- Joined
- Mar 19, 2014
- Messages
- 2,681
Time for a tea party!
Yep, 30 years ago I did sort of the same thing at my shop. The city decided to audit me because I wasn’t paying a lot on sales taxes...so some city CPA came over and wanted my records. I cleared my desk and gave him boxes of receipts. He spent a week in my office going through boxes and pressing buttons on an adding machine. Also...fortunately for me it was raining for a few days so the leaky roof added to the whole thing. That office was a disaster.That reminds me of a scrap dealer in a town not far from me. He also had a welding shop and was an ornery old cuss. It came to pass that the state decided to audit him. When he didn't show up, they came to his shop and demanded that he go through all his records. He brought down several grocery bags stuffed with receipts, invoices, and the like and put them on the table. Then he threw down a set of keys and said "Here are the papers. Lock up when you leave. I'm going fishing." The tax men tried to go through the papers and finally gave up and left.
Unfortunately... the government has been using the war on drug laws to clamp down on money laundering. It’s almost impossible to even cash a 5,000 dollar check drawn on ones own account. You must jump through multiple hoops. And God help you if you live in one of those rural areas and get pulled over on the way home while carrying 5k in cash on you. Some overzealous cop can seize that cash under these Drug War laws. You’re going to spend the next ear trying to get your cash back..Now days, they will add an extra fine for not keeping proper records.
Our tax accountant advised us to pay sales tax on shipping (Wisconsin). It's a sales and use tax; 5.5% at the moment but due to go up.Sales tax on eBay purchases is bad enough but in Washington State we get to pay sales tax on the shipping as well.
That is something that had me wondering, does the other sites like allibaba, or what ever, have to collect the sales tax? I think they are based in china. This could give foreign companies and even more advantage over US businesses.I pay sales tax on stuff shipped from China too.