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NEW COFFEE HITS THE AREA- Now you can get paid to drink coffee.
by Simmons Cancer Biz
on 7/30/2010 @ 11:47am
|Healthy Coffee USA, now in the area. I am the Founder for Washington State, and currently we only have 2 distributors for the state, and are looking for more, to find out more listen to my radio interview at simmonswebmarketing.com/Radio Local Success Story, I am building my team now, so join me.
by Crenshaw Sepulveda on 7/31/2010 @ 11:04am
|We have this terrible B&O tax here in Tacoma. This will probably not work no matter how much coffee you sell or how good the coffee is or how good you are at business.|
by fredo on 7/31/2010 @ 11:45am
|If you could change your business model to Healthy Coffee USA, (an international financial services company) you could get some sweet preferential tax loopholes here in Tacoma courtesy of our City Council. Otherwise, try Fife.|
by seejane on 8/1/2010 @ 1:29pm
|You don't have to pay B&O tax in Tacoma until you make more than $72k - makes starting up a little easier. Also small business get a tax credit on B&O, but I'm not sure of the percentage.|
by Crenshaw Sepulveda on 8/1/2010 @ 1:36pm
|Do I hear sputtering coming from fredo?|
by fredo on 8/1/2010 @ 1:56pm
|"You don't have to pay B&O tax in Tacoma until you make more than $72k" .|
Well Jane that's not quite true. The tax is on gross receipts. What you make is entirely irrelevant.You don't get the first $72K free. It's only free if your annual gross sales are less than this. Once you hit $72K in gross sales then you owe on the entire amount from the first dollar. The state also has a threshold level but it's not a set amount like the city. Your business has to be really small to qualify for these exemptions.
The rate reduction loophole given to the Frank Russell company, OTOH, does not require FR to keep it's gross receipts to under $72K. They get the beneficial treatment 24 hours per day regardless of how much they gross.
These thresholds must have been established back in the horse and buggy days. If you can't gross $72K per year you can't operate a business in the city limits as a practical matter.
by Crenshaw Sepulveda on 8/1/2010 @ 2:13pm
|Sounds more like sputtering and a little tap dancing.|
by fredo on 8/1/2010 @ 2:27pm
|Crenshaw, I don't know if the B&O is hobbling the business climate in Tacoma or not. I'm merely suggesting we examine it.
I've been here 33 years and the B&O has been in place for all that time. Also during that time 6th Ave, So. Tacoma, East Tacoma, Pacific Ave. and Hilltop have been plagued with vacancies. If we don't change something about the way Tacoma "works" how are we ever going to achieve some visible level of prosperity? The B&O tax threshold might foster some micro businesses in town but is too low to really encourage new small storefront businesses. Look around, do you see a sufficiency of small businesses? I don't.