i know im digging up an old topic here, but wanted to point this out....
online businesses dont generally have a store front... meaning they dont need the 2-10million dollar liability policy that is oodle of cash a year to cover someone if they fall and sue. electric, gas, phones, water - all commercial rate cause its a business can range from 10%-30% MORE over what u, as a home owner pays. Not to mention all the lights are on ALL day running up that electric bill... Then you have equipment to buy, lifts, tools, balancers mounting machines, all that stuff costs BIG money. then you gotta buy and STOCK inventory..... then you have employees to look after, pay them a decent wage, plus taxes on said employees, and if you have health insurence, thats another cost. u need insurence to protect your assets (tools inventory, equipment) from fire and theft, plus extra insurence incase something happens and a vehical gets damaged while in your shop.... say the guy doesnt set the car right on the lift and something happens and falls off.... thats why u have insurence.
All these costs have to be paid some how, and you have to make a profit. to take a loss on something just get your business, unless you have other products or services to cover that loss, you cant take the business. like walmart can take a loss in their tires, cause they have a full store of over priced chinese junk to make up for it. you mom and pop shops cant do that.
these variables are something to take into account when buying online vs offline. sure alot of online retailers have store fronts, but the sheer volume of online sales, makes up for the losses they take at the store, so they end up breaking even at the end of the year.
reporting sales tax: SOME states require you report sales tax..... i think u add it to your income tax... you port what u bought, how much u spent, and how much tax you owe on such item. in nYS this went into affect is 2003. this is designed to catch the big guys buying tens of thousands of dollars of stuff online and bringing it into the state tax free..... = mega bucks in lost revenue for the state..... so there is a reason for it.... will u get caught if u dont report? probably not... but just think of how easy it would for the irs to see whos paying and whos not.... just run a check on all credit cards u have to see what u bought online and then compare that to ur tax form u sent them... how much u wanna bet theres a dscrepency? LOL
The true measure of a man is how he treats someone who can do him absolutely no good - Samuel Johnson
Originally Posted by cucukid124
well if it falls off and you run it over.... not gonna be a hugee deal.... :P