Hello Cheffers,I Have a Table at a Craft Fair This Weekend and

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Discussion Overview

This thread centers around a participant's experience preparing for a craft fair in Guam, specifically addressing concerns about local retail tax obligations and the implications for their business. Participants share their personal experiences and thoughts regarding tax responsibilities and the challenges of operating a business in Guam.

Discussion Character

  • Anecdotal
  • Opinion-based
  • Exploratory

Main Points Raised

  • One participant, identifying as a consultant, discusses their recent acquisition of a business license and the local retail tax of 4% applicable to direct sales businesses.
  • Another participant suggests contacting headquarters for clarification on tax responsibilities, noting that typically the customer pays the tax.
  • One participant shares their experience after consulting with a tax accountant, revealing they are responsible for the tax on each sale but can deduct it on their income tax return.
  • Another participant mentions the complexities of being in a U.S. territory, expressing frustration over the perception of Guam's status and its impact on tax obligations.
  • Several users express annoyance about the tax situation in Guam, with one participant noting the corrupt nature of the local government.
  • One participant, identifying as a Navy wife, reflects on the stability provided by military jobs despite the challenges faced in Guam.
  • Another participant agrees with the sentiment about the difficulties of living in Guam, emphasizing the importance of job security in the current economy.

Areas of Agreement / Disagreement

Views differ regarding the tax obligations and the implications of operating in Guam, with some participants expressing frustration and others sharing coping strategies. No clear consensus emerges on the best approach to handling the retail tax.

Contextual Notes

The discussion reflects the unique challenges faced by consultants operating in Guam, particularly regarding tax regulations and the perception of the territory's status in relation to the U.S.

Who May Find This Useful

Consultants operating in U.S. territories, particularly those in Guam, may find the shared experiences and insights relevant to their own business practices.

J
jessicafawn
Gold Member
Messages
209
Hello Cheffers,

I have a table at a craft fair this weekend and just got my business license for it yesterday. I will also be applying for a permanent business license shortly. I have a question though. In Guam there is no "tax" but they charge a "retail tax" of 4% to direct sales businesses, myself included.
My question is, can I pass this 4% on to my customers or do I eat it myself? I don't have the slightest idea which way to go. If I were in the states tax gets charged to purchasers and it shouldn't be any different here.
I have to report my sales to Guam's tax and revenue office after the fair and fear what the "bill" will be. :eek:

Any help would be greatly appreciated.
 
Re: tax???I would call HO on this one. Generally we don't need a business license and the tax is always paid by the customer.
 
  • Thread starter
  • #3
Re: tax???I talked with HO and was transferred to one of the Tax Accountants, JoAnn. She was really nice and very helpful.
Turns out I am responsible for the tax of each sale. http://i57.photobucket.com/albums/g239/jessicafawn/smilies/wow.gif But from what she gathered, I can deduct the amount I pay in "GRT" on my income tax return.

I really can't wait to get back to the states so I don't have to worry about this bs. Excuse my ... well... writing.

There are some great things about Guam but there are some very bad things too... and this is one of them. The government here is so corrupt and who knows where this tax actually goes.

Grrrrrr. http://i57.photobucket.com/albums/g239/jessicafawn/smilies/wall.gif

Thanks for listening.

Oh... and Happy Halloween http://i57.photobucket.com/albums/g239/jessicafawn/smilies/leaves_falling.gif
 
Re: tax???Yick! On the Military Base in Japan, we get around the Japan laws by being SOFA Status. But since you are already in a US Territory, I guess that you don't get to be exempt. So sorry!
 
  • Thread starter
  • #5
Re: tax???I wish that was the case. We get screwed all the time because many people don't consider us part of the US but then we are considered parts of the US for other things. It's very annoying. Looks like I'll have to save some of my commission to pay the 4% GRT. I'll save my receipt for tax time, that's for sure.
 
Re: tax???
jessicafawn said:
I wish that was the case. We get screwed all the time because many people don't consider us part of the US but then we are considered parts of the US for other things. It's very annoying. Looks like I'll have to save some of my commission to pay the 4% GRT. I'll save my receipt for tax time, that's for sure.
Click to expand...

Just think positively- tax time is the end of January/beginning of Feb (when military's W-2 comes out) so its only 2-3 months away to be able to write it all off. Its better than 6-10months away! ;)

You are right- the military families get jacked here and there but let me tell you one very important thing- They keep their jobs through good times and bad (economy right now is big!) and so we can keep our families stable with money and what not vs being in limbo. :) I'm a Navy wife so I can feel your pain.
 
  • Thread starter
  • #7
Re: tax???I have no problems with the Navy, being a Navy wife, or any of the things that go along with it. My problems are with Guam and how corrupt it is.
I just hope when Tax time comes I'll get it all back.
 
Re: tax???Oh I know you don't have a problem with the Navy or anything- I was agreeing with the fact that sometimes where we go we get jacked (for you- Guam & the Tax issue) but I guess I didn't say it right (sorry)......even though you are having to pay for it, its better than having to worry about him losing his job. So to pay out of pocket, recover it on your taxes in only a few short months, is better than trying to start your life over finding a new job because of the economy. :-)
 

Frequently Asked Questions

What should I bring to my craft fair table for Pampered Chef?

Make sure to bring a variety of Pampered Chef products to showcase, including your best sellers and new items. Don't forget to include catalogs, order forms, business cards, and any promotional materials. Additionally, consider bringing a tablecloth, display stands, and samples of food prepared using Pampered Chef tools to attract customers.

How can I attract customers to my table at the craft fair?

To attract customers, create an eye-catching display with colorful signage and organized product arrangements. Offer free samples of food made with Pampered Chef products, as this can draw people in. Engage with passersby by greeting them warmly and inviting them to try your samples or ask questions about the products.

What are effective ways to promote my Pampered Chef business at the craft fair?

Utilize social media to promote your presence at the craft fair ahead of time. Share posts about what you’ll be showcasing and any special offers. During the event, encourage attendees to follow your social media accounts for updates and promotions. Consider running a giveaway or contest to increase engagement and attract more visitors to your table.

How should I handle sales and payments at the craft fair?

Prepare to accept multiple forms of payment, including cash, credit/debit cards, and mobile payment options. Consider using a mobile payment app or device to facilitate card transactions. Have a secure way to store cash and keep track of sales. Make sure to provide receipts for purchases and clearly communicate any shipping policies for items that may need to be ordered.

What should I do after the craft fair is over?

After the craft fair, follow up with any leads you collected, such as potential customers who expressed interest in your products. Send thank-you notes or emails to those who made purchases or showed interest. Evaluate your sales and customer interactions to identify what worked well and what could be improved for future events. Keep track of your inventory and plan for restocking any popular items.

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