * Jay Denebeim Moderator rec.arts.sf.tv.babylon5.moderated *
Accounting Talk » Financial Accounting » NEWBEE: Chart of Accounts for an ISP
Is BAPort still in business? The reason I ask is that to date, their IPO still hasn’t gone down, and their Website has been offline for some time. I’m curious about this particular ASP, since it has received a lot of fanfare in the past. I find ASP’s to be an unsafe way of doing business, and it will be interesting to see if they fly in the long term. WHOA! You’re right! It seems to be gone. FastXML.net is gone too! Go read about it at http://www.LocalBusiness.com (search for baport.) (Thanks to Phil Wainewright of http://www.ASPNews.com for the stories.) If Baport is really gone,
Couldn’t have happened to a nicer bunch of guys… P
Is BAPort still in business? The reason I ask is that to date, their IPO still hasn’t gone down, and their Website has been offline for some time. I’m curious about this particular ASP, since it has received a lot of fanfare in the past. I find ASP’s to be an unsafe way of doing business, and it will be interesting to see if they fly in the long term.
WHOA! You’re right! It seems to be gone. FastXML.net is gone too! Go read about it at http://www.LocalBusiness.com (search for baport.) (Thanks to Phil Wainewright of http://www.ASPNews.com for the stories.) If Baport is really gone, this would be the first webledger failure. I wonder what happened to their subscribers. I am not sure they ever really went live. I test drove it back in March. Surely, they had live subscribers. Baport is also gone from http://www.dellmarketplace.com/ or http://www.delleworks.com etc. Look at how Dell changed their spin between http://www.nwfusion.com/news/2000/0920dellvirtual.html and http://www.nwfusion.com/news/2000/0918newdell.html in september and http://www.nwfusion.com/news/2000/1205dellserv.html december. I would guess Graham Clark has either sold the whole operation and its code to somebody (which could still be Dell or Ariba etc.) or possibly, gone back to Microsoft where he came from, with the webledger software. The news stories don’t really explain what happened saying both BAPort and Dell did not respond to inquiries. They might have just gone away, licking their wounds after finding out how much it was going to cost to build a webledger. But somehow this seems odd to me. Surely everybody knows this is like entering the automobile or aerospace manufacturing industry. Developing a real, massmarket webledger apparently costs very big money (at least 50 million?). You should enter as a horizontal component, or bond with a vertical market. Graham Clark would know that. Perhaps using Microsoft technology may have cost more ($licensing, hardware costs, elevated bugs and security problems, and reportedly, an inferior object platform). So maybe they just went out of business. Couldn’t execute. Somehow I doubt it. I think the code is still out there and BAport probably realized it’s worth more to Microsoft or whoever they sell it to, than it is independently. It will surface again. I think this is all connected with Microsoft, GPS, and bCentral. Even if BAport just innocently went out of business, the decision was based on the knowledge M$ and Intuit were entering the market. If you have time it would be interesting to inquire of BAport’s Indian partners who were supposedly writing most of the code. I don’t have their name or url handy, since the website is gone. It would be a typical stunt, these days, for large corporations to startup a fake company pretending to be a startup, which misleads everybody into cooperating with them, employees into working long hours etc. then shut down the thing and merge it back into the parent company. They either clawback the technologies or work processes or customers cheaply, as Larry Ellison has done with Salesforce.com and some other startups. Or sometimes they startup a pure sting operation like Peoplesoft’s Baer Tierkel did with Disruptive.Com, then just stop and merge the whole thing back into the parent company. As far as I can see, the Disgusting Dotcom manuever was just a scheme to get resumes and developers for Peoplesoft’s redevelopment project. Tierkel is now the toast of Silicon Valley with their new web-ized Peoplesoft 8. http://www.zdnet.com/zdnn/stories/news/0,4586,2644458,00.html I actually wasted my time flying down to apply at Disruptive.com and met Baer in 1999, thinking it was a real webledger. ATT, Intel, Lucent.. all of them have their "incubator" things, but at least they’re honest about it. To me, for a company the size and prominence of BAport.com to just disappear and shut down their webledger and domain name without so much as an explanation, is irresponsible and poisons the water for everybody else. Perhaps that is what Microsoft had in mind all along–to suck up technology and create FUD in the webledger market driving SME’s to big providers, all in one stroke. http://www.it2go.net/Library/Articles/ibm.htm shows the UDDI members. You start to get the big picture here. Dell and IBM of course are in deep cooperation with Microsoft. Dell, openly and IBM, in a kind of good cop/bad cop routine extending back to the early 1980s. http://www.gldialtone.com/M$hijinks1.htm Graham Clark, where are you? And what happened to the webledger code? Todd 6 year old child, circa 2005 "Daddy, what’s a sticky website?" Answer: "Honey, *all* websites are sticky. That word was used back in the 1990s when you had a choice…" . . . . Here are some of my public posts mentioning BAPort. BAport and Dell Launched their Small Business Internet Accounting Software http://www.aspnews.com/news/weekly/article/0,2350,4271_417941,00.html http://www.aspstreet.com/asp.taf/id,867/2146/3/1/371 BAport Accounting service will be on DellWorks.com website for Dell’s U.S. small business customers. BAPort is going to be huge. They were founded by a senior Microsoft developer, Graham Clark, and are rumored to have the best XML interfaces in the webledger industry, based on SOAP. We’ll see. IN-browser caching technology based on XML. Free to the first user. $7/month for addl. users. Paychex integration. Newsgroups: alt.comp.software.financial,comp.text.xml,alt.accounting [...] BAPort takes advantage of some capability built into the MSIE5 browser, to persist some tables of XML. = One can but wonder how AICPA is going to manage this equilibrium of force vectors. The theory is that these new projects (the portal and the XYZ certification) will be run by independent entities…. Accounting Today, John Covaleski thinks the bigger threat is the private sector, open platforms like NetLedger http://www.electronicaccountant.com/html/atoday/61200clm.htm "The portal also may face stiff competition… OK but you’re still going to have to SUBCONTRACT to get an online General Ledger for the cpa2Biz portal running anytime in the next 3 years. While AICPA has been sleeping, other guys have been building them: so they really don’t have much of a choice. One of these 4 webledgers will win the contract to provide the back end to cpa2biz website: 1. Netledger 2. BizTone 3. BAPort 4. eLedger The first three have screaming, good XML interfaces at the back end, and they are determined to compete and fight, to become general ledgers to the internet community. I am so confident of these nominations that AICPA could support all three webledgers with no problems: the webledgers could interface WITH EACH OTHER transparently, thru direct back-end connections, so that end users could migrate their whole transactions any time. [I should have included IntAcct which has a better GAAP infrastructure and which has a better XML infrastructure than BizTone or eLedger.] Newsgroups: alt.accounting Looks like Dell is going where no company has gone before in cyberspace. If that’s the case, I definitely admire their pioneering spirit. This could be the real start of a whole new ball game or dare I say, "web game." Read this http://www.nwfusion.com/news/2000/0918newdell.html What’s your take on this? Earl– who do you think the Dell marketplace will be good for? Ordinary individuals, and small/medium businesses? If so, how will we benefit?? There are already many internet marketplaces. www.netmarketmakers.com is a good place to review them. It has been said that RosettaNet was an industrywide reaction to the total domination of Dell JIT production and delivery of computers. Nobody else could survive against their excellent performance. Now perhaps the Dell network is a reaction, and a competition, with RosettaNet. Certainly it is a powerful architecture. You may recall that BAPort, a webledger based in Florida with developers in India, provides webledger integration with partners in the Dell marketplace. You will read more about this in future, bank on it. BAPort and FastXML will end up as the intercompany payable and receivable infrastructure, the settlement provider, and inventory and logistical standard among Dell marketplace members. They will then begin to pervade other marketplaces, having gotten a foothold in the Dell marketplace with a proven SOAP accounting interface. It escapes me why Oracle, with its huge investment in the Oracle marketplace, and affiliation with NetLedger, has not gone in the same direction to provide an integrated webledger service. Any number of people have begged NetLedger to get into these marketplaces; Karl Nagel for example. Well anyway… back to your question. These marketplaces, on the whole, are a continuation and widening of the advantages of fortune 500’s over the
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I am not an EXPERT either, however, at first glance it sound to me more like you need a chart of accounts similar to that of a service business whereby you would not have a "Good" to sell but a "Service" so you don’t need a cost of goods sold. Simply your expenses to offset the revenue. This is not gospel, but it may give you a starting point. Maribeth Robison Harmony Consultants Albuquerque, NM
As an accountant, I engage the services of professional developers/programmers/analysts when I need custom software. As a developer working on accounting software, you need to engage the services of a competent professional accountant. God help your ISP customer if you don’t. – Hide quoted text — Show quoted text – First of all, let me say that I am not an accountant. I am a software developer. What I am working on is a Web based billing system for an ISP to manage their customers and billing. The ISP leases access to the Internet via dialup and frame relay service. To provide the dialup service, the ISP must itself have dedicated accesss to the Internet via a backbone service provider. The cost associated with this backbone service is a fixed cost per month to the ISP (i.e., four T1s which cost about $4800 per month). Now, the ISP sells/leases access to these 4 T1s via dialup service to its customers. There is theoretically no limit to the number of customers that the ISP can sell/lease this service to, but the performance degredation will force the ISP to obtain additional backbone bandwidth (i.e., additional T1s). What I am trying to say here, is that there is not really an ‘inventory’ of product to sell. Now, my question: Does anyone know what would be a reasonable way to setup a chart of accounts for an ISP? Also, how would I apportion cost-of-sales for each new customer that the ISP subscribes? I seems to me that this would be a dynamic cost since the expense (i.e., the four T1s) is a fixed cost, but the number of customers that can be sold to is unlimited. I hope that this is not too convoluted, but I am stumped. Thank you, Murrah Boswell
Hello, This is the first time I have questioned this group, but I am very glad that I found it. First of all, let me say that I am not an accountant. I am a software developer. What I am working on is a Web based billing system for an ISP to manage their customers and billing. The ISP leases access to the Internet via dialup and frame relay service. To provide the dialup service, the ISP must itself have dedicated accesss to the Internet via a backbone service provider. The cost associated with this backbone service is a fixed cost per month to the ISP (i.e., four T1s which cost about $4800 per month). Now, the ISP sells/leases access to these 4 T1s via dialup service to its customers. There is theoretically no limit to the number of customers that the ISP can sell/lease this service to, but the performance degredation will force the ISP to obtain additional backbone bandwidth (i.e., additional T1s). What I am trying to say here, is that there is not really an ‘inventory’ of product to sell. Now, my question: Does anyone know what would be a reasonable way to setup a chart of accounts for an ISP? Also, how would I apportion cost-of-sales for each new customer that the ISP subscribes? I seems to me that this would be a dynamic cost since the expense (i.e., the four T1s) is a fixed cost, but the number of customers that can be sold to is unlimited. I hope that this is not too convoluted, but I am stumped. Thank you, Murrah Boswell
What you *should* do is setup a webledger account with BAport, NetLedger, IntAcct, BizTone or NetAccount which are the 5 webledgers who have talked about having XML interfaces on the back end. None of them are really in production as far as the general public, but some are in daily production with integration partners.
Is BAPort still in business? The reason I ask is that to date, their IPO still hasn’t gone down, and their Website has been offline for some time. I’m curious about this particular ASP, since it has received a lot of fanfare in the past. I find ASP’s to be an unsafe way of doing business, and it will be interesting to see if they fly in the long term. B
Does anyone know what would be a reasonable way to setup a chart of accounts for an ISP? Also, how would I apportion cost-of-sales for each new customer that the ISP subscribes? I seems to me that this would be a dynamic cost since the expense (i.e., the four T1s) is a fixed cost, but the number of customers that can be sold to is unlimited. I hope that this is not too convoluted, but I am stumped. Thank you, Murrah Boswell
If I were you I would test drive some of the software for ISPs and get a good feel for the scope of software you are going to have to build to be successful. It is easy to underestimate the scope of it. It just goes on forever, with bandwidth charges and metering and fifty kinds of services that kick in and out constantly. The users are always changing their levels of service. If you screw up the billing, you lose money! I workd on billing system at www.gol.com in 94-95, it was very sobering, I wouldn’t touch that kind of engagement now. What you *should* do is setup a webledger account with BAport, NetLedger, IntAcct, BizTone or NetAccount which are the 5 webledgers who have talked about having XML interfaces on the back end. None of them are really in production as far as the general public, but some are in daily production with integration partners. What you *should* do is emit billing events to the accounts receivable in your webledger, and then use the webledger’s onwards services for billing and invoicing and settlements, and so forth. The time you spend fucking around with their XML interface will buy you a lot of return busienss from among their large populations of users, which actually constitute a sort of market. There will be lots of webhosting work in there, for any ISP who knows how to talk with their XML interface. Here, go to www.varbusiness.com and search for netledger, and read what Evan Goldberg said December 8th. Netledger reaffirms its promises to offer open XML interfaces, to integrate with the whole internet, almost every single week. (so lets CALL THEM on it.) http://www.gldialtone.com/links.htm#ispBilling has more links to other hardcoded ISP billing software, good luck, I don’t recommend this route. But test drives can be very informative. There is an active discussion on ISPBilling of course, on Archives: http://isp-lists.isp-planet.com/isp-invoicing/archives/ Good Luck! Let us know how it werks out 
* Todd F. Boyle CPA http://www.GLDialtone.com/ * XML accounting, webledgers, BSPs, ASPs, whatever it takes * 12/11/2000- Functional Architect, Netaccount.com
Accounting Talk » Financial Accounting » NYC: SENIOR ACCOUNTANT
Our client, a $35 million advertising company, seeks SENIOR ACCOUNTANT to be responsible for financial statements, account analysis, special projects, and some cost accounting. Excellent growth opportunity. This full-time position offers salary to $50,000 plus comprehensive benefits, including health insurance and excellent 401K plan. Convenient mid-town New York City location. 2+ years private accounting experience required. Service industry accounting experience a plus. Please send resume ASAP via E-mail, using MSWord type *.doc or FAX to 914-946-3505. All inquiries are strictly confidential.
Our client, a 35 million dollar advertising company, seeks SENIOR ACCOUNTANT to be responsible for financial statements, account analysis, special projects, and some cost accounting. Excellent growth opportunity. This full-time position offers salary to $50,000 plus comprehensive benefits, including health insurance and excellent 401K plan. Convenient mid-town New York City location. 2+ years private accounting experience required. Service industry accounting experience a plus. Please send resume ASAP via E-mail, using MSWord type *.doc or FAX to 914-946-3505. All inquiries are strictly confidential.
Accounting Talk » Business Accounting » Whoa! hey! what about taxes?
thanks I was wondering since Accounting was my major at college
Cool! <G Wanna do our sales tax returns????? …Seems like an accountant could really make a fortune offering an easy way for auction-folk to do all this stuff. The idea of having to do so many really makes me shudder. Given the political clout of big businesses… How did this system ever come to exist in the first place???? – Dan. | South Jersey, USA, Earth <http://users.snip.net/~darmok |
Wanna do our sales tax returns????? …Seems like an accountant could really make a fortune offering an easy way for auction-folk to do all this stuff.
Nah I had enough with frustration with the rules and regulations… The idea of having to do so many really makes me shudder.
agreed Given the political clout of big businesses… How did this system ever come to exist in the first place???? – Dan.
At the first dawn of man……
NO- WRONG You do not have to collect sales taxes for every out of state transaction-only those states in which you have a "physical presence"-and for most Ebayer sellers, thats the one in which they reside. If you own shops in other states, yes, MAYBE you do have to pay sales tax. (but that depends on your corporate setup-a crafty lawyer can set up a separate corporation for internet sales with one location). Individuals will almost ALWAYS have one location. Taxes in those instances should be paid by the buyer. – Hide quoted text — Show quoted text – If you are a business to do business over ebay, how would it affect the tax form? Depends on how you form your company, but income is still income. Sole Props just use Schedule C. If you Inc then you’ll have to file a seperate return. And, technically, you’d have to collect sales tax for every tax zone in your home state you deal with. And file said taxes monthly or quarterly, depending on the jurisdiction’s requirements. …I was just reading a thing recently that said that the average Fortune 500 company files 1,000 sales tax returns *per month*. <shudder – Dan. | South Jersey, USA, Earth <http://users.snip.net/~darmok |
thanks I was wondering since Accounting was my major at college – Hide quoted text — Show quoted text – If you are a business to do business over ebay, how would it affect the tax form? Depends on how you form your company, but income is still income. Sole Props just use Schedule C. If you Inc then you’ll have to file a seperate return. And, technically, you’d have to collect sales tax for every tax zone in your home state you deal with. And file said taxes monthly or quarterly, depending on the jurisdiction’s requirements. …I was just reading a thing recently that said that the average Fortune 500 company files 1,000 sales tax returns *per month*. <shudder – Dan. | South Jersey, USA, Earth <http://users.snip.net/~darmok |
NO- WRONG You do not have to collect sales taxes for every out of state transaction-only those states in which you have a "physical presence"-and for most Ebayer sellers, thats the one in which they reside.
zone in your home state" See, Home state, context: eBay Sellers (this is alt.marketing.online.ebay after all). I never said you’d have to collect taxes for Every state. – Hide quoted text — Show quoted text -If you own shops in other states, yes, MAYBE you do have to pay sales tax. (but that depends on your corporate setup-a crafty lawyer can set up a separate corporation for internet sales with one location). Individuals will almost ALWAYS have one location. Taxes in those instances should be paid by the buyer. If you are a business to do business over ebay, how would it affect the tax form? Depends on how you form your company, but income is still income. Sole Props just use Schedule C. If you Inc then you’ll have to file a seperate return. And, technically, you’d have to collect sales tax for every tax zone in your home state you deal with. And file said taxes monthly or quarterly, depending on the jurisdiction’s requirements. …I was just reading a thing recently that said that the average Fortune 500 company files 1,000 sales tax returns *per month*. <shudder – Dan. | South Jersey, USA, Earth <http://users.snip.net/~darmok |
| South Jersey, USA, Earth <http://users.snip.net/~darmok |
If you are a business to do business over ebay, how would it affect the tax form?
If you are a business to do business over ebay, how would it affect the tax form?
Depends on how you form your company, but income is still income. Sole Props just use Schedule C. If you Inc then you’ll have to file a seperate return. And, technically, you’d have to collect sales tax for every tax zone in your home state you deal with. And file said taxes monthly or quarterly, depending on the jurisdiction’s requirements. …I was just reading a thing recently that said that the average Fortune 500 company files 1,000 sales tax returns *per month*. <shudder – Dan. | South Jersey, USA, Earth <http://users.snip.net/~darmok |
Accounting Talk » Financial Accounting » New to Peachtree
We have a small Mom & Pop business and our accountant suggested we invest in Peachtree to do checkbook, ledger, inventory, vendors, etc. rather that use several programs to accomplish what we want to do. However, we are having great difficulty ascending the learning curve. Is there an FAQ or group that shares ideas on Peachtree specifically? Thanks. BTW, I am writing this from another job and would appreciate anyone who cares to respond to send ideas to the following email address: Thanks, much.
We have a small Mom & Pop business and our accountant suggested we invest in Peachtree to do checkbook, ledger, inventory, vendors, etc. rather that use several programs to accomplish what we want to do. However, we are having great difficulty ascending the learning curve. Is there an FAQ or group that shares ideas on Peachtree specifically? Thanks. BTW, I am writing this from another job and would appreciate anyone who cares to respond to send ideas to the following email address: Thanks, much.
I hope you are able to get up to speed. It’s worth the effort. What version are you using? Probably Peachtree 5.0? The best resources are the news group alt.comp.software.financial.peachtree and if your ISP doesn’t carry it, they will probably be happy to add it for you. Otherwise the peachtree site is real good www.peachtree.com * Todd F. Boyle CPA http://www.GLDialtone.com/ * 9745-128th Av NE, Kirkland WA 98033 (425) 827-3107
- Hide quoted text — Show quoted text – Re: Peachtree….take my advice. Go with Quickbooks, Pro or 99. There is so little support for Peachtree products that you will tear your hair out. Both Quickbooks and Peachtree can be customized, quickbooks has the easier learning curve, and if you need support and help you CAN get it with Quickbooks. I’ve been in Peachtree hell many times.
Accounting Talk » Accounting » A Call to End Sanctions / Chomsky, Zinn, Herman, & Said
It is totally unfair to accuse the United States of
Accounting Talk » Accounting Job » ADD & MY 21 YR OLD DAUGHTER
I have a 21 year old daugther that I believe may have ADD. A couple of years ago I read an article in a magazine about a women with ADD. Never heard of this before other than younger children with hyperactivity. That’s about as far as it went – didn’t think too much about it again until three or four days ago when I decided to look on the Internet and see if I could learn more about ADD. It was a real eye opener – went to the library and read books on the subject – contacted CHADD and they’re sending information. Let me tell you about my daughter – from a small age she has been almost impossible, not where she couldn’t sit still, or was distracted easily that we ever noticed, just would never do what she was told, terrrible temper, very disruptive in our household. She was not hyperactive as a child, school never said anything, she did well, until high school. It wasn’t her grades that were bad- it was never going to class, smoking on campus, getting caught with beer in her car at football games, getting expelled. She got a small scholarship when she graduated, never a word from the school except the attendance lady said, "you’re in for a world of trouble with that one". A couple of jobs come and go – she quits, no notice, just decides she doesn’t want to go anymore. College comes and she goes for awhile drops classes and finishes a few. Goes away to college out-of-state the following semester, attends classes for a couple of months, getting all "A"’s, decides to leave school on a "wim" on a cross-country tour, never telling anyone, just goes. Worried us sick, campus security called, ABP posted in four states, finally track her down 3,000 miles away from home with the credit card she’s been using. No explanation, just bored. Credit ruined. While away at school she gotl credit cards and charged them all up on shopping sprees. Checks bounced all over town. Several parking tickets on campus. She’s back home again attending local college, quits; couple of jobs, quits, no notice. Our daughter is now sleeping late, going to the beach, partying at night – we say sorry, it’s time to go and get on with your life. Eight traffic violations in a couple of years of driving – 2 speeding tickets in 2 days, same location. We ask why she doesn’t pay attention – "I can’t". Next she has moved into an apartment with friends several miles from us, we helped with finances until she finds a job, which she did, seemed ok for awhile. Didn’t get along with roommates after couple of months, they move out, she’s on her own. She’s keeping track of her checking account, paying her bills, etc. – not for long. I talk with her everyday and found I was always reminding her of appointments, or to renew her driver’s license, getting her hair cut, pay rent . Before long she’s on a buying spree, bouncing checks everywhere, several hundreds of dollars in parking tickets, no explanation, doesn’t remember, forgot to move car. Quits her job, gets evicted from her apartment for being too loud. When I would visit her, I was helping clean, shop, laundry, look for her bills under piles of stuff, balance her checkbook. (She’s had two years of accounting). Most of the time she doesn’t record checks, she forgets. She moves to a new place, can’t get organized, we help. She’s in tears, says she’s stressed from moving. Paying close attention to her, takes her 1/2 hour to figure out what to wear to the grocery store. Can’t stay focused on any one thing too long, jumps from one task to the next. Why is she like this? I remember the article I read… After reading all I could about ADD, I call my daughter, tactfully try and tell her that she needs help and it may be possible that she has ADD. Wrong approach. She became very nasty on the phone, told me never to tell her that she has a disorder and hangs up. I’m now looking for a doctor in her area that is knowledgeable about ADD and hopefully can get through to her that she needs help. Reflecting back on all this, it makes me feel like an idiot for not realizing years sooner. Help or suggestions from anyone would be appreciated. Thanks for reading.
K, I have a daughter who has gone thru similar problems though not nearly as severe. I’m afraid this is mostly a note of sympathy as I can’t offer any easy answers. Until your daughter is motivated enough to want something that she cannot have until she gets her act together it is unlikely much of anything positive can occur. I’m not writing this to be unpleasant but here goes the bad news. Your daughter sounds very spoiled and, from what you said, you are the main spoiler. You are going to have to let her sink or she will never learn to swim. As long as you bufer her life she will nver take responsibility for herself nor will she lack for the things that might motivate her to admit she has a problem. In a perfect world Christopher Reeve would drive a Bronco and O J Simpson would be an equestrian.
K- I also have a similar daughter… and I am a similar daughter also. Since both me and my daughter have ADD, I was not able to really take care of her problem, so she had to learn techniques for caring for herself. On the other hand, my mother took care of me until I was about 30, so I’ve only had the last several years to learn how to take care of myself…. Although it is occasionally painful to let my daughter take her life into her own hands, I reflect it is easier to learn in your twenties than in your thirties… plus she will have more good years in her life left when she finally "gets" it… I have had a much better life since I pushed my caretaker mother away. I had to stay away from mom for a couple of years; now she and I are good friends and she doesn’t have to pay my bills for me, etc. We can just support each other. I have more self respect, too. I talked to my daughter about getting her diagnosed with ADD and perhaps using medication to help her in college. (She dropped out of HS and has a GED so I was very concerned when she started taking classes that it would overwhelm her.) She feels very strongly that she doesn’t want a label. For her, it is depressing to feel that she has something wrong with her. Instead, she focuses on doing the things that help her, like regular exercise, eating well, meditation, and so forth. We also both find the hunter/gatherer paradigm helpful to our self esteem. Instead of thinking of ADD as a disorder, we imagine ourselves as ancient berry-gatherers in a farmer’s world. We see ourselves as free, adventurous people and find ways to adapt to the world we live in, without condemning either the world or ourselves. Keep learning about the "disorder", it will help you understand your daughter. Respect her and love her and let her go. She will make it. Eventually. And take care of yourself and love yourself. You are obviously a concerned parent. You have done your part, now your part is just to listen and encourage her. And reflect her strengths back to her. She needs that the most. I think. I think that because that is what I need from my parents. Bye for now, Rosie