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#81
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WHY CONTRACTORS COST WHAT THEY DO
"JoeSpareBedroom" wrote in message ... "Steve B" wrote in message news "JoeSpareBedroom" wrote The weight - that's a clue. There was a stupid deduction for big trucks - not sure if it was phased out. The law was purchased by the auto industry. There may still be remnants of it. Just got back from the tax lady. IRS Section 179 governs this, and it is in full force and effect. It is not a new law, either. Of these things I am "sure." Steve OK. I'm vague on this, but there was chatter about changing the tax law, eliminating vehicles which are clearly recreational, only purchased by neurosurgeons for their children. Like Hummers. It was the subject of lots of buzz last year, when gas prices were ramping up. That is why it is a good thing to go to a pro when you want reliable advice. We only talk things here, and that from our memories. Mine is full of holes, and not reliable. And I'm probably in the upper half. Steve |
#82
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WHY CONTRACTORS COST WHAT THEY DO
On Thu, 15 Feb 2007 22:41:06 GMT, "JoeSpareBedroom"
wrote: "Steve B" wrote in message news "JoeSpareBedroom" wrote The weight - that's a clue. There was a stupid deduction for big trucks - not sure if it was phased out. The law was purchased by the auto industry. There may still be remnants of it. Just got back from the tax lady. IRS Section 179 governs this, and it is in full force and effect. It is not a new law, either. Of these things I am "sure." Huh.. lookit that. It may be "not a new law', but's it's newer than my 3/4s of a BS in accounting. OK. I'm vague on this, but there was chatter about changing the tax law, eliminating vehicles which are clearly recreational, only purchased by neurosurgeons for their children. Like Hummers. It was the subject of lots of buzz last year, when gas prices were ramping up. You mean this part: ====================== You cannot elect to expense more than $25,000 of the cost of any heavy sport utility vehicle (SUV) and certain other vehicles placed in service in 2005. This rule applies to any 4-wheeled vehicle primarily designed or used to carry passengers over public streets, roads, or highways, that is rated at more than 6,000 pounds gross vehicle weight and not more than 14,000 pounds gross vehicle weight. However, the $25,000 limit does not apply to any vehicle: Designed to seat more than nine passengers behind the driver's seat, Equipped with a cargo area (either open or enclosed by a cap) of at least six feet in interior length that is not readily accessible from the passenger compartment, or That has an integral enclosure fully enclosing the driver compartment and load carrying device, does not have seating rearward of the driver's seat, and has no body section protruding more than 30 inches ahead of the leading edge of the windshield. ======================== The exceptions appear to be aimed at school busses, box trucks, and commercial cargo vans. |
#83
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WHY CONTRACTORS COST WHAT THEY DO
"Goedjn" wrote in message ... On Thu, 15 Feb 2007 22:41:06 GMT, "JoeSpareBedroom" wrote: "Steve B" wrote in message news "JoeSpareBedroom" wrote The weight - that's a clue. There was a stupid deduction for big trucks - not sure if it was phased out. The law was purchased by the auto industry. There may still be remnants of it. Just got back from the tax lady. IRS Section 179 governs this, and it is in full force and effect. It is not a new law, either. Of these things I am "sure." Huh.. lookit that. It may be "not a new law', but's it's newer than my 3/4s of a BS in accounting. OK. I'm vague on this, but there was chatter about changing the tax law, eliminating vehicles which are clearly recreational, only purchased by neurosurgeons for their children. Like Hummers. It was the subject of lots of buzz last year, when gas prices were ramping up. You mean this part: ====================== You cannot elect to expense more than $25,000 of the cost of any heavy sport utility vehicle (SUV) and certain other vehicles placed in service in 2005. This rule applies to any 4-wheeled vehicle primarily designed or used to carry passengers over public streets, roads, or highways, that is rated at more than 6,000 pounds gross vehicle weight and not more than 14,000 pounds gross vehicle weight. However, the $25,000 limit does not apply to any vehicle: Designed to seat more than nine passengers behind the driver's seat, Equipped with a cargo area (either open or enclosed by a cap) of at least six feet in interior length that is not readily accessible from the passenger compartment, or That has an integral enclosure fully enclosing the driver compartment and load carrying device, does not have seating rearward of the driver's seat, and has no body section protruding more than 30 inches ahead of the leading edge of the windshield. ======================== The exceptions appear to be aimed at school busses, box trucks, and commercial cargo vans. My Bubba truck has the short bed, which is 6.5 feet inside. I guess it qualifies. Steve |
#84
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
yeah, taxpayer subsidies. Real nice. Abuse the grey areas of the law, but
then again the loopholes were placed there to be used. Now if congress would get off their collective butts and repeal the AMT! "Steve B" wrote in message ... "Goedjn" wrote in message ... On 14 Feb 2007 19:18:20 -0800, "Shaun Eli" wrote: Steve, there are a lot of books written that claim you can reduce or eliminate your tax liability, and sometimes the authors of those books go to jail. Simply put, a business expense is a business expense if it's genuinely used for business. About the only way you could legitimately write off most of your restaurant meals is if you're a food critic. If you don't use your truck 100% for business, you can write off only the percentage of it that's business use-- and there are, I believe, a couple of ways to do that. But you can't simply say "Gee, since occasionally I drive around to inspect the properties I own, my truck is 100% deductible." You wouldn't be allowed to deduct the whole thing in one year, anyway. I'd have to look it up, but I'm pretty sure that vehicals depreciate over either 5 or 7 years. I thought so, too. But last week, when we met, the CPA asked questions about this previous year. One was if we had purchased a business vehicle that was over 6,000# in weight. I, too, expected it to be depreciated. We paid cash, so maybe that is the difference. As I said, we are leaving in an hour or so to go pick up the papers, and I shall ask. Perhaps it may help someone with their tax burden this year. That is, IF anyone here (excluding the few open minded individuals we already know) are interested in paying less in taxes. Legally, and not by evading, or doing anything that the IRS would not normally allow. Just the facts, Maam. And nothing against you, (for I know you are an above average intelligence poster based on your past posts) but I hate words like, "should", and "I'm pretty sure", and "maybe", especially when applied in financial, medical, or critical situations. I'll post this evening after my appointments are completed. Taxes ..... business ....... doctor ........ Oh, yeah. I may take my CPA to lunch. Business, you know ............... ;-) Steve |
#85
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
"Nathan" wrote in message ... yeah, taxpayer subsidies. Real nice. Abuse the grey areas of the law, but then again the loopholes were placed there to be used. Now if congress would get off their collective butts and repeal the AMT! Come on, you whining piece of dog excrement. Come up with some logical arguments based in case law and statute. Admit it. You have no clue as to how things work. All you can do is spout generalities about "loopholes", "grey areas", and "ifs". Just keep to the facts, and join the ongoing conversation. And, oh, yeah, please stick to the conversation instead of taking off on three dimensional tangents. Steve |
#86
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WHY CONTRACTORS COST WHAT THEY DO
haha too bad I don't give a damn about what you say. You show your low
level of education by trying to attack people that don't agree with you. This country is based on freedom, go back to your communist homeland. It sounds like you could use a good IRS audit to put you in your place. "Steve B" wrote in message ... "Nathan" wrote in message ... yeah, taxpayer subsidies. Real nice. Abuse the grey areas of the law, but then again the loopholes were placed there to be used. Now if congress would get off their collective butts and repeal the AMT! Come on, you whining piece of dog excrement. Come up with some logical arguments based in case law and statute. Admit it. You have no clue as to how things work. All you can do is spout generalities about "loopholes", "grey areas", and "ifs". Just keep to the facts, and join the ongoing conversation. And, oh, yeah, please stick to the conversation instead of taking off on three dimensional tangents. Steve |
#87
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
"Nathan" wrote in message ... haha too bad I don't give a damn about what you say. You show your low level of education by trying to attack people that don't agree with you. This country is based on freedom, go back to your communist homeland. It sounds like you could use a good IRS audit to put you in your place. Too bad that your posts show your low level of education, also. Such as your use of poor punctuation, grammar and capitalization. I did go get my final taxes. I prepaid $7800 on January first, anticipating that tax load. When I finally got the 32 page return, I had overpaid nearly $3,000. My CPA also only charged me $975 for doing the return instead of a higher anticipated cost. I am not worried about an audit. My CPA is an ex-IRS employee, and does everything by the book. Her bond and our professional contract insures that she would bear the cost of any mistakes she makes. I wish you well with your "engineer" career. You're going to need it with your attitude. But, then, most engineers I have known have very poor social skills, and ate lunch by themselves in a corner. So close minded that they were social cripples. Your comments on this country and your comments on others leads me to believe that you are very uneducated about social studies and current events. It also leads me to believe that you are somewhat of a racist. You take care. And I hope you get to move out of your folks house soon. Bye bye. Plonk. Steve |
#88
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
"Steve B" wrote in message ... "Nathan" wrote in message ... haha too bad I don't give a damn about what you say. You show your low level of education by trying to attack people that don't agree with you. This country is based on freedom, go back to your communist homeland. It sounds like you could use a good IRS audit to put you in your place. Too bad that your posts show your low level of education, also. Such as your use of poor punctuation, grammar and capitalization. I did go get my final taxes. I prepaid $7800 on January first, anticipating that tax load. When I finally got the 32 page return, I had overpaid nearly $3,000. My CPA also only charged me $975 for doing the return instead of a higher anticipated cost. I am not worried about an audit. My CPA is an ex-IRS employee, and does everything by the book. Her bond and our professional contract insures that she would bear the cost of any mistakes she makes. I wish you well with your "engineer" career. You're going to need it with your attitude. But, then, most engineers I have known have very poor social skills, and ate lunch by themselves in a corner. So close minded that they were social cripples. Your comments on this country and your comments on others leads me to believe that you are very uneducated about social studies and current events. It also leads me to believe that you are somewhat of a racist. You take care. And I hope you get to move out of your folks house soon. FWIW, I get audited every 3 years whether I need it or not. I have *NEVER* had an audit come out where I owed the government money, they always owe me a hundred bucks or so. You got raped by your CPA.... When I have my taxes done, I show up with a folder with my 1099s, W-2s, and a floppy disk. I pay around $100 to get mine done. Too bad your salary is so low... we can't help it if you don't get paid enough. *most* of us that are owners/techs get 3-5 credit hours of continuing education every year. If your tech is not getting this additional training and education, then you might look for one that IS getting it. |
#89
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
"Noon-Air" wrote in message . .. "Steve B" wrote in message ... "Nathan" wrote in message ... haha too bad I don't give a damn about what you say. You show your low level of education by trying to attack people that don't agree with you. This country is based on freedom, go back to your communist homeland. It sounds like you could use a good IRS audit to put you in your place. Too bad that your posts show your low level of education, also. Such as your use of poor punctuation, grammar and capitalization. I did go get my final taxes. I prepaid $7800 on January first, anticipating that tax load. When I finally got the 32 page return, I had overpaid nearly $3,000. My CPA also only charged me $975 for doing the return instead of a higher anticipated cost. I am not worried about an audit. My CPA is an ex-IRS employee, and does everything by the book. Her bond and our professional contract insures that she would bear the cost of any mistakes she makes. I wish you well with your "engineer" career. You're going to need it with your attitude. But, then, most engineers I have known have very poor social skills, and ate lunch by themselves in a corner. So close minded that they were social cripples. Your comments on this country and your comments on others leads me to believe that you are very uneducated about social studies and current events. It also leads me to believe that you are somewhat of a racist. You take care. And I hope you get to move out of your folks house soon. FWIW, I get audited every 3 years whether I need it or not. I have *NEVER* had an audit come out where I owed the government money, they always owe me a hundred bucks or so. You got raped by your CPA.... When I have my taxes done, I show up with a folder with my 1099s, W-2s, and a floppy disk. I pay around $100 to get mine done. Too bad your salary is so low... we can't help it if you don't get paid enough. *most* of us that are owners/techs get 3-5 credit hours of continuing education every year. If your tech is not getting this additional training and education, then you might look for one that IS getting it. My return was 32 pages long, with special pages for interest income, dividend income, royalty and rental income, and many for deductions. My salary is purposely low because I get other things instead that I would normally have to pay for with after tax dollars. Like fuel, meals, a new truck, travel, "safety equipment", and other things that are deductible. My salary is also low because I am 58 and fully retired. I enjoy a good income, although it does not show on paper. I believe $975 to my ex-IRS agent CPA to have me pay $4,800 taxes on $180k gross was worth it. Steve |
#90
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
Check this out and I am paying my CPA $3000.00/ year http://blog.myspace.com/tony1938 "Steve B" wrote in message ... "Nathan" wrote in message ... haha too bad I don't give a damn about what you say. You show your low level of education by trying to attack people that don't agree with you. This country is based on freedom, go back to your communist homeland. It sounds like you could use a good IRS audit to put you in your place. Too bad that your posts show your low level of education, also. Such as your use of poor punctuation, grammar and capitalization. I did go get my final taxes. I prepaid $7800 on January first, anticipating that tax load. When I finally got the 32 page return, I had overpaid nearly $3,000. My CPA also only charged me $975 for doing the return instead of a higher anticipated cost. I am not worried about an audit. My CPA is an ex-IRS employee, and does everything by the book. Her bond and our professional contract insures that she would bear the cost of any mistakes she makes. I wish you well with your "engineer" career. You're going to need it with your attitude. But, then, most engineers I have known have very poor social skills, and ate lunch by themselves in a corner. So close minded that they were social cripples. Your comments on this country and your comments on others leads me to believe that you are very uneducated about social studies and current events. It also leads me to believe that you are somewhat of a racist. You take care. And I hope you get to move out of your folks house soon. Bye bye. Plonk. Steve |
#91
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WHY CONTRACTORS COST WHAT THEY DO
"DIDO" wrote in news:dKGBh.261$5F5.120@trnddc02:
http://blog.myspace.com/tony1938 This is one response to your claim of unfair taxation. Maybe you should read it again.... Assuming that there is 25% penalty and interest there, your $18,000 of tax is a total of $300,000 in sales. If the penalty and interest are 50%, you're looking at $12,000 in tax and $200,000 in sales. In either case, one would think you'd be extremely careful about the dotting of the I's and the crossing of the T's. I suspect there is more to the story than you are presenting here. In any event, bitching about your problems here won't help. Consult a local CPA, EA or attorney about resolving your issues. Then get solid accounting procedures in place to prevent this from repeating itself in the future. -- Paul Thomas, CPA -- Respectfully, Bob |
#92
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
"DIDO" wrote
Check this out and I am paying my CPA $3000.00/ year http://blog.myspace.com/tony1938 I find it VERY hard to believe the government is picking on you. You had income that you didn't pay taxes on. If your story held any water, and your customers were to blame for with-holding monies and falsely claiming tax excempt status, if this were true, you'd be off the hook, or at the very least, they'd be in hot water too. No, I suspect the taxman has his OWN version of the story, quite different than yours! You want to live in America and reap the benifits of their infrastructure, roads, sewers, waterlines,bridges, police and fire protection, military shield, etc...etc..., then you have to pay your fair share like everyone else...of course, you could always go back home where life is so much better and more fair! -- Respectfully, Bob |
#93
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WHY CONTRACTORS COST WHAT THEY DO
DIDO inspired greatness with:
Check this out and I am paying my CPA $3000.00/ year http://blog.myspace.com/tony1938 No entity is tax-exempt from the labor you provide. |
#94
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WHY CONTRACTORS COST WHAT THEY DO
"Shinola" wrote in message ... DIDO inspired greatness with: Check this out and I am paying my CPA $3000.00/ year http://blog.myspace.com/tony1938 No entity is tax-exempt from the labor you provide. Really?? Are you absolutely sure about that?? |
#95
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WHY CONTRACTORS COST WHAT THEY DO
"DIDO" wrote Check this out and I am paying my CPA $3000.00/ year http://blog.myspace.com/tony1938 Wouldn't hurt to pay a few bucks for an English teacher and proofreader also. |
#96
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
Interesting story Dido
Bob "DIDO" wrote in message news:dKGBh.261$5F5.120@trnddc02... Check this out and I am paying my CPA $3000.00/ year http://blog.myspace.com/tony1938 "Steve B" wrote in message ... "Nathan" wrote in message ... haha too bad I don't give a damn about what you say. You show your low level of education by trying to attack people that don't agree with you. |
#97
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
Here, if they cannot provide me with an exemption letter from the state tax
commission, they get charged sales tax. The only exemptions I have gotten so far have been a couple of churches, and government agencies. "Steve Scott" wrote in message news Depends on your state's laws. And whether they can provide an exempt purchase certificate. On Sat, 17 Feb 2007 16:26:35 -0600, Shinola wrote: DIDO inspired greatness with: Check this out and I am paying my CPA $3000.00/ year http://blog.myspace.com/tony1938 No entity is tax-exempt from the labor you provide. -- One should not act and speak as if one were asleep. |
#98
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WHY CONTRACTORS COST WHAT THEY DO
"Steve Scott" wrote in message news Depends on your state's laws. And whether they can provide an exempt purchase certificate. Sounds like things that a good contractor would learn on the path to becoming a contractor. Steve |
#99
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
"Steve Scott" wrote in message news Depends on your state's laws. And whether they can provide an exempt purchase certificate. Some do but state say it is not valid according they findings so what don't you go after them, hell no it is much easer getting it from you because they don't want to deal with corporate lawyers and they know if you hire one it will cost you much more Let me give you another example how some of things works in this state of New Jersey. Home Depot appliance store you go there and you purchase let say stove. store will charge you for delivery, the charge for delivery is sales tax exempt. but if you charge for delivery of you service to your customer that is not exempt from sales tax so the service contractor becomes second class citizen and must pay user tax on delivery charges. I know that most of you guys don't charge for service delivery but in my line of work we do charge per mile because always distance is involve. when you think about it, it is some what funny your vehicle and maintenance is IRS tax deductible but your state user/sales tax it is not. another scenario trucker can purchase truck with sales tax exempt but we can not purchase our service van without paying sales or user tax on it. gentlemen there is lots of problems in our system. and I am not knocking our country down but it definitely needs some upgrade and yes you guys can make the change if you keep sending legislature Email every day not for me I am 68 years old I don't give heck one or the other but the way they screwed me I will not take it laying down! On Sat, 17 Feb 2007 16:26:35 -0600, Shinola wrote: DIDO inspired greatness with: Check this out and I am paying my CPA $3000.00/ year http://blog.myspace.com/tony1938 No entity is tax-exempt from the labor you provide. -- One should not act and speak as if one were asleep. |
#100
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WHY CONTRACTORS COST WHAT THEY DO
On 14 Feb 2007 13:04:22 -0800, "james" wrote:
When you can buy and install the components for $2500 that a contractor normally charges over $10,000 for then the economics will shift an increasing portion of HVAC to DIY. (Throw in $1000 for misc. tools and supplies and it's still a huge savings). The next phase will be when a manufacturer steps up and offers simple lineset connections and strikes a deal with Home Depot and Lowes. (ie precharged/no brazing needed) In this thread contrractors do indeed need to make a living and what they charge is the going rate. As a consumer I try to do as much as I can as my income was always modest and every dollar counts. This NG is an excellent forum to discuss and to evaluate if I can do the job myself. The only subject I won't DIY is gas installations. But anything that doesn't require fiddling with the gas supply and connections itself is easy enough to do. The argument here is its a natural conflict between the consumer and the contractor that each needs to get the best bang for his buck. As manufacturers improve their products for DIY consumers (1) contractors will have to raise their prices for what work there remains. No one should get hot under the collar when a contractor quotes a price way out of what the consumer thinks it is worth. The alternative is learn to do it yourself or get a friend to help out. If its something that you cannot do, for example pour concrete, then you have to pay the going rate. (1) A excellent example of changing economics is computers and their peripherals which are fairly big ticket items. But who repairs them any more? Just a very few such business are left and their bread and butter is mostly board and parts swapping for which they have to charge rates that often make it worthwhile to just buy a new and better unit. |
#101
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WHY CONTRACTORS COST WHAT THEY DO
On Sun, 18 Feb 2007 19:39:55 -0500, Steve Scott
wrote: Dang, Dido, but it's hard to make sense out of what you're trying to say, but I'll give it a go. On Sun, 18 Feb 2007 20:13:54 GMT, "DIDO" wrote: "Steve Scott" wrote in message news Depends on your state's laws. And whether they can provide an exempt purchase certificate. Some do but state say it is not valid according they findings so what don't you go after them, hell no it is much easer getting it from you because they don't want to deal with corporate lawyers and they know if you hire one it will cost you much more Let me give you another example how some of things works in this state of New Jersey. Home Depot appliance store you go there and you purchase let say stove. store will charge you for delivery, the charge for delivery is sales tax exempt. but if you charge for delivery of you service to your customer that is not exempt from sales tax so the service contractor becomes second class citizen and must pay user tax on delivery charges. You don't pay the tax, your clients do. HD is delivering a product, I'm not sure what business you're in other than it's not HVAC, but presumably it's some sort of service field. If that's the case you're providing a service vs a product. I know that most of you guys don't charge for service delivery but in my line of work we do charge per mile because always distance is involve. when you think about it, it is some what funny your vehicle and maintenance is IRS tax deductible but your state user/sales tax it is not. Unless you have a completely incompetent accountant sales tax you collect from you clients and pass along to your state is deductible from your business gross sales. another scenario trucker can purchase truck with sales tax exempt but we can not purchase our service van without paying sales or user tax on it. So, there's another expense you have to pass along. gentlemen there is lots of problems in our system. and I am not knocking our country down but it definitely needs some upgrade and yes you guys can make the change if you keep sending legislature Email every day not for me I am 68 years old I don't give heck one or the other but the way they screwed me I will not take it laying down! I don't think it fair that every owner of a vehicle has to pay sales tax on it. By that I mean, every time a specific vehicle is sold, first as new and then every subsequent sale as a used vehicle, the new purchaser must pay sales tax on it. I don't think it's fair I have to pay sales tax on state and federal taxes on tires, or fuel, or any one of probably hundreds of items that have sales tax charged on other taxes. That's life. And it's not a problem with the country, it's a problem with your state. Gotta blame the right people. |
#102
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WHY CONTRACTORS COST WHAT THEY DO
"Steve Scott" wrote in message news Dang, Dido, but it's hard to make sense out of what you're trying to say, but I'll give it a go. On Sun, 18 Feb 2007 20:13:54 GMT, "DIDO" wrote: "Steve Scott" wrote in message news Depends on your state's laws. And whether they can provide an exempt purchase certificate. Some do but state say it is not valid according they findings so what don't you go after them, hell no it is much easer getting it from you because they don't want to deal with corporate lawyers and they know if you hire one it will cost you much more Let me give you another example how some of things works in this state of New Jersey. Home Depot appliance store you go there and you purchase let say stove. store will charge you for delivery, the charge for delivery is sales tax exempt. but if you charge for delivery of you service to your customer that is not exempt from sales tax so the service contractor becomes second class citizen and must pay user tax on delivery charges. You don't pay the tax, your clients do. You right Steve but there is problem there all my work is done through or by purchase orders some co. issued PO's before you start to work and some issue PO's after work is done after I look over PO's I will go back to them and say hey you did not includ tax in it they respouns is we are paying state dirctly we do not isue resale's tax certificate, however they do put on they PO's we are exempt from sales tax with thier resale number and that are paying state directly, however State audit say hell no they are not exempt you are paying tax for them. end of story. Work I do is industrial Refrigeration Laboratory type cooling or heating systems -65 to +150 C. some to -100 C no to often Humidities 5% to 98% RH. Repair, Refurbish, Retrofit, Modify, Calibration with Traceability to NIST. www.cas-environ.com HD is delivering a product, I'm not sure what business you're in other than it's not HVAC, but presumably it's some sort of service field. If that's the case you're providing a service vs a product. I know that most of you guys don't charge for service delivery but in my line of work we do charge per mile because always distance is involve. when you think about it, it is some what funny your vehicle and maintenance is IRS tax deductible but your state user/sales tax it is not. Unless you have a completely incompetent accountant sales tax you collect from you clients and pass along to your state is deductible from your business gross sales. another scenario trucker can purchase truck with sales tax exempt but we can not purchase our service van without paying sales or user tax on it. So, there's another expense you have to pass along. gentlemen there is lots of problems in our system. and I am not knocking our country down but it definitely needs some upgrade and yes you guys can make the change if you keep sending legislature Email every day not for me I am 68 years old I don't give heck one or the other but the way they screwed me I will not take it laying down! I don't think it fair that every owner of a vehicle has to pay sales tax on it. By that I mean, every time a specific vehicle is sold, first as new and then every subsequent sale as a used vehicle, the new purchaser must pay sales tax on it. I don't think it's fair I have to pay sales tax on state and federal taxes on tires, or fuel, or any one of probably hundreds of items that have sales tax charged on other taxes. That's life. On Sat, 17 Feb 2007 16:26:35 -0600, Shinola wrote: DIDO inspired greatness with: Check this out and I am paying my CPA $3000.00/ year http://blog.myspace.com/tony1938 No entity is tax-exempt from the labor you provide. -- One should not act and speak as if one were asleep. -- One should not act and speak as if one were asleep. |
#103
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WHY CONTRACTORS COST WHAT THEY DO
"Goedjn" wrote in message news On Sun, 18 Feb 2007 19:39:55 -0500, Steve Scott wrote: Dang, Dido, but it's hard to make sense out of what you're trying to say, but I'll give it a go. On Sun, 18 Feb 2007 20:13:54 GMT, "DIDO" wrote: "Steve Scott" wrote in message news Depends on your state's laws. And whether they can provide an exempt purchase certificate. Some do but state say it is not valid according they findings so what don't you go after them, hell no it is much easer getting it from you because they don't want to deal with corporate lawyers and they know if you hire one it will cost you much more Let me give you another example how some of things works in this state of New Jersey. Home Depot appliance store you go there and you purchase let say stove. store will charge you for delivery, the charge for delivery is sales tax exempt. but if you charge for delivery of you service to your customer that is not exempt from sales tax so the service contractor becomes second class citizen and must pay user tax on delivery charges. You don't pay the tax, your clients do. HD is delivering a product, I'm not sure what business you're in other than it's not HVAC, but presumably it's some sort of service field. If that's the case you're providing a service vs a product. I know that most of you guys don't charge for service delivery but in my line of work we do charge per mile because always distance is involve. when you think about it, it is some what funny your vehicle and maintenance is IRS tax deductible but your state user/sales tax it is not. Unless you have a completely incompetent accountant sales tax you collect from you clients and pass along to your state is deductible from your business gross sales. another scenario trucker can purchase truck with sales tax exempt but we can not purchase our service van without paying sales or user tax on it. So, there's another expense you have to pass along. gentlemen there is lots of problems in our system. and I am not knocking our country down but it definitely needs some upgrade and yes you guys can make the change if you keep sending legislature Email every day not for me I am 68 years old I don't give heck one or the other but the way they screwed me I will not take it laying down! I don't think it fair that every owner of a vehicle has to pay sales tax on it. By that I mean, every time a specific vehicle is sold, first as new and then every subsequent sale as a used vehicle, the new purchaser must pay sales tax on it. I don't think it's fair I have to pay sales tax on state and federal taxes on tires, or fuel, or any one of probably hundreds of items that have sales tax charged on other taxes. That's life. And it's not a problem with the country, it's a problem with your state. Gotta blame the right people. I know you like to believe that but now state of NY is after me to pay franchise tax because I make some service call in to NY No time got go |
#104
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
"DIDO" wrote in message news:YblCh.1373$4J4.1045@trnddc01... "Steve Scott" wrote in message news Dang, Dido, but it's hard to make sense out of what you're trying to say, but I'll give it a go. On Sun, 18 Feb 2007 20:13:54 GMT, "DIDO" wrote: "Steve Scott" wrote in message news Depends on your state's laws. And whether they can provide an exempt purchase certificate. Some do but state say it is not valid according they findings so what don't you go after them, hell no it is much easer getting it from you because they don't want to deal with corporate lawyers and they know if you hire one it will cost you much more Let me give you another example how some of things works in this state of New Jersey. Home Depot appliance store you go there and you purchase let say stove. store will charge you for delivery, the charge for delivery is sales tax exempt. but if you charge for delivery of you service to your customer that is not exempt from sales tax so the service contractor becomes second class citizen and must pay user tax on delivery charges. You don't pay the tax, your clients do. You right Steve but there is problem there all my work is done through or by purchase orders some co. issued PO's before you start to work and some issue PO's after work is done after I look over PO's I will go back to them and say hey you did not includ tax in it they respouns is we are paying state dirctly we do not isue resale's tax certificate, however they do put on they PO's we are exempt from sales tax with thier resale number and that are paying state directly, however State audit say hell no they are not exempt you are paying tax for them. end of story. A simple statement on their PO is *NOT* sufficient for the tax commission, you have to have a copy of the *state issued* tax exemption certificate. If it helps, figure the sales tax into your quote as a seperate line item. Specify on the quote that if they cannot provide you with a copy of their *state issued* tax exemption certificate, that they *WILL* pay the tax as per the quote. If they can't handle that, then you don't need to be doing business with crooks. Work I do is industrial Refrigeration Laboratory type cooling or heating systems -65 to +150 C. some to -100 C no to often Humidities 5% to 98% RH. Repair, Refurbish, Retrofit, Modify, Calibration with Traceability to NIST. www.cas-environ.com HD is delivering a product, I'm not sure what business you're in other than it's not HVAC, but presumably it's some sort of service field. If that's the case you're providing a service vs a product. I know that most of you guys don't charge for service delivery but in my line of work we do charge per mile because always distance is involve. when you think about it, it is some what funny your vehicle and maintenance is IRS tax deductible but your state user/sales tax it is not. Unless you have a completely incompetent accountant sales tax you collect from you clients and pass along to your state is deductible from your business gross sales. another scenario trucker can purchase truck with sales tax exempt but we can not purchase our service van without paying sales or user tax on it. So, there's another expense you have to pass along. gentlemen there is lots of problems in our system. and I am not knocking our country down but it definitely needs some upgrade and yes you guys can make the change if you keep sending legislature Email every day not for me I am 68 years old I don't give heck one or the other but the way they screwed me I will not take it laying down! I don't think it fair that every owner of a vehicle has to pay sales tax on it. By that I mean, every time a specific vehicle is sold, first as new and then every subsequent sale as a used vehicle, the new purchaser must pay sales tax on it. I don't think it's fair I have to pay sales tax on state and federal taxes on tires, or fuel, or any one of probably hundreds of items that have sales tax charged on other taxes. That's life. On Sat, 17 Feb 2007 16:26:35 -0600, Shinola wrote: DIDO inspired greatness with: Check this out and I am paying my CPA $3000.00/ year http://blog.myspace.com/tony1938 No entity is tax-exempt from the labor you provide. -- One should not act and speak as if one were asleep. -- One should not act and speak as if one were asleep. |
#105
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
Goedjn,
McDonalds' 2006 4th Quarter Report showed a 22% Net Profit **AFTER TAXES** on 5.6 BILLION dollars sales for 3 months. What contractor of any size does 22% net profit? No, better yet who in the **** does 22% net profit **AFTER TAXES**? See it for yourself at: http://moneycentral.msn.com/investor...D&stmtView=Qtr Jabs "Goedjn" wrote: Different goals. Mcdonalds is prepared to grow infinately. Many contractors are perfectly happy with a 3-year backlog of jobs for them and whatever size crew they're comfortable managing. Not everyone wants to be multinational. |
#106
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
On Feb 22, 5:54 pm, "Jabs" wrote:
Goedjn, McDonalds' 2006 4th Quarter Report showed a 22% Net Profit **AFTER TAXES** on 5.6 BILLION dollars sales for 3 months. What contractor of any size does 22% net profit? No, better yet who in the **** does 22% net profit **AFTER TAXES**? Since McDonalds isn't a contractor but mainly a franchisor, it's meaningless to compare their margins to that of a contractor. |
#107
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
Shaun,
You're right.....and besides, HVAC contractors are too ****ing stupid to be compared with burger flippers. Jabs "Shaun Eli" wrote: Since McDonalds isn't a contractor but mainly a franchisor, it's meaningless to compare their margins to that of a contractor. |
#108
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
"Shaun Eli" wrote in message ups.com... On Feb 22, 5:54 pm, "Jabs" wrote: Goedjn, McDonalds' 2006 4th Quarter Report showed a 22% Net Profit **AFTER TAXES** on 5.6 BILLION dollars sales for 3 months. What contractor of any size does 22% net profit? No, better yet who in the **** does 22% net profit **AFTER TAXES**? Since McDonalds isn't a contractor but mainly a franchisor, it's meaningless to compare their margins to that of a contractor. Shaun, Your right... I must be screwing up somewhere, my net pre-tax profit was only 47% for 2006. I guess I just didn't charge enough. |
#109
Posted to alt.home.repair,alt.hvac
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WHY CONTRACTORS COST WHAT THEY DO
Steve,
I bet you pay your employees **** for wages too, huh? Jabs "Noon-Air" wrote: Shaun, Your right... I must be screwing up somewhere, my net pre-tax profit was only 47% for 2006. I guess I just didn't charge enough. |
#110
Posted to alt.home.repair
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Any tricks for getting "contractor" discount on supplies
trainfan1 wrote:
Nathan wrote: I saw this thread from over a year ago. It brought up some issues. Why are so many of the contractors upset that DIY customers *MIGHT* get their precious contractor discount? Just go to the county office building & file a d/b/a "Nathan's Construction". There. Now you are a contractor. Go to Lowes & get the 50% off. Rob So... How's that all working out? Rob |
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