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Post by sleepingbooty on Feb 3, 2019 15:58:23 GMT
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Post by elegantsufficiency on Feb 3, 2019 16:48:32 GMT
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Post by sleepingbooty on Feb 3, 2019 17:08:14 GMT
What? The group order?
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pancakes
Pearl Clutcher
Posts: 4,993
Feb 4, 2015 6:49:53 GMT
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Post by pancakes on Feb 3, 2019 18:04:16 GMT
I don’t know about y’all, but there were so many awesome things to buy in Japan that I got analysis paralysis and didn’t end up getting enough stuff 😣 Don’t be me. I expect to see huge and awesome hauls after your trips.
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Post by elegantsufficiency on Feb 3, 2019 18:47:37 GMT
My challenge is that whatever I buy I will have to schlep around for the rest of our trip...another 4 weeks. I know. First world problem.
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Post by lasteve1 on Feb 3, 2019 21:47:57 GMT
My challenge is that whatever I buy I will have to schlep around for the rest of our trip...another 4 weeks. I know. First world problem. Would it be worth it to ship a box home?
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Post by 950nancy on Feb 3, 2019 22:40:35 GMT
I just got an email from them saying they were going to start charging sales tax for shipment to certain states. Is that going to be an all online retail thing, or just them? I didn’t get this email. There was a supreme court case that came out last summer (2018) that said states can force companies to collect sales tax even if they aren’t physically present in the state (like having an office there). So many states are changing their laws to require companies to do this. Amazon was was already collecting in all states I believe, but now smaller online retailers will have to as well. I love when tax tax questions come up on here 😊 #taxnerd I was thinking about selling some kits online. I would need to figure out tax for every state? Is there a website that has some good information for the little guy?
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Post by elegantsufficiency on Feb 3, 2019 22:41:13 GMT
Would it be worth it to ship a box home? Now that really would be dangerous lasteve1 ! I shall "be sensible" and feel thankful that the kinds of things that interest me are generally quite small and not so heavy. I imagine I will make use of some of the supplies in my travel journal too. It is an incentive to pack lightly from the start, however
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Post by Skellinton on Feb 3, 2019 23:00:47 GMT
Would it be worth it to ship a box home? Now that really would be dangerous lasteve1 ! I shall "be sensible" and feel thankful that the kinds of things that interest me are generally quite small and not so heavy. I imagine I will make use of some of the supplies in my travel journal too. It is an incentive to pack lightly from the start, however I tell you, if I ever get to Japan i would be taking clothes that I would leave behind and my suitcase would be full of Kit Kats and Disney stuff, the only thing I would be keeping that I left with would be the clothes on my back!!!
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Post by lasteve1 on Feb 4, 2019 1:36:45 GMT
I didn’t get this email. There was a supreme court case that came out last summer (2018) that said states can force companies to collect sales tax even if they aren’t physically present in the state (like having an office there). So many states are changing their laws to require companies to do this. Amazon was was already collecting in all states I believe, but now smaller online retailers will have to as well. I love when tax tax questions come up on here 😊 #taxnerd I was thinking about selling some kits online. I would need to figure out tax for every state? Is there a website that has some good information for the little guy? You mean selling kits you purchased that you didn't use? If so, then no need to collect or pay sales tax, the tax was collected and paid when you purchased it. Typically you wouldn't pay sales tax on resales of items (for example, at a garage sale or a used car from a private seller) except for a limited number of items that appreciate in value (such as expensive artwork). If you are not actually a vendor and are just trying to recoup the costs of kits/items you purchased at retail and not make a profit, then no need to worry about taxes at all. If instead you mean opening a shop to sell kits, then yes you would need to figure out sales tax. Typically if you want to open a shop you will apply for a sales tax license from your state which would give you the ability to purchase items at wholesale for resale (in contrast to paying retail rates). When you buy items at wholesale you do not pay sales tax, in addition to having a lower rate on the product itself. That is the trade off for getting to purchase items at wholesale rates, which is likely something you would want. Running a small business comes with lots of tax consequences, both sales tax and income tax, and you would need to hire a professional. If you plan to open a shop through a site like etsy, they might have resources to assist with the collection and remittance of sales tax so you don't have to do it. Realistically, I think a lot of people open shops without getting all that stuff figured out up front and probably don't do it correctly in the beginning. That's not the right way to do it and definitely not something I would advise, but if you are considering opening a shop and really have no idea if it is even feasible or if you will sell very much, it might make sense to start out that way, at least for sales tax. I would definitely advise someone who was considering opening a shop to at least figure out the income tax side of it upfront, otherwise you would likely overpay or forget to budget for things like the self-employment tax. For sales tax, this is all very new to have to remit in states that you don't have a presence in (previously you would only have had a sales tax obligation in your own state) so it is likely there will be more info out there for small businesses soon.
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Post by 950nancy on Feb 4, 2019 1:54:02 GMT
I was thinking about selling some kits online. I would need to figure out tax for every state? Is there a website that has some good information for the little guy? You mean selling kits you purchased that you didn't use? If so, then no need to collect or pay sales tax, the tax was collected and paid when you purchased it. Typically you wouldn't pay sales tax on resales of items (for example, at a garage sale or a used car from a private seller) except for a limited number of items that appreciate in value (such as expensive artwork). If you are not actually a vendor and are just trying to recoup the costs of kits/items you purchased at retail and not make a profit, then no need to worry about taxes at all. If instead you mean opening a shop to sell kits, then yes you would need to figure out sales tax. Typically if you want to open a shop you will apply for a sales tax license from your state which would give you the ability to purchase items at wholesale for resale (in contrast to paying retail rates). When you buy items at wholesale you do not pay sales tax, in addition to having a lower rate on the product itself. That is the trade off for getting to purchase items at wholesale rates, which is likely something you would want. Running a small business comes with lots of tax consequences, both sales tax and income tax, and you would need to hire a professional. If you plan to open a shop through a site like etsy, they might have resources to assist with the collection and remittance of sales tax so you don't have to do it. Realistically, I think a lot of people open shops without getting all that stuff figured out up front and probably don't do it correctly in the beginning. That's not the right way to do it and definitely not something I would advise, but if you are considering opening a shop and really have no idea if it is even feasible or if you will sell very much, it might make sense to start out that way, at least for sales tax. I would definitely advise someone who was considering opening a shop to at least figure out the income tax side of it upfront, otherwise you would likely overpay or forget to budget for things like the self-employment tax. For sales tax, this is all very new to have to remit in states that you don't have a presence in (previously you would only have had a sales tax obligation in your own state) so it is likely there will be more info out there for small businesses soon. I have a friend who does it quite successfully. It paid for her kids' college years and she still does it (13 years). I know she has complained about the way that taxes will be changing for Etsy and I just wanted to read about it before I decided how to sell.
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caangel
Drama Llama
Posts: 5,448
Location: So Cal
Jun 26, 2014 16:42:12 GMT
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Post by caangel on Feb 4, 2019 4:23:42 GMT
Would it be worth it to ship a box home? Now that really would be dangerous lasteve1 ! I shall "be sensible" and feel thankful that the kinds of things that interest me are generally quite small and not so heavy. I imagine I will make use of some of the supplies in my travel journal too. It is an incentive to pack lightly from the start, however When my mom visits her family in Asia she packs a fabric/collapsible bag/luggage inside her regular luggage to fill with gifts and shopping to bring home. For her there are always a lot of shoes to bring home since she has a hard time finding her size in the states.
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Post by lasteve1 on Feb 4, 2019 14:05:18 GMT
You mean selling kits you purchased that you didn't use? If so, then no need to collect or pay sales tax, the tax was collected and paid when you purchased it. Typically you wouldn't pay sales tax on resales of items (for example, at a garage sale or a used car from a private seller) except for a limited number of items that appreciate in value (such as expensive artwork). If you are not actually a vendor and are just trying to recoup the costs of kits/items you purchased at retail and not make a profit, then no need to worry about taxes at all. If instead you mean opening a shop to sell kits, then yes you would need to figure out sales tax. Typically if you want to open a shop you will apply for a sales tax license from your state which would give you the ability to purchase items at wholesale for resale (in contrast to paying retail rates). When you buy items at wholesale you do not pay sales tax, in addition to having a lower rate on the product itself. That is the trade off for getting to purchase items at wholesale rates, which is likely something you would want. Running a small business comes with lots of tax consequences, both sales tax and income tax, and you would need to hire a professional. If you plan to open a shop through a site like etsy, they might have resources to assist with the collection and remittance of sales tax so you don't have to do it. Realistically, I think a lot of people open shops without getting all that stuff figured out up front and probably don't do it correctly in the beginning. That's not the right way to do it and definitely not something I would advise, but if you are considering opening a shop and really have no idea if it is even feasible or if you will sell very much, it might make sense to start out that way, at least for sales tax. I would definitely advise someone who was considering opening a shop to at least figure out the income tax side of it upfront, otherwise you would likely overpay or forget to budget for things like the self-employment tax. For sales tax, this is all very new to have to remit in states that you don't have a presence in (previously you would only have had a sales tax obligation in your own state) so it is likely there will be more info out there for small businesses soon. I have a friend who does it quite successfully. It paid for her kids' college years and she still does it (13 years). I know she has complained about the way that taxes will be changing for Etsy and I just wanted to read about it before I decided how to sell. Yeah, definitely, many people open small shops successfully. But there are income and sales tax consequences that you need to prepare for. Income tax will require you to hire a bookkeeper/accountant or learn basic bookkeeping yourself. The sales tax changes are new and Etsy is probably going to provide guidance for shops on their website. But even before the changes you would’ve needed to figure out sales tax in your own state, apply for a license, etc. There are a lot of costs associated with opening a business (not just tax, but also your state‘s Dept of state likely has some requirements and forms) and it would require some research (more than I can provide for free on here) or hiring a professional.
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julie5
Pearl Clutcher
Posts: 3,611
Jul 11, 2018 15:20:45 GMT
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Post by julie5 on Feb 4, 2019 14:06:37 GMT
Anyone else notice the “inspiration” tab has disappeared from the drop down menu. They are no longer “inspiration. Delivered”. Just “delivered. Maybe. And late. “
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Post by lasteve1 on Feb 4, 2019 15:16:38 GMT
Anyone else notice the “inspiration” tab has disappeared from the drop down menu. They are no longer “inspiration. Delivered”. Just “delivered. Maybe. And late. “ This was one of the "changes" they announced in their recent email. They eliminated the gallery, except for the creative team gallery. That is now found under "kits." The eliminated the blog a little while ago. So basically now they're just an online shop, not a community. This makes me think that they are making these changes because Ali is selling more than they are now and so they are trying to model after her format... she doesn't have a gallery (outside of classrooms), she has the box ordering system and doesn't allow you to bundle just anything from the shop, she has different add-ons for each subscription, etc. But I think this is missing the point. Ali never grew her customer base because she offered community, her followers liked her style, her ideas, etc., Studio Calico doesn't have a "face" like Ali, instead they had offered "more than just a shop" because they had a community... message boards, galleries, inspiration boards, a blog, etc., and slowly they have eliminated it all. I really am not sure why because that stuff can't cost that much to run/host. I think studio calico was successful in the beginning for two reasons: (1) their products were the "gold standard" of quality; and (2) they offered a community/tons of inspiration. They fell really fall on the quality issue, but they have fixed that one (although I doubt they reacquired all the customers they lost during their fall), but now they have eliminated the community/inspiration. Maybe they will realize it's a mistake like the drop in quality and bring it back in a year?
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craftymom101
Pearl Clutcher
Posts: 3,622
Jul 31, 2014 5:23:25 GMT
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Post by craftymom101 on Feb 4, 2019 16:36:07 GMT
No more last call, either?
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Post by jennyap on Feb 4, 2019 16:48:16 GMT
Anyone else notice the “inspiration” tab has disappeared from the drop down menu. They are no longer “inspiration. Delivered”. Just “delivered. Maybe. And late. “ This was one of the "changes" they announced in their recent email. They eliminated the gallery, except for the creative team gallery. That is now found under "kits." The eliminated the blog a little while ago. So basically now they're just an online shop, not a community. [snip] Studio Calico doesn't have a "face" like Ali, instead they had offered "more than just a shop" because they had a community... message boards, galleries, inspiration boards, a blog, etc., and slowly they have eliminated it all. I really am not sure why because that stuff can't cost that much to run/host. The crazy thing is, they also said in that email that the member gallery content would continue to be available (the whole, 'save anything you want in your inspiration book while you still can' thing) so it's still there taking up server space, not even saving them them any money. You can actually still get to it if you have the link - but anyone new simply won't know it exists.
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Post by 950nancy on Feb 4, 2019 22:20:10 GMT
I have a friend who does it quite successfully. It paid for her kids' college years and she still does it (13 years). I know she has complained about the way that taxes will be changing for Etsy and I just wanted to read about it before I decided how to sell. Yeah, definitely, many people open small shops successfully. But there are income and sales tax consequences that you need to prepare for. Income tax will require you to hire a bookkeeper/accountant or learn basic bookkeeping yourself. The sales tax changes are new and Etsy is probably going to provide guidance for shops on their website. But even before the changes you would’ve needed to figure out sales tax in your own state, apply for a license, etc. There are a lot of costs associated with opening a business (not just tax, but also your state‘s Dept of state likely has some requirements and forms) and it would require some research (more than I can provide for free on here) or hiring a professional. So you are saying my friend is lying when she says it is easy to do income tax? . We already have an accountant for our personal taxes who says that our is the second thickest file she completes every year. Ugh. I have my LLC and can do it with my friend if necessary to start, but I was hoping there was a magical website that was for Dummies.
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Post by lasteve1 on Feb 4, 2019 23:09:54 GMT
Yeah, definitely, many people open small shops successfully. But there are income and sales tax consequences that you need to prepare for. Income tax will require you to hire a bookkeeper/accountant or learn basic bookkeeping yourself. The sales tax changes are new and Etsy is probably going to provide guidance for shops on their website. But even before the changes you would’ve needed to figure out sales tax in your own state, apply for a license, etc. There are a lot of costs associated with opening a business (not just tax, but also your state‘s Dept of state likely has some requirements and forms) and it would require some research (more than I can provide for free on here) or hiring a professional. So you are saying my friend is lying when she says it is easy to do income tax? . We already have an accountant for our personal taxes who says that our is the second thickest file she completes every year. Ugh. I have my LLC and can do it with my friend if necessary to start, but I was hoping there was a magical website that was for Dummies. Lol, it depends on what she means as easy, and also how your business is structured. If you’re a single member LLC your return will only have one additional form, a Schedule C, to track your income and expenses. But you will need to pay quarterly estimated taxes and calculate and pay self-employment tax along with your regular income tax. So that is relatively easy in the world of business taxes, but for most non-tax professionals it means hiring an accountant to do your taxes instead of using TurboTax, etc. Taxes in general are probably the most complicated form of law there is, so sorry, there is not a magical website for dummies. This is what I do, with a law degree and years of practice, and I constantly run across situations that I don’t know the answer to and need to research. So nope, not simple, sorry. That said, many people muck their way through and if they aren’t part of the lucky 1% that get audited, it doesn’t really matter. ETA: why are your taxes already so thick? Do you own another business? Do you have lots of rental property and investments? If you don’t have an ownership interest in a business I would say your return is very small in the range of returns, just maybe not for the tax preparer you have chosen. For reference, the returns I frequently work with are 300+ pages for the return itself, not counting the supporting receipts, and income statements (k1s, 1099s, W2s) etc.
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julie5
Pearl Clutcher
Posts: 3,611
Jul 11, 2018 15:20:45 GMT
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Post by julie5 on Feb 4, 2019 23:32:01 GMT
So you are saying my friend is lying when she says it is easy to do income tax? . We already have an accountant for our personal taxes who says that our is the second thickest file she completes every year. Ugh. I have my LLC and can do it with my friend if necessary to start, but I was hoping there was a magical website that was for Dummies. Lol, it depends on what she means as easy, and also how your business is structured. If you’re a single member LLC your return will only have one additional form, a Schedule C, to track your income and expenses. But you will need to pay quarterly estimated taxes and calculate and pay self-employment tax along with your regular income tax. So that is relatively easy in the world of business taxes, but for most non-tax professionals it means hiring an accountant to do your taxes instead of using TurboTax, etc. Taxes in general are probably the most complicated form of law there is, so sorry, there is not a magical website for dummies. This is what I do, with a law degree and years of practice, and I constantly run across situations that I don’t know the answer to and need to research. So nope, not simple, sorry. That said, many people muck their way through and if they aren’t part of the lucky 1% that get audited, it doesn’t really matter. We run our business as a corporation and we’re paid employees. And we have personal taxes, sales tax remittance, and rental income, so we pay a professional. I would guesstimate that her services cost us roughly under $1000 per year. It’s worth it to know that all the Ts get crossed. I keep the accounts at home and it’s hard enough documenting where all the money comes and goes from. I try to keep things as organized as possible for her! My husband had all this lined up when I came into the picture which is good because I would never have been able to figure it out.
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Post by joblackford on Feb 5, 2019 5:36:33 GMT
950nancy if you sell through Etsy they take care of charging the sales tax for you. Unless I have missed something (omg have I missed something? that's always my nagging fear with managing my little business!) Etsy will calculate sales tax for all the states that require them to collect it and will send it to those states on your behalf. Nothing else needs to be done.
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Post by lasteve1 on Feb 5, 2019 12:48:00 GMT
950nancy if you sell through Etsy they take care of charging the sales tax for you. Unless I have missed something (omg have I missed something? that's always my nagging fear with managing my little business!) Etsy will calculate sales tax for all the states that require them to collect it and will send it to those states on your behalf. Nothing else needs to be done. Thanks for confirming this. That’s what I thought from some of the stuff that’s gone on at my work but I wasn’t 100% sure if it was for everyone or how it was done by them because I don’t own a shop.
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Post by sleepingbooty on Feb 5, 2019 21:14:08 GMT
Happy lunar New Year, SC Refugees! 新 年 快 乐 Wishes of health, love and prosperity to you and your loved ones. May the year of the pig bring you good fortune.
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Post by hop2 on Feb 5, 2019 22:42:39 GMT
Jspan is the center of the universe for stationary items. Oh the pens, sigh The pencils sigh They take their writing implements seriously!!!
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Post by hop2 on Feb 5, 2019 22:49:29 GMT
I really love this months stamp ‘kit’ BUT I don’t want a subscription. I can’t afford the $20/month in one place. And it’s barely worth the $19 plus tax much less the $25 plus tax. It’s just stamps there aren’t even dies to cut them out so not worth $25 to me. It a shame I like that whole setbut just not within my budget at that price. And why is one simple set of stamps a ‘kit’? Similar size stamp sets would be around $25-$18 without a subscription. I made an account but then didn’t buy anything it’s just not in my budget right now. Especially if they are folding!
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Deleted
Posts: 0
May 4, 2024 10:13:41 GMT
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Post by Deleted on Feb 5, 2019 23:39:39 GMT
I really love this months stamp ‘kit’ BUT I don’t want a subscription. I can’t afford the $20/month in one place. And it’s barely worth the $19 plus tax much less the $25 plus tax. It’s just stamps there aren’t even dies to cut them out so not worth $25 to me. It a shame I like that whole setbut just not within my budget at that price. And why is one simple set of stamps a ‘kit’? Similar size stamp sets would be around $25-$18 without a subscription. I made an account but then didn’t buy anything it’s just not in my budget right now. Especially if they are folding! I agree its not a kit! You get the digital of the stamp as well if you sub, which is sold separately in the shop for $4.99 and you also have access to a "class" showing how to use the stamp. In the good ole days, the inspiration would have been free. I've had my sub for over 18 mths now and I was planning to drop, as 50+% of the time I didn't like the stamp. The last couple of ones have been ok and I sold one for the 1st time ever last mth....so I think for now will hang on, but the minute the designs go south again will bail. They seem to have decent designs at the beginning of the year and then they tail off. The really yuk designs, even on the resale market at $10, they don't sell. I've managed to skip the designs I truly despised by the skip the mth option
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Post by 950nancy on Feb 6, 2019 0:50:56 GMT
950nancy if you sell through Etsy they take care of charging the sales tax for you. Unless I have missed something (omg have I missed something? that's always my nagging fear with managing my little business!) Etsy will calculate sales tax for all the states that require them to collect it and will send it to those states on your behalf. Nothing else needs to be done. Good to know, thanks!
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Deleted
Posts: 0
May 4, 2024 10:13:41 GMT
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Post by Deleted on Feb 6, 2019 1:12:57 GMT
Omg I cracked up. AF did an ig story on the 4 new stamps ....she held them up and the stamps were all back to front in their sleeves,so you can't read them. Classic . Detail fail again!!!!
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Post by lasteve1 on Feb 6, 2019 12:43:07 GMT
Omg I cracked up. AF did an ig story on the 4 new stamps ....she held them up and the stamps were all back to front in their sleeves,so you can't read them. Classic . Detail fail again!!!! It’s because she uses the rear-facing camera for selfies and that mirror images everything. She didn’t even bother to look and fix it? Smh.
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Post by anniefb on Feb 6, 2019 16:54:41 GMT
Omg I cracked up. AF did an ig story on the 4 new stamps ....she held them up and the stamps were all back to front in their sleeves,so you can't read them. Classic . Detail fail again!!!! Good grief!
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