Written by The Vending Guy on July 8, 2009 – 4:03 pm
According to the IRS, if you make money, you MUST report it. If you make enough money (regardless how you earn it) you WILL be expected to pay taxes on that money. One of the most unique aspects about the vending business is that by it’s very nature you have THOUSANDS of small cash transactions [...]
Written by The Vending Guy on March 22, 2009 – 2:27 pm
This post is a continuation, be sure to read Part 1 first. Now one caveat. I do have them sign an “Ownership Acknowledgment”. It is a simple document that says the machines belong to me and that I can pull them out whenever I want. To make it easy to sign I also include statements [...]
Written by The Vending Guy on June 5, 2008 – 9:06 pm
It is really simple, I never use a “location contract”. Locations do not like signing contracts – period. It scares the heck out of most of them. Think about it for a moment. How do you feel every time someone asks you to sign a contract? We’ve been conditioned by popular media (i.e. movies and [...]
Written by The Vending Guy on January 2, 2008 – 10:34 pm
This is a subject I have wrestled with myself while building my vending business. Vending is an not your typical business since you could have “store-fronts” in several counties or even states so you are definitely atypical and many agencies don’t even know how to treat the business. Of course I’m going to be giving [...]