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cbjensen

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  1. thank you all for your responses. it is extremely helpfull. Just had a meeting with my studio members recapping the mothers day sale and planning a sale for the holidays. I brought up, and was pleased to bring up the information you have offered and I think they all understand what needs to happen moving forwards. They have all accepted that they will receive 1099 and I have told them they need to document material and expenses involved in producing what they sell. But that is their problem. In terms of commission. So my studio is almost self funded, rent, firing fees etc. But the area where we are having our sales is not included in that calculation, It is actually a space I hope to rent out for workshops. This initial go around I did not charge anything except for $50 from each potter and that was all spent on flyers, street signs, vine, cheese, ballons, other advertising etc. It was enough to cover the basic costs. And I did deduct the fees from square. So moving forward I think it would be fair to say charge the initial fee and the 10% of what any potter sells beyond say $150. No one sold below that by the way. Someone said that a percentage penalized those who sold more. I am not sure I see it that way, we are a community of potters and for some I think they would rather take a low participation fee and hope for the best. If I was to take a realistic fee for the space I would have to charge a month rent which would be $1000 plus expenses which would be a fee of $150 per participant. But I am doing all the work and I would love for my studio to see some upside from a succesfull sale. Is that wrong? I
  2. tank you for your replies. I really appreciate the feed back. I seriously need to learn. moving forward we will absolutely add the sales tax. I really don't know why we didn't no one would have flinched. I will figure it out for future sales. one other question, my studio needs to generate more income, in this case, a studio sale, is there a percentage you would charge the sellers? What is the going rate or considered fair? I charged a flat fee which no where near covered the expenses. Christina
  3. So I started renting out space in my studio about 5 years ago, I am an LLC. I offer space, firing, clay and Glaze. Last weekend we had our first open house and pottery sale. In order to simplify things I offered to take credit cards through Square. I thought it would be a few hundred maybe for each of the potters but no it went so well that some basically sold out, go figure. I didn't charge sales tax and my accountant tells me I need to give them all 1099's. These are 9 potters who are not registered as business and we all know how much it cost to make this stuff, and can I be liable for the taxes? I or the studio made absolutely nothing on the sales, I merely provided the service of accepting payment, got the square app and reader a week before. I think I really made a big mistake for me and for them. Anyone with any advice Christina
  4. Where can I find the results of the first challenge? I am interested in participating. Christina ( my real name by the way)
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