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From: Sergey Kubushyn <ksi@koi8.net>
Newsgroups: sci.electronics.design
Subject: Re: Are you guys aware of this ticking time bomb?
Date: Mon, 21 Oct 2024 04:27:09 -0000 (UTC)
Organization: A noiseless patient Spider
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Don Y <blockedofcourse@foo.invalid> wrote:
> On 10/20/2024 8:11 PM, Sergey Kubushyn wrote:
>> Don Y <blockedofcourse@foo.invalid> wrote:
>>> On 10/20/2024 1:12 PM, Sergey Kubushyn wrote:
>>>> Don Y <blockedofcourse@foo.invalid> wrote:
>>>>> On 10/19/2024 3:54 PM, Sergey Kubushyn wrote:
>>>>>> The cherry on the cake is that most people are not even aware they have to
>>>>>> submit such reports...
>>>>>
>>>>> Of course, you are aware that you have to report and pay "Use Tax/Transaction
>>>>> Privilege Tax/Sales Tax" on any items for which you did not have said taxes
>>>>> taken out at time of purchase.  Regardless as to whether you are a business
>>>>> or a private individual...
>>>>>
>>>>> I.e., there are likely many requirements that you are unaware of.
>>>>> You *do* have a lawyer and accountant, right?
>>>>
>>>> I don't. I'm a one man shop filing my business taxes as Schedule C on my
>>>> personal tax return.
>>>
>>> That's your mistake.  Do you also diagnose your own health conditions?
>>> Do your own plumbing?
>> 
>> You hire somebody if you have money for this. And actual need. You probably
>> don't understand that there are many different situations.
> 
> You obviously (by your own evidence) *needed* someone to keep you aware of
> such things.  Instead, you are complaining because there is some requirement
> that you now are faced with that you consider irksome.

You still don't understand. I'm not complaining. Filed that form and forgot
about it. The original post was to WARN others who are not aware of that
sneaky law so they won't get fined unexpectedly.

It is YOU (not you personally but general "you") who started totally
irrelevant thread.

>> I have a permanent full time job. This is my main income source. I do also
>> have an LLC that I use for side contracts. Those are quite rare, don't even
>> happen every year. Didn't have any in 2023 and none this year. The LLC cash
>> flow is negative -- not even counting other expenses, just business license
>> cost pushes it in the negative territory. Do you think there is NEED for
>> hiring somebody to do nothing? And where the money to spend on such hiring
>> is supposed to come from?
> 
> Then close your shop!  Stop whining about the fact that it costs
> money to make money.  Make wooden birdhouses in your garage and
> sell them at local flee markets -- and hope your income doesn't
> rise to a level that attracts attention to that "unlicensed"
> business.

Why should I close shop? You probably don't understand what REAL engineer
is. And what is the life time passion to learn new things. I don't do this
because I HAVE TO for feeding my family. I'm a principal electrical engineer
with a big company with offices on all 6 continents, with a revenue in
billions. That pays good enough so I don't have to do those side contracts
or whatever. I'm picky and only take what's interesting and challenging, not
just ANY job that can make me some bucks. My primary job is similar, it is
always something new and challenging. It is probably difficult to imagine
that some people do whatever they love instead of what they must to earn
their bread and butter.

I like what I do. It is my lifetime passion for 50 years and I hope to die
doing stuff that I love to do. Would've been bored to death doing the same
routine job over and over again, day after day.

Highly recommend reading books, they rule. Try to start with e.g.
"Profession" by Isaac Asimov.

>> The other use for that LLC is to get calibration agreements and other stuff
>> with big companies that won't even talk to individuals. Ever tried Fluke for
>> example? And they are not an exception. Did you try to get proper Internet
>> connectivity with legal IP addresses where you can run your own server farm?
>> With your own domains, DNS, email, and everything else?
> 
> Again, if you don't have the money to play in that park, then
> don't!

I don't do it for money. I have enough from other source. And it is boring
to death doing the same job over and over again. It generates some money
from time to time when some interesting contract happens but it is not just
to earn some. You won't take your money with you in your grave. And doing
that just for money is boring. I'm engineer and I do engineering, not just
making money however I could. Not just electrical engineering but also other
stuff like software and more.

> I, early on, opted not to get involved in direct to customer
> marketing -- because I didn't want to deal with the liability
> issues.  I likely lost out on income generating opportunities
> but *benefited* from not having to worry about that stuff!
> I want to design things, not sell them!  "Salesman" is so
> insulting...
> 
>> As of doing own plumbing -- yes, I do. As well as woodworking, HVAC, small
>> construction, electrical, and whatever else. And I do all kinds of welding,
>> machining, metalworking, building prototypes, do software engineering close
>> to the bare metal and much more. I know that I will do it better than most
>> of so-called "professionals", will be confident that the work is done
>> properly, it will cost me way less than those "professional" services, will
>> do way less damage to my nervous system, and it is FUN to learn new skills.
>> I do have many licenses/certifications like e.g. EPA Universal HVAC that
>> allows me to work on ANY HVAC system. And I have tons of tools for
>> different trades that I purchase instead of paying "professionals" order of
>> magnitude higher price for each one-time job which is poorly done most of
>> the time.
> 
> But you clearly don't have the skills to track the legal requirements
> of your "side" business.
> 
> Or, just don't want to be bothered with them.
> 
> Yeah, I know.  Filing tax reports is annoying... why don't I just
> skip them?  It's also annoying to have to put away my tools
> each time I use them...

I do file my tax returns. There is no need for a special accountant for
that. I'm not in some boring business with thousands of receipts and such.
If I do a contract, it is usually rather lengthy thing with high price and
very simple accounting -- I just send an invoice every 2 weeks and get it
paid. With the same customer, maybe a couple or so per year. Don't need an
accountant for that. Especially when this doesn't happen EVERY year.

OK, that's going nowhere, no reason to waste time on that. Read
"Profession", recommended. There are many thousands of other good books but
that one is probably a good thing to start with.

Have lots of more interesting stuff to do than engage in empty demagogy. I'm
giving up, you can declare yourself a winner.


>> Also, I've been taught that an engineer must be able to do himself whatever
>> he wants the technicians and other workers are supposed to do to implement
>> his design. E.g. one may be not as skilled to do tricky welds but he should
>> be able at least start and keep an arc otherwise he has no moral authority
>> to make any demands on the workers and technicians. When you can do whatever
>> they can do you have their respect.
>> 
>> And those clients/customers who hire me are NOT one man shops. They have
>> money to burn and they don't have experience so they actually have a NEED.

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