[Jewelry making - Article 00309] - Re: [Orchid] Wholesale Companies

[M'lou Brubaker]

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    Jenny, I agree with everything you said. It can be hard to stand out
    in a field under a temporary shelter and stand up to a pushy customer
    who questions my collecting sales tax from them, but I don't mind.
    They owe it to the state, it's the law, so I collect it. 

    Besides, if I hid cash sales, how would I ever know how I am doing
    in my business? It would be hard to track expenses V.S. income if I
    did not accurately record my income!  What would you do, keep double
    books? Noooo, don't go there! I like to know how my business is
    doing, how this year's sales are comparing to last year's,  what
    percentage of sales I am paying for show expenses, and so on. 

    Some crafter friends of ours, who for years talked about their big
    declared expenses, got audited a couple of years ago. All of a
    sudden the advice of their smart accountant to pad their expenses
    every way possible in order to get the biggest deductions did not
    seem like such a good idea any more. The IRS got them big time, going
    back several years, and charging penalties. Their story made me so
    glad that I do things right. Besides, I like good roads and schools
    in my state! -- M'lou Brubaker, Jeweler Goodland, MN 
    www.craftswomen.com


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