![]() |
|
|
|
|
||||
|
Hey, I'm trying to figure out how to do the taxes for my screen printing, and am wondering if any of the other designers/printers have figured this out.
I'm putting down the business as an inventory business because, well, I have inventory. But I'm pretty confused about how to figure inventory when I have to factor in raw materials, value of finished goods (cost to produce or retail???), and then I have to figure out what the value of all this was at the beginning of the year as opposed to the end of the year. I mean, do I have to know how much of that quart of Speedball red I went through this year and factor that in? Seems to me anything beyond "this is how much I invested in equipment, supplies, commisions, etc. This is how much I took in in sales." should give the IRS everything they need, but since these regs seem tailored to large-scale manufacturing, I'm at a loss as to how to proceed. Any advice is greatly appreciated. -Adam _________________________ Adam J Carriuolo Fine Art Silkscreen Prints |
|
||||
|
we just do an estimated amount. keep it low.
don`t fret the half cans. Raw materials are the price you pay. Best to consider everything `raw materials`unless you have thousands in stock. I don`t value any finished posters, that`s more for a store. do you have an acountant? better to ask them than some GP nerds
__________________
Andymac services www.squeegeeville.com equipment www.tmiscreenprinting.com Todo es empezar. |
|
|||||
|
Ding ding ding!
__________________
Blog: http://dangrzecaart.blogspot.com Etsy Shop: http://jetsah.etsy.com "brownies are in the oven and my heart is filled with doom."- DWITT |
|
||||
|
bang a gong
__________________
Andymac services www.squeegeeville.com equipment www.tmiscreenprinting.com Todo es empezar. |
|
||||
|
you realize your taking advice from a Canadian right?
I notice you're in BOSTON.
__________________
http://www.gigposters.com/designer/10366 http://web.mac.com/hobbzoid it's no time to be 21. |
|
||||
|
hide as much as you can from the man cause taxes is a scam yo!
i'll take my gold record now
__________________
John Warner Vice President & Artist Evans Ink www.evansink.net Evans Ink Main Office - 570.289.5040 Cell Phone - 267.474.1592 Toll Free - 877.289.5040 jdubart@evansink.net To contact J dub All Stars: www.jduballstars.com 619.309.5253 John_e_warner@yahoo.com |
![]() |
| Thread Tools | |
| Display Modes | |
|
|