Folder General DiscussionWho is right ... me or hubby???


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 From:  Doc (GREAT_ATLANTIC)
 To:  Dave Jones (DAVERJ) 
6709.25 In reply to 6709.16 
quote:
If you don't do them for free as a donation, at least fill in the invoice with $6 or $8 each and then show a discount on the invoice to get them down to the $1 each, but be sure to mark it as a one time discount/donation.
Outstanding advice, Dave! I particularly like the "donation" angle. Let me take it one step further...if the organization is a 501C3, Joyce might actually be able to write off the difference as a charitable contribution. Not sure if this is possible tax-wise, but might be worth a check.

Jim

EDITED: 21 Apr 2007 by GREAT_ATLANTIC

 

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 From:  ACJ (LADYCUTTER)
 To:  ALL
6709.26 

My first estimate for a memory wall of corian bricks was seriously underpriced and I chalked it up to learning expense. I asked my accountant if I could write it off the engraving as a donation and was told that I could not, unless I paid someone else to do it. Since I don't pay myself a salary it is not considered a true cost.

However, because of other factors I recently reworked the current invoice to show the difference between what I should have charged and what I am charging as a discount. The bottom line is the same, but it shows the customer why I am not giving a lower charge on the non-engraved blanks that they need for fill.

I think by listing it this way I can write it off as a discount expense. Still have to check on that with my accountant.

Cec
Mystic Laser & Design

 
 
     
 

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