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Sell your gently used children’s stuff online |
VinKid.com, short for “Vintage Kid Exchange,” is a site that enables users to buy, sell or trade gently used children’s products and keep 100 percent of the proceeds. The concept was borne out of first-time mom and Phoenix resident Nikki Rae’s efforts to purge herself of an overabundance of kid's items. While consignment stores take a percentage of sales, and often only select merchandise that their limited clientele will consider, VinKid.com does not restrict merchandise based on geography, seasons or size since sales are negotiated directly between buyers and sellers online. Proceeds are retained by the seller—no taxes, no fees and no hidden charges. VinKid.com allows users to upload photos, create a product description and engage in a discussion with potential buyers or sellers. Transaction and delivery arrangements are made between buyer and seller, using common tools such as PayPal and credit cards. To help stock its virtual shelves, VinKid.com is offering a chance for sellers to win a Gucci handbag, with an entry submitted for every item uploaded to the site hrough Sept. 30. For more information, visit www.VinKid.com.
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MONEY MATTERS Tax breaks with self-employment |
By Harvey Amwake, C.P.A.
Whether you’re contemplating the leap into self-employment or have already jumped, be aware of the available tax breaks.
Accelerated expensing. Planning to purchase new or used equipment or software for your business? You may be able to deduct up to $250,000 of the cost on your 2010 federal income tax return. The immediate expensing trims both taxable income and the amount subject to self-employment tax. The write-off also reduces your adjusted gross income, which would increase deductions that are calculated using this figure. Home office. If you conduct business from your home, you may be entitled to a deduction for home office expenses. You may qualify to write off the business portion of your home utility bills, insurance, maintenance, and other expenses. The requirements for deductibility are very strict; get details if you think you might qualify.
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McMurry donates diapers to food bank |
McMurry, a marketing communications firm in North Central Phoenix, recently collected 21,888 diapers during a month-long, company-wide diaper drive to benefit the St. Mary’s Food Bank Alliance Diaper program. McMurry’s employees embraced the challenge in friendly but competitive fashion—working to fill the office of CEO Chris McMurry with diapers with the winning team earning a breakfast with McMurry for their efforts. A St. Mary’s delivery truck arrived at the McMurry offices, located at 1010 E. Missouri Ave., on July 9 to pick up the diaper donation.
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Lorenz to lead business banking |
David Lorenz has been named manager for Wells Fargo’s Phoenix Business Bank. Lorenz leads a six-member team of business banking professionals who provide an array of products such as treasury management, business payroll, merchant cards, business cards, leasing, equipment financing and lending. His office is at 2355 E. Camelback Road. Prior to his appointment, Lorenz was a principal relationship manager for Wells Fargo Business Banking in the North Valley.
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Awards dinner & free business expo |
On Sept. 30, the Sunnyslope Village Alliance will recognize members in the community who have enhanced the quality of life in Sunnyslope during its Business Recognition dinner event. This annual event provides an opportunity to bring business members and residents together to meet in a social setting at the Mountain Preserve Reception Center, 1431 East Dunlap Ave. The evening will include a Business Expo to introduce local businesses to the community. The expo, which begins at 5 p.m., is free and open to all members of the community. The expo will be followed by a buffet dinner, complimentary wine and presentation of awards starting at 7 p.m. Tickets are $50; advanced reservations are suggested. Limited tickets also will be available at the door. For more information, call Scott Lind at the Sunnyslope Village Alliance, 602-944-0941, or Rachael Potter at Desert Mission Renewal, 602-331-5833.
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