What to do about this friend??

Replies to This Discussion

Permalink Reply by June Kowalczyk on August 28, 2012 at 4:48pm

Hee Hee..... Sounds like my Scottish Mom, God rest her. She HATED the word cheap.... it was always... Aye, we need to be frugal!!!!
I use to call her cheap just to get her goat!!
Yes do post the outcome Dee. We are all want to know.
And yes, my daughter is a sweetheart.

Permalink Reply by Lydia Beier on August 29, 2012 at 12:54am

Faith, I have given many cakes as "wedding presents" and I didn't think they really appreciated what went into it in the way of cost and effort.  I really like your idea of giving them an invoice or estimate even if it is discounted or a gift.  That makes me feel a little better about doing it in the future.

Faith Gealey-Brown said:

I agree with Linda completely.  I would work out the price of the cake and grooms cake and provide her with an invoice.  Even though she is your friend, business is business.  If the price is not to her liking, then she is free to shop around but at least she knows what your prices are.  Even if I gift or discount a cake, I still provide the person with an invoice of how much it would have cost and include the discounted amount. I think it helps them to appreciate the true value of your work and makes them have a second thought before expecting something free. Good luck!

Permalink Reply by June Kowalczyk on August 29, 2012 at 9:12am

Also Laurie
Here in Ontario even you give your cake as a "gift", "donate" to charity.... be it birthday, wedding, whatever, you can claim the expenses on your income tax as long as you have a invoice. You state it was a gift, but all the particulars like any other cake, ie: time, ingredients, etc. are stated.

Permalink Reply by Dee Miller on August 29, 2012 at 9:32am

Really?  Hadn't thought of that.  Thanks, June!  I have not had a chance to meet with my friend but will post when I do....:)

June Kowalczyk said:

Also Laurie
Here in Ontario even you give your cake as a "gift", "donate" to charity.... be it birthday, wedding, whatever, you can claim the expenses on your income tax as long as you have a invoice. You state it was a gift, but all the particulars like any other cake, ie: time, ingredients, etc. are stated.

Permalink Reply by June Kowalczyk on August 29, 2012 at 9:53am

Yup Dee

I was surprised. Found this out at my cake club meeting last Feb. I sure wish I had known this when I was working. I mean it is suppose to reduce your taxable income....but I am on pension now, so doesn't help me. Tax accountant said you could go back 5 yrs. Well gee Dee, I had only done it as a hobby, so after I paid for ingedients, lustre dust etc., I threw my receipts away. Accountant said I could  "guestamate??"  I honestly didn't do enough cakes to make it worth my while anyway. Probably around $200-300??? in expenses over 5 yrs?  But I didn't want the hassel of being the "lucky" person who might get a surprise "audit".

Anyway, Dee, check it out. You might be able to do the same thing.

Permalink Reply by Dee Miller on August 29, 2012 at 10:13am

Yeah, June, I hear you -  I don't like that kind of surprise (the IRS usually doesn't hand out the kind we like!)  HAHA!  Thanks for the info!

June Kowalczyk said:

Yup Dee

I was surprised. Found this out at my cake club meeting last Feb. I sure wish I had known this when I was working. I mean it is suppose to reduce your taxable income....but I am on pension now, so doesn't help me. Tax accountant said you could go back 5 yrs. Well gee Dee, I had only done it as a hobby, so after I paid for ingedients, lustre dust etc., I threw my receipts away. Accountant said I could  "guestamate??"  I honestly didn't do enough cakes to make it worth my while anyway. Probably around $200-300??? in expenses over 5 yrs?  But I didn't want the hassel of being the "lucky" person who might get a surprise "audit".

Anyway, Dee, check it out. You might be able to do the same thing.

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