Has anyone paid cash to a vendor to avoid tax? If so, which vendors allow this? someone I know did this with her catering hall, 7 yrs ago, But is it risky to do that? any opinions?
Most vendors will eliminate tax if you pay in cash... DJ, Photo, Video... (not sure about reception hall though) it doesnt hurt asking... when i went to visit Duet their prices were listed with a plus tax, so i asked that question and they said they would offer a discount if we paid in cash... it never hurts to ask...when you go check out vendors and when it comes time to discuss price then just ask if it includes tax or not, that will usually open up the door for you...
I'm a lil skeptical about paying in cash. True they may give you a discounted price but I've read warnings against it in bridal magazines. They say to pay with credit card (gives you some extra time) or check so that you have a record of payment. This way the vendor can't give you a hard time and make unjust claims. There's no proof of payment with cash. Of course if you have a contract from a vendor you should make sure they note the initial deposit and then every payment you make on it. Just don't get stuck with unnecessary stress and headaches bc the vendor wants to play a fast one on you.
I asked my hall and they said even if we paid cash they still had to charge tax....
Posted by cindyandkevin
I'm a lil skeptical about paying in cash. True they may give you a discounted price but I've read warnings against it in bridal magazines. They say to pay with credit card (gives you some extra time) or check so that you have a record of payment. This way the vendor can't give you a hard time and make unjust claims. There's no proof of payment with cash. Of course if you have a contract from a vendor you should make sure they note the initial deposit and then every payment you make on it. Just don't get stuck with unnecessary stress and headaches bc the vendor wants to play a fast one on you.
i think this is a bad idea. i mean yes it saves some money but it is against the law and the reasons whey some companies go out of business
Most of them don't do it at all anymore - I know that my parents did w/ my Sweet 16 but that was 10 years ago - they are letting us do it at the restaurant where we are having our e-party and the only other person is the women that I am getting my chair covers from -
I paid cash to photographer, videographer and DJ. It states in the contract that payments were made, and I saved money by not paying tax. It works for us.
Posted by leighdvm
I paid cash to photographer, videographer and DJ. It states in the contract that payments were made, and I saved money by not paying tax. It works for us.
Posted by kase21
But more for practical sense, I pay for everything by check or credit card (which I'll pay off immediately), for the paper trail. There are way too many news stories and TV specials about people getting screwed and not being able to prove payments made. I would hate to have to explain to a court or insurance company that I didn't pay tax.
But I'm an accountant and could lose my job, so it's not an option for me. Those little taxes add up.![]()
I think if they are willing to 'discount' if you pay in cash they're shady. it's not a discount at all. The tax is not getting paid and the sale is not being reported to the IRS. It'srobably not being reported by them as income either. Forget it. Maybe I'm a goody goody. But I don't want to be involved in anything illegal
Posted by cjb88
Posted by leighdvm
I paid cash to photographer, videographer and DJ. It states in the contract that payments were made, and I saved money by not paying tax. It works for us.
Ditto!
Very interesting. I did not realize that.
