Besides door hangars and direct mail how do i increase residential sales for a sandwich shop?
It is a Quiznos…Past management did a horrible job and we lost alot of customers and add on a poor economy, things are really bad. There was also another quiznos opened down the street and in my block radius there is a subway and togos. The location is poor as well and is hard to be seen from the street. The store has been open for 2 years and STILL alot people do not know we exist. Any help is appreciated.
I am thinking about doing a direct mail for a photography business that specializes in architectural and ?
corporate photography. I plan on using a service and mailing out 5,000 6×9 postcards to just business in the boston area. I am spending about 1,400.00 for this mailing. Last year I did a smaller mailing in my local area of only 500 and a smaller card. I had little results. Can I expect better results with my new plan and what other aspects should I consider?
I am planning to issue booklet for direct mailing?
New Business Schedule C Questions?
I have a new business (embroidery) and have lots of questions on filing my schedule C next year. I want to make sure I’m collecting the right information today so it’s not difficult come April. I’ve tried to research this as much as I can, so would like clarification on if my assumptions are correct:
It is my understanding that boxes I purchase for shipping can be expensed as an office expense, such as line 18? I bought them in bulk and have a lot remaining but I’ve read I don’t need to count this as inventory value and can expense it immediately.
I also buy a lot of needles, and other items that don’t go in the actual products that would be expensed on the same line?
What about embroidery software, fonts — same, line 18?
The freight I pay to have fabric brought to me — that goes as part of the COGS, line 36? But leftover value carries over as value of inventory? Fabric is so difficult — I know the price per yard that I pay but it will be very time consuming to calculate exactly how much I’ve used / exactly how much is remaining to determine COGS and remaining inventory values… is it at all possible to expense this raw material (fabric) all at once vs carrying it over year-to-year as inventory?
What about thread — even more difficult to calculate than fabric — can I expense this all at once as an office expense or do I really have to guesstimate the used portion in COGS and remaining portion as inventory value?
The freight I pay to ship the product to the customer — that goes as an other expense? Line 27/48?
Credit card processing fees I pay to paypal — line 27/48?
I have a resale certificate but I’ve still been paying tax on a lot of my purchases, especially if I shop locally. Am I out those taxes (I shouldn’t be paying taxes on materials included in a product I resale (and collect taxes on), right?…) or can I actually expense them as part of the COGS since I’ve paid them?
For office supplies such as needles I mentioned above, I pay tax on those too but those are items I keep and should pay taxes on. Do I include the taxes paid on those items on line 18 or do I break apart these sales taxes as separate items and place them on line 23? And the taxes I’ve paid on fabric mentioned above, as part of the COGS line 36 or part of the taxes line 23?
The sales taxes I’ve collected from customers go as revenue line 1, but then also get added into line 23?
This seems to be a lot of work but any clarification will help.
THANK YOU!!
Can sewing thread be Sec 179 also (this would be so much easier) or do I need to compute it as ending inventory (since it is a material sold in my products)?