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18th August 2014, 12:32 PM #31SENIOR MEMBER
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- Australia east coast
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- 1,469
Define what you mean by 'right'. I have an ABN and am GST registered. Why on earth would I take on cash jobs, the implication being that I'd just pocket the money and not declare it? Every cent of my business earnings gets paid into a bank account via direct deposit or similar, I don't do cash at all, and I issue tax invoices so people can claim their GST inputs back. Then again I also don't do $50 jobs either. Mate's rates are a slab or exchange of favours of course. PDW
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18th August 2014 12:32 PM # ADSGoogle Adsense Advertisement
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18th August 2014, 02:36 PM #32
Hi RC, I would write it up as a win, good job ( within the constraints), customer was happy, and you got paid, gained a bit of experience, but you didn't get burnt...
Doing repair work is a hard business to make money, I mostly refuse jobs involving electronic repair, unless it's some especially exotic bit of gear that can justify the time and expense. There are always exceptions, like the panicked breakdown phone calls. But most of the time, if it's consumer electronics, forget it... you usually can buy half a dozen new things ( whatever they are) for what the repair would cost.
As far as working out what to charge, just keep raising your prices until the workload decreases to a level you are happy with..
Ray
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18th August 2014, 03:05 PM #33GOLD MEMBER
- Join Date
- May 2011
- Location
- Murray Bridge SA
- Posts
- 3,339
Hi Ray, I have an X2 mill, machine was vibrating, then stopped, I worked out it was a circuit board. Is it possible that the board is cracked or something else, I can't see anything wrong with it ie burns, cracks.
Kryn
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18th August 2014, 03:47 PM #34
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19th August 2014, 09:21 AM #35GOLD MEMBER
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- Jul 2006
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- Adelaide
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- 2,680
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19th August 2014, 03:46 PM #36SENIOR MEMBER
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- Jun 2011
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- Australia east coast
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- 71
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- 1,469
No worries, I'm not fussed. I've seen people do the 'cash job' thing and if you're small scale, nobody really cares (until maybe you want to sell your business and all of a sudden the registered income stream looks sick). I'm pretty small scale but I simply don't want to think about possible problems with the ATO, and 95% or more of what I do is business to business anyway so they claim my invoices as tax deductions. No advantage for them to pay cash with no receipt. In RC's position he has many tens of thousands of dollars tied up in machinery that can be depreciated and consumables written off if and only if he can show that he's making money with it. I can't really see how small off the books cash jobs help. Now hobbyists doing cash jobs for each other, not a problem at all. I just prefer to work on the barter system myself. PDW
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19th August 2014, 04:11 PM #37Pink 10EE owner
- Join Date
- Aug 2008
- Location
- near Rockhampton
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- 4,304
Well no, it just has to be business related... Tax dept is not interested in telling you in what you should spend your money on with your business, provided it is related to your business and even then it may be a grey area... Like negative gearing for example...
I could go out and buy a $100 000 car for business purposes and it would be equally tax deductable even though I could make do with a $5000 one..Light red, the colour of choice for the discerning man.
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20th August 2014, 09:10 AM #38SENIOR MEMBER
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- Jun 2011
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- Australia east coast
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- 71
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Try making a loss for an extended period and see how you go.... sooner or later you need to show a profit. Off the books jobs don't help in this. Also if you get audited you can have some serious issues with equipment not related to the business. A software designer with a penchant for buying machine tools comes to mind, as an example...... never been audited so far and there's nothing they can find if they do but I do not, for example, buy boat bits and claim them as a business expense. However I'm working on a plan in that area as cross-subsidisation can work. PDW
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20th August 2014, 11:36 PM #39
Its one of those things, if you are sensible then its surprising what can be claimed without standing out too much.
Doing custom manufacturing requires all manner of toys, tools and materials. Then there is the maintenance of ones gear; cant buy some bits for the really old stuff. Mods to equipment to do certain jobs ... it goes on.www.lockwoodcanvas.com.au
I will never be the person who has everything, not when someone keeps inventing so much cool new stuff to buy.
From an early age my father taught me to wear welding gloves . "Its not to protect your hands son, its to put out the fire when u set yourself alight".
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27th August 2014, 10:13 PM #40Pink 10EE owner
- Join Date
- Aug 2008
- Location
- near Rockhampton
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- 4,304
Just doing some testing of the borer in this linked vid...
it is a 35mm drill through some 40mm think scrap I had..
No pilot hole....
Then a bit of boring using the travelling spindle...
It is not a very exciting vid, but here it is none the less. https://dl.dropboxusercontent.com/u/...ing%20rt25.mp4Light red, the colour of choice for the discerning man.
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27th August 2014, 10:44 PM #41SENIOR MEMBER
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- Oct 2007
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- Sydney
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- 2,340
Certainly a healthy boring cut there laddie!
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18th September 2014, 08:23 PM #42Pink 10EE owner
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- Aug 2008
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- near Rockhampton
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- 4,304
Not boring, but some drilling action...
2" drill..60rpm or so... 13mm pilot hole drilled first
Sounds sweet under load...
https://dl.dropboxusercontent.com/u/...20drilling.mp4Light red, the colour of choice for the discerning man.
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18th September 2014, 08:39 PM #43SENIOR MEMBER
- Join Date
- Oct 2007
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- Sydney
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- 2,340
Nice! You just love to tease me with that thing don't you
Are the larger drills more taper shanks, or how are you holding them?
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18th September 2014, 09:42 PM #44SENIOR MEMBER
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- Jun 2011
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- Australia east coast
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- 71
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18th September 2014, 09:58 PM #45Pink 10EE owner
- Join Date
- Aug 2008
- Location
- near Rockhampton
- Posts
- 4,304
Yea and I only paid $20 for the 2" and a 35mm bit.... Off ebay... And it also had a 4 morse female, 3 morse male adapter included..
I was pretty happy when it all turned up.. /rubs it in a bitLight red, the colour of choice for the discerning man.
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