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JabbaTheSlut

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I've been trying to convince my girlfriend that we'd actually be making more as a business but she's still unconvinced, even with that logic...Maybe if I say that we can write off thrift-cations to California then she'll be on board.
 

marc roberto

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Quote: So how was the Ferrari a business expense?
devil.gif
 

JabbaTheSlut

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Increased travel efficiency.
 

jebarne

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So how was the Ferrari a business expense? :devil:


The advertising value alone of the Ferrari as a symbol of his success in the thrift business! Think of the non styleforum people who tracked down his store or decided to consign their stuff because of his success demonstrated by being able to thrift the Ferrari.
 

MJMcRibb

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Hi All,

I'm very new to selling on ebay and this thread has been a great source of information for me. I'd greatly appreciate if you could tell me if I'm doing something terribly wrong in this listing:

http://www.ebay.com/itm/231071216268?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649

Thanks!
Nice jacket! I would personally be a little less wordy. I don't think saying that it will need pressing is required, as buyers wouldn't (or at least shouldn't) expect you ship in a giant box that doesn't require the jacket to be folded. I think it just puts another cost into their head. I also wouldn't say that there are things you might have missed. To me that can translate to either a) I might try to slip a minor imperfection passed you or b) I really didn't inspect it as thoroughly as I said. Just my $0.02.
 

Reosymes

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Nice jacket! I would personally be a little less wordy. I don't think saying that it will need pressing is required, as buyers wouldn't (or at least shouldn't) expect you ship in a giant box that doesn't require the jacket to be folded. I think it just puts another cost into their head. I also wouldn't say that there are things you might have missed. To me that can translate to either a) I might try to slip a minor imperfection passed you or b) I really didn't inspect it as thoroughly as I said. Just my $0.02.
Thanks for the feedback. The reason for being too 'wordy' is that I'm a new seller, thus undertake the risk of people returning the item knowing that ebay will side with them. I guess I'm covering ******, which does sound defensive.
 

Acme

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I don't have a business set up, but I pay taxes. You should get a 1099 from paypal (if you are not a business it goes under you SSN) and just add it to your income. Keep a list of any expensive and submit that as well to your accountant.... at least that's what I do.

This.

Though you'll want to do yourself a favor and make it as easy as possible. The last thing you want to do is spend a couple days at tax time sorting receipts. So, first, get a PayPal debit or credit card attached to your account, and use it to pay for everything related to your thrifting activities. Then, subscribe to Outright (or Go-Daddy bookkeeping, as I think it's now called). Outright organizes all your expenses into categories, and automatically generates a schedule C for you at the end of the year. Then just hand the schedule C to your accountant, and you're good to go. You'll just need to check Outright every so often to organize your expenses, but it learns your vendors over time, so that gets easier as you go. Outright used to be free, but now it's $50 per year. Well worth the expense.

Oh, and one more thing. Make sure you stash some of the scratch in a savings account so you don't end up short on your tax bill at the end of the year. Outright is also helpful for reminding you to make quarterly tax payments.
 
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Lirum

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Thanks for the feedback. The reason for being too 'wordy' is that I'm a new seller, thus undertake the risk of people returning the item knowing that ebay will side with them. I guess I'm covering ******, which does sound defensive.

Covering your own ass in that way may have the reverse effect though. With that said, capnwes has almost identical wording on the dry-cleaning bit, and he's doing mighty fine on ebay.
 

Koala-T

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Thanks for the feedback. The reason for being too 'wordy' is that I'm a new seller, thus undertake the risk of people returning the item knowing that ebay will side with them. I guess I'm covering ******, which does sound defensive.
Also, there's one picture in the middle that looks like a completely different jacket. Get rid of that one.
 

Shoeluv

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What is the 33 viewers on his listing? When did they start that? Last I saw they had number of watchers, but now number of viewers?


 

chiron

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Quote:
Get an old copy of TurboTax Home and Bussiness 2012 or create an account online @ turbotax.com . Fill in 2012 tax information and hypothetical business deductions you might incur . You will get a precise idea about how deductions will effect your refund.

Quote:
Yes, I cant wait to get back 40 cents on the dollar .
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Quote:
 
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