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Welcome to our newest member, AlfredEmpom |
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07-05-2007, 09:14 PM
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Join Date: Nov 2001
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Quote:
Originally Posted by AlphaFrog
If you own or manage a business, and use a service company (plumbing, electrical, roofing, etc) and you consistantly pay them late, they WILL stick it to you when they write up your bill. We don't do much service work, but when we do, and the person is a notoriously late payer, it gets marked up an extra 25% or so.
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But if you have a small business, and have another small business do some service (plumbing, electrical, roofing, etc), and offer to pay cash up front, you can usually save at least 20%.
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07-06-2007, 12:44 AM
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Quote:
Originally Posted by honeychile
But if you have a small business, and have another small business do some service (plumbing, electrical, roofing, etc), and offer to pay cash up front, you can usually save at least 20%.
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So basically you're aiding and abetting a crime? The reason why it's cash is because it's off the books and there are no taxes paid on it.
-Rudey
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07-06-2007, 12:46 AM
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GreekChat Member
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Join Date: Aug 2006
Location: Atlanta area
Posts: 5,372
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Quote:
Originally Posted by Rudey
So basically you're aiding and abetting a crime? The reason why it's cash is because it's off the books and there are no taxes paid on it.
-Rudey
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Or because it's payment up front with no need for billing.
Last edited by UGAalum94; 07-06-2007 at 01:14 AM.
Reason: decided it was better not to be a jerk
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07-06-2007, 01:34 AM
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Quote:
Originally Posted by AlphaGamUGAAlum
Or because it's payment up front with no need for billing.
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That's a whole load of crap. Payment up front? It's not an AR issue. Pay with a credit card and it's paid up front. Pay with a bank check and it's up front. Pay with an online funds transfer and it's upfront. There are numerous ways to pay upfront that are trackable. Cash is not trackable. Contractors and small businesses stick to cash so that they can cheat on their taxes. It's not an issue of payment dates.
-Rudey
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07-06-2007, 02:15 AM
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A majority of the stories you see/read in the news every day are the result of great PR people. WE dictate what is news. You think newspaper reporters and TV journalists have time to research and write their own stories every day? No way. If it weren't for PR people, they wouldn't even know about most of their stories. AND, they usually report the story the way we orchestrate/spin it, if we're good.
Of course, journalists deny this on a regular basis.
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07-06-2007, 08:15 AM
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Join Date: May 2007
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Quote:
Originally Posted by PeppyGPhiB
A majority of the stories you see/read in the news every day are the result of great PR people. WE dictate what is news. You think newspaper reporters and TV journalists have time to research and write their own stories every day? No way. If it weren't for PR people, they wouldn't even know about most of their stories. AND, they usually report the story the way we orchestrate/spin it, if we're good.
Of course, journalists deny this on a regular basis.
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that is true.....like for instance...murder rates....for every 2 murders the news may report from 'official' figures at least 3 go unreported.
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07-06-2007, 08:40 AM
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Join Date: Apr 2007
Location: The River City aka Richmond VA
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woow...i went home last night and came back to this! i have certainly learned a few things lol! keep 'em comin guys!
does anyone have any tips/hints on how to not get ripped off at mechanics?
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07-06-2007, 10:15 AM
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Moderator
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Join Date: Oct 2000
Location: The beach
Posts: 7,948
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Quote:
Originally Posted by PeppyGPhiB
A majority of the stories you see/read in the news every day are the result of great PR people. WE dictate what is news. You think newspaper reporters and TV journalists have time to research and write their own stories every day? No way. If it weren't for PR people, they wouldn't even know about most of their stories. AND, they usually report the story the way we orchestrate/spin it, if we're good.
Of course, journalists deny this on a regular basis.
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Yes. Many journalists do not write their stories. They take a press release that a PR person gave them and put in the newspaper word-for-word what the PR person wrote up. The only difference is that the journalist's name goes on the article instead of the PR person. I've had a great many of my press releases turned into articles in Atlanta-area papers.
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ZTA
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07-06-2007, 10:22 AM
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Location: only the best city in the world
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Quote:
Originally Posted by ZTAngel
Yes. Many journalists do not write their stories. They take a press release that a PR person gave them and put in the newspaper word-for-word what the PR person wrote up. The only difference is that the journalist's name goes on the article instead of the PR person. I've had a great many of my press releases turned into articles in Atlanta-area papers. 
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isn't that...sorta like... plagarism?
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Do you know people? Have you interacted with them? Because this is pretty standard no-brainer stuff. -33girl
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07-06-2007, 02:02 PM
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Location: Atlanta area
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Quote:
Originally Posted by Rudey
That's a whole load of crap. Payment up front? It's not an AR issue. Pay with a credit card and it's paid up front. Pay with a bank check and it's up front. Pay with an online funds transfer and it's upfront. There are numerous ways to pay upfront that are trackable. Cash is not trackable. Contractors and small businesses stick to cash so that they can cheat on their taxes. It's not an issue of payment dates.
-Rudey
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I don't have a small business, so I don't know. It seems like the business getting the work done would have a tax incentive to claim money that went back into the business, but I have nowhere near the experience with tax fraud that you apparently do.
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07-06-2007, 02:12 PM
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Quote:
Originally Posted by AlphaGamUGAAlum
I don't have a small business, so I don't know. It seems like the business getting the work done would have a tax incentive to claim money that went back into the business, but I have nowhere near the experience with tax fraud that you apparently do.
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You're not much of a thinker. Again, there are numerous ways to pay upfront. To skip billing and take payment in an untraceable manner, a la cash or say...diamonds...is the clearest sign of keeping something off the books for either tax evasion or something more exotic, like money laundering and, oh say, terrorism financing. I'm glad I educated you. Next time, if you don't know about something you shouldn't make such suggestions.
-Rudey
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07-06-2007, 02:31 PM
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Quote:
Originally Posted by Rudey
You're not much of a thinker. Again, there are numerous ways to pay upfront. To skip billing and take payment in an untraceable manner, a la cash or say...diamonds...is the clearest sign of keeping something off the books for either tax evasion or something more exotic, like money laundering and, oh say, terrorism financing. I'm glad I educated you. Next time, if you don't know about something you shouldn't make such suggestions.
-Rudey
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what's the difference between the small business owner that would rather get paid in cash, therefore untraceable, and the white-collar suit that dips on the side with money in offshore accounts, with the intent on being untraced?
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Do you know people? Have you interacted with them? Because this is pretty standard no-brainer stuff. -33girl
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07-06-2007, 03:49 PM
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GreekChat Member
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Join Date: Nov 2002
Location: University of Oklahoma, Noman, Oklahoma
Posts: 848
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Quote:
Originally Posted by Rudey
You're not much of a thinker. Again, there are numerous ways to pay upfront. To skip billing and take payment in an untraceable manner, a la cash or say...diamonds...is the clearest sign of keeping something off the books for either tax evasion or something more exotic, like money laundering and, oh say, terrorism financing. I'm glad I educated you. Next time, if you don't know about something you shouldn't make such suggestions.
-Rudey
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There are other reasons to give incentives to pay cash, such as not having to pay the percentage that credit companies take out of every transaction. In those cases, a cashier's check is as good as cash.
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07-06-2007, 07:08 PM
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GreekChat Member
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Join Date: Aug 2006
Location: Atlanta area
Posts: 5,372
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Quote:
Originally Posted by honeychile
But if you have a small business, and have another small business do some service (plumbing, electrical, roofing, etc), and offer to pay cash up front, you can usually save at least 20%.
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Quote:
Originally Posted by Rudey
So basically you're aiding and abetting a crime? The reason why it's cash is because it's off the books and there are no taxes paid on it.
-Rudey
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Quote:
Originally Posted by AlphaGamUGAAlum
Or because it's payment up front with no need for billing.
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Quote:
Originally Posted by Rudey
That's a whole load of crap. Payment up front? It's not an AR issue. Pay with a credit card and it's paid up front. Pay with a bank check and it's up front. Pay with an online funds transfer and it's upfront. There are numerous ways to pay upfront that are trackable. Cash is not trackable. Contractors and small businesses stick to cash so that they can cheat on their taxes. It's not an issue of payment dates.
-Rudey
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Quote:
Originally Posted by AlphaGamUGAAlum
I don't have a small business, so I don't know. It seems like the business getting the work done would have a tax incentive to claim money that went back into the business, but I have nowhere near the experience with tax fraud that you apparently do.
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Quote:
Originally Posted by Rudey
You're not much of a thinker. Again, there are numerous ways to pay upfront. To skip billing and take payment in an untraceable manner, a la cash or say...diamonds...is the clearest sign of keeping something off the books for either tax evasion or something more exotic, like money laundering and, oh say, terrorism financing. I'm glad I educated you. Next time, if you don't know about something you shouldn't make such suggestions.
-Rudey
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Quote:
Originally Posted by Rudey
What about it? I made a comment on paying in cash to a small business owner. I didn't comment on anything else, whether it's murder or large-scale tax evasion. But there are laws for legitimate offshore income and black market activities, and if there's something beyond that which bothers you I assume someone who likes talking philosophy is good for that discussion.
-Rudey
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Quote:
Originally Posted by Rudey
Hence why I posted about checks and other non-cash methods. But thanks for posting something completely useless and irrelevant.
-Rudey
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Quote:
Originally Posted by kstar
Um, you really didn't touch on those reasons, you automatically assumed that small business owners are tax-evading losers. Thanks for being a dick, like you always are.
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Rudey,
Someone pointed out that you could save 20% a certain way. You immediately sprang to tax fraud, and even when no one disputed that tax fraud was a possibility, just suggested other possibilities, you lapsed into insulting people.
How does this communication strategy work out for you generally?
What are you looking for here?
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07-06-2007, 09:58 AM
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GreekChat Member
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Join Date: Sep 2004
Location: USS Insanity
Posts: 4,970
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Back in the day when I used to be in retail, here's one I'd do all the time so don't be surprised if it's being done to you.
If a customer kept insisting I check in the back for something they wanted in a different size, I'd go to the back but I'd sit for 5 minutes, drink some water, & maybe talk on the phone before I actually went back out and told the customer that we had nothing in the back.
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