Discussion in 'Classic Menswear' started by HansderHund, Jul 27, 2012.
This. It just has to look nice.
I meant to refund a buyer $5 once and sent her $105 (entire purchase price). She never replied to my request for the money or even said thank you for the free down jacket. Some people are just plain evil...
Tax related question - are you supposed to include shipping costs in your cost of goods sold? Or is it a business expense?
From what I remember in accounting classes shipping should be an expense, though it seems people are reporting both ways? I have how much each item sold for, shipping charged (or free shipping), etc, just not sure how I'm supposed to report it.
I would feel terrible doing that to somebody. Geez.
This was a year or so ago - doubt I can dig up the info...
Thanks spoo and wes. One of the biggest lessons here is in general buy the patterns that the largest audience wants, not what I like. It's a common sense thing, but sometimes common sense is not common enough!
Good job remembering the rule. COGS only includes procurement expenses, not selling expenses. So, any shipping you pay to buy an item (like if you e-thrift something to flip) can go into COGS. But, any shipping you pay to get a sold item to a buyer goes in expenses (our lingo is SGnA - selling, general, and administrative). On a tax return, I usually put it in "other" then break it out on the back of Schedule C unless a client is adamant they want it somewhere else.
I did that to @Fueco once. I sent him a ton of money by mistake and freaked out because I was new here. He just refunded it to me and we had a laugh at my expense. Well, I got my money back so I guess the laugh was free?
but the heart attack wasn't.
I came across an app called Scrobbld tonight as I was browsing around.
I have never used it nor did I spend much time vetting the quality.
But, wanted to know if anyone here has had any experience with it in the past, if so, any benefits?
Those horizontal striped ties don't sell very well, it took me a few months to unload a few I had for very little profit. I avoid the horizontal stripes now (unless of course I find a Kiton or Isaia). The red tie looks like electrified sperm.
Is there a specific term for these leather ferragamo shoes that I can use in the title? Calling them 'Beige Oxfords' doesn't seem right and I feel like I'm missing something. Thanks!
Horizontal stripes are a go on square-end knits, both silk and wool. I've done incredibly well with them and I am also personally a fan, more than on a regular tie. Maybe it's more pleasing to the eye on a rectangular tie?
Ive got a new auction title. thanks!
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