Archived posting to the Leica Users Group, 1999/07/02
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Donal: Thank you. This is good advice and info to the masses. Cheers Wilber Donal Philby wrote: > Ted Grant wrote: > > > I find it hard to believe how tax collecting would be possible without an > > enormous number of newly hired government employees (read bigger more > > expensive bureaucracy) that would cost more than the taxes collected. > Easy, Ted. Collect from sellers. This is what happens in California. > I was audited once and had a sales tax fellow in my studio for a week > and a half going over every invoice, every receipt, even FedEx records > to prove out of state sales. And he found $300 he disallowed (wonderful > word!). We also have "Use" tax, meaning that if I buy from out of state > for my business, I have to pay a "use" tax equivalent to the sales > tax. The auditor did give me one tip, however. By fluke I had always > included the phrase "use right granted upon payment in full" on the > invoice. This means the contract isn't valid and fullfilled until > payment made, so sales tax not due until paid. Without that phrase, the > sales tax would become payable upon invoicing, whether you run your > books by cash or accrual. > > And we think taking pictures is hard work. > > donal > -- > Donal Philby > San Diego > http://www.donalphilby.com