Vendors new internet sales tax

theDreamer · 05-10-2013, 09:00 AM

Even if this does pass, it will be probably 6 months to a year before they can even think of enforcing it. Add on top of that someone will sue which will delay it even longer.
I estimate a minimum of 2 years before this could even begin, add on top of that the IRS will want to meddle with this and we all know that will screw it even more.

Chuck33079 · 05-10-2013, 09:20 AM

Quote:

Originally Posted by Mike

It might be time to retire from powdercoating if its going to be that much of a hassle.

Can you hold off on that for a few months? I was planning on sending you my calipers when it's time to deal with my brakes.

kenchan · 05-21-2013, 05:23 PM

Quote:

Originally Posted by jlo370z

now that the government seems to want to tax us more, and change the way we do business, im wondering how will this have an impact on how you do business, or whom you do business with?

doesnt change anything for me because i pay use tax every year. been doing that for several years now because i buy tens of thousands every year from out of state (not just car stuff, house stuff too).

if local shops have the parts i want, in-stock immediately available, then they have no issue winning my business, but 99% of the time none of them do. they end up ordering it from their distributor which make no benefit to me vs buying from an online store at a lower competitive price.

i pay the basic sales tax if i buy online which is much lower than the local sales tax the shops are located. so it's still a win/win for me.

122554 · 05-21-2013, 06:23 PM

My reply to our government!

Joe@ZSpeed · 10-17-2013, 06:48 PM

Quote:

Originally Posted by Mike

Screw that. I can be a junior captain at the airline instead of a senior first officer and make 95% of what I make with the two jobs. It might be time to retire from powdercoating if its going to be that much of a hassle.

I think we're OK Mike

Marketplace Fairness Act Questions and Answers

Question: Will small businesses be protected from these new requirements?

Yes.

Online sellers with less than $1,000,000 in remote sales annually will be exempt from collection requirements. Remote sales are sales to customers in states where the seller does not already have a physical presence.

dmhenderson · 11-01-2013, 10:51 AM

Basically, this amounts to the government wanting a piece of major online retailers like amazon and best buy.

DEpointfive0 · 11-01-2013, 11:51 AM

Quote:

Originally Posted by Mike

95% of my customers are mail order with my powdercoating. I don't think it will affect their decision to use me, but its going to be a nucking fightmare to figure out how to pay sales tax to all of the states. I use paypal for my credit card processing as well as regular paypal payments, so I'm hoping they will offer an integrated solution. Its a pain enough having to file georgia sales tax.

You pay tax on that? God bless your soul Mike

( Click to show/hide )

Mike · 11-01-2013, 11:54 AM

I'm well in the 6 figures in revenue, have to keep it on the up and up. I do write off my car and track expenses as advertising though.

DEpointfive0 · 11-01-2013, 12:03 PM

Quote:

Originally Posted by Mike

I'm well in the 6 figures in revenue, have to keep it on the up and up. I do write off my car and track expenses as advertising though.

Lol, good

Any business I own will operate at a loss, unless I hit 500k net. And by that time, 500k net will mean 1M, lol

Chuck33079 · 11-01-2013, 12:06 PM

Quote:

Originally Posted by DEpointfive0

Lol, good

Any business I own will operate at a loss, unless I hit 500k net. And by that time, 500k net will mean 1M, lol

For two years. Gotta show a profit in the third, unless you want it to be declared a hobby and have your business deductions disallowed for the previous years.

DEpointfive0 · 11-01-2013, 12:13 PM

Quote:

Originally Posted by Chuck33079

For two years. Gotta show a profit in the third, unless you want it to be declared a hobby and have your business deductions disallowed for the previous years.

Change the name of the corporation every 2 years, bam done. You forgot I'm the bastard Iranian, lol

Chuck33079 · 11-01-2013, 12:15 PM

Quote:

Originally Posted by DEpointfive0

Change the name of the corporation every 2 years, bam done. You forgot I'm the bastard Iranian, lol

As long as you're getting a new tax ID every two years you might be ok.

Mike · 11-01-2013, 12:23 PM

Once I upgrade to Captain at the airline in a year or two, I plan on scaling back about 80-90% and only doing business for the shops that I currently do work for, and operating at a loss for a few years. Been doing two full time jobs for 7 years now, and its getting old.

osbornsm · 11-08-2013, 11:28 AM

Quote:

Originally Posted by Mike

Been doing two full time jobs for 7 years now, and its getting old.

So you'll be powdercoating full time now !!!

And i wonder if they're gonna tax mail order brides too.... hmmm...
<discuss>

05-10-2013, 09:00 AM	#16 (permalink)
theDreamer A True Z Fanatic Join Date: Feb 2009 Location: Texas Posts: 30,879 Drives: 370z Rep Power: 4210	Even if this does pass, it will be probably 6 months to a year before they can even think of enforcing it. Add on top of that someone will sue which will delay it even longer. I estimate a minimum of 2 years before this could even begin, add on top of that the IRS will want to meddle with this and we all know that will screw it even more. __________________ theDreamer's Z // Fast Intentions // Uprev // GTM // HKS // TEIN theDreamer's Silvia // URAS // GREDDY Houston Zs // Facebook // Twitter // Instagram

11-01-2013, 10:51 AM	#21 (permalink)
dmhenderson A True Z Fanatic Join Date: Feb 2011 Location: Maryland Posts: 5,930 Drives: AWD TT 370z Rep Power: 26	Basically, this amounts to the government wanting a piece of major online retailers like amazon and best buy. __________________

11-01-2013, 11:54 AM	#23 (permalink)
Mike The370Z.com Sponsor Join Date: Jun 2009 Location: Loganville, GA Posts: 5,944 Drives: 370z Rep Power: 2186	I'm well in the 6 figures in revenue, have to keep it on the up and up. I do write off my car and track expenses as advertising though. DEpointfive0 likes this. __________________ NISSAN: 75 280Z / 86 300ZX GLL /87 Sentra SE / 03 350Z / 23 Z Porsche: 93 968 / 23 Macan GTS / 93 968

11-01-2013, 12:23 PM	#28 (permalink)
Mike The370Z.com Sponsor Join Date: Jun 2009 Location: Loganville, GA Posts: 5,944 Drives: 370z Rep Power: 2186	Once I upgrade to Captain at the airline in a year or two, I plan on scaling back about 80-90% and only doing business for the shops that I currently do work for, and operating at a loss for a few years. Been doing two full time jobs for 7 years now, and its getting old. __________________ NISSAN: 75 280Z / 86 300ZX GLL /87 Sentra SE / 03 350Z / 23 Z Porsche: 93 968 / 23 Macan GTS / 93 968

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