Scrollsaw Workshop Community -Please register to enable posting.
General Category => General Scroll Saw Talk => Topic started by: GrayBeard on December 11, 2010, 04:37:19 pm
-
Last Saturday I did a local Band Booster show and sold just over $100 in 'stuff'.
This Saturday I get a letter from the State Of Missouri, Collector of Revenue telling me I have 14 days to pay the Sales Tax on my Gross Sales!
So much for being involved in a 'cottage industry'!
Watch Out...Big Brother is EVERYWHERE and he is BROKE!
~~~GrayBeard~~~
-
Wow GB, What a bummer! At The Wood art show I did at the Woodcraft store last Saturday, the items were rung up through the store and sales tax was also collected, so I didn't need to worry about that. Unfortunate the store is taking a 20% cut!
-
You should be able to get a interest free loan from the Government to pay that over 20 years.
-
That is just one of the reasons I don't do shows or flea markets. 8)
-
They are tough here as well that is if they can catch you, the IRD hang around the big fairs or the one that run on a weekly basis, if I had to pay GST I would cart it and give my stuff away as I wouldn't make any money
Jimbo
-
That's kinda why I like the consignment places. Yes, you pay a percentage but they collect the taxes. You still have to show the net sales but not the tax. It also works out sometimes as a business loss because you are selling for less that you otherwise would have.
-
If I do something like that, it will be in an yard sale type environment. The State really does not police it. Dave 8) P.S. As of yet!
-
Dave i'm with you on that yeah sale your stuff in a yard sale is better that way you can keep all the money and charge what ever you want just don't take checks Just cash only LOL....