Unless you are buying more than $500 in books for the Herald's office, my particular policy would be to expense it out as "General Supplies" under "Office and...
How would the $500 make a difference? Unless you are buying one book for that price. I t would appear that it would be and expense anyway. You would not list...
... that price. I t would appear that it would be and expense anyway. You would not list the whole library as "Property" just individual items $500 or over, ...
In other words, except for the decision to depreciate (really governed by IRS rules), it is the amount of the transaction that counts, not the amount of the...
... rules), it is the amount of the transaction that counts, not the amount of the individual items. Buy 5 books at $100 each in one transaction and you count...
... though, if ... office, ... HOW MUCH ... herald's ... was ... Agreed! But where in the handbook is that required? And who does the record keeping and...
... keeping and accounting for these items?<< Not sure of its placement in the handbook, but why would you need a written directive to do something that's...
Greetings, Is the purchase of gifts allowed? If someone attended an event and taught a class, may a gift be purchased to thank that instructor? This seems...
While this is certainly a great idea, you should not use SCA funds for it. That would be inurement. You could, however, reimburse them for some of their travel...
... written ... Because common sense is not very common and so the practice does not exist if it is not required (and sometimes even if it is - that's why we...
My apologies to the list for not catching this thread sooner. I have only recently been able to get back to my e-mail. I have to say that I agree with Bubba,...
Actually, I think what you are remembering with regard to Society artists labor refers to the IRS regs on donations. For instance, if you are an artist and...
In a message dated 10/4/03 5:10:14 PM Eastern Daylight Time, HEGitana@... ... I beg to differ. Vehemently. When Seleone became a Barony, the coronets were...
In a message dated 10/5/03 9:58:10 AM Central Daylight Time, ... Right, but as you said he was self employed as a jewler and SCA Merchant. <I do not consider...
I don't recall seeing Bubba's note on this (must have been while I was on vacation and had my mail turned off), but there is no problem in paying an artisan...
... And what the artist is allowed to deduct does not have anything to do with what we can pay for an item or what valuation we use in our books. Our books...
... what we can pay for an item or what valuation we use in our books. Our books should show the lower of cost or market at the time of the acquisition (and I ...
... Actually, I said "at time of acquisition" to avoid the issue of evaluating assets each year which would possibly incur costs and certainly be more than...
Could someone make the coronets. Be paid for them (Time and materials). Donate the money or a portion of the money to the SCA entity. And take as a ...
... (For all of the following, international persons outside the US may wish to yawn and delete.) Do not turn to the web for tax advice, for those that know...
Sure, but he/she would have to declare the money as income also. This should basically have no effect on his/her taxes, but require them to file a Schedule C...
... I want to amplify this a bit more. If I get $100 dollars, and donate $100 dollars, I didn't "undo" the income. That's two operations. This is true even...
Tibor, I couldn't have said it better. Tetchubah (tax accountant and former IRS agent) History will be kind to me, for I intend to write it. - Winston...
... Where on Schedule C would this donation be a legitimate expense? On what line would you report it? I am confused - but I am no expert. I'm really...
... That is kind of you to say... for you know, I was thinking (kindly) of you when I wrote the part about those who know, and those who talk. (:-) I am glad I...
... as income also. This should basically have no effect on his/her taxes, but require them to file a Schedule C if they do not already do so. If they take the...
Sorry, I knew I should not have responded with a detailed answer until I had docs in front of me. I'm at work with a client and hurried through a reply. Never...
Hello the list. ... of the SCA branch rather than from the point of view of the artisan: I would flay any Seneschal and/or Exchequer who would agree to a...
Hi everyone I am new...I have taken over as exchequer and have stepped into a huge mess as far as our records go..I am currentily in the middle of trying to...
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