Woodworker's Journal 1983-7-4, страница 12
INDUSTRIAL RATING - ALL BALL BEARING CONSTRUCTION RYOBI „ _ l-sbo 6V1 Power Planer to 5 amps 16.000 rpm ma* cul shipped m wooden bo* FREE High rpm, large orbit sanders most used by retimshers and boatyards, where fast Cutting action is required One RYOBI fishing reel with each RYOBI tool purchased KINGSTOWN TOOL CORP. 3530 Quaker Lane. North Kingstown, R1 02852 order desk 1-600-852-9700 informa/ion 401-295-5472 money order. Visa'Master Card. Toots available tor same day shipment Workshop Incomeby Paul W. Kellam Keep Track of Costs or You'll be Overtaxed When a cupboard you made is sold and money comes in, most likely you'll think in terms of having exchanged a cupboard for dollars. It wouid be more accurate to think of it not as a cupboard but as a top, a back, two sides, two shelves, two drawers and four legs. But that would disregard such things as cutting, sanding, fastening together, and finishing -- the artistry, skill and labor elements that have become part of the cupboard. It would also disregard such things as designing the piece, organizing the work and finding a customer -more artistry, plus administration. And it would also disregard such hard-to-pin-down things as tools and shop "consumed" in the process -- the overhead elements. What you have sold, actually, is value you have added to lumber by rearranging, reshaping and beautifying it. And what the customer has received is much more than wood, much more than merely a utilitarian device in which to store things. If that's all there were to it a stack of orange crates might do. The artistry is the best part. It's intangible but it's what multiplies the value of the wood. You've added a piece of yourself to every square inch. It's the value of the artistry that we've been concentrating on in these columns in past issues. For that artistic value added is the real value of the created piece and a value that many woodworkers — unfortunately — frequently underestimate. Indeed, as we've said, if you don't price your work high enough to capture all the hidden costs of production (overhead, investment, administration, etc.) in effect you are devaluing the artistry that you've put into the piece. And that, after all, is the most precious asset you have to sell. If you don't appreciate this, you should, for Uncle Sam does. He will let you write off the value of the wood and other materials as business expense. He won't tax that. But he does want a piece of the action of the value you've added to it personally. You can even write off artistry you've paid others to add. Those are labor costs. Uncle has his ways of extracting his pound of flesh from them. (You help, of course, by deducting taxes from your workers' pay). But you can't write off the value of your own contribution. And thanks to our system of graduated tax rates, the bigger your contribution is the bigger the share Uncle wants. All of this is to emphasize that virtually every cost that goes into that cupboard, except for your personal contribution, is tax deductible. That means thai every cost not kept track of comes out of your talented hide, which makes for a sad state of affairs. It forces us to keep track of every nickel and dime of cost - to keep books. I'd rather be working wood. But without good bookkeeping I'm sure to pay Uncle more than I owe. The Internal Revenue Service really isn't interested in the time or skill you put in, measured in hours. All they care about is the difference between what the product cost you in dollars to make and what you sold it for. The difference is presumed to be your skill, your labor, and that's what is taxed. So it makes sense to account for all the dollar costs you can. Two areas in which dollar costs often get over- SALE $195. HYOBI 5-500 exira blades 120 fence $19. RYOBI B-7200A 4" x 24" Belt Sander 1148 sfm 8 7 amps 16 7 lbs with dust bag RYOBI 3 HP Plunge Router 22.000 rpm 13 3 amps H, V collet! 2H" plunge capacity win guide *ol<J»r, ilriight and ■Oll»r Quid® SALE $95. ppd 1/6 ih*«l Palm Sander RYOBI SU-S200 Sander -1/2 sheet 50.000 or til I 2 9 amps 12.000 orbit 1.S tmpi $44. SALE $169. ppd /deal1 lor r1 obi t§qu>nng t weigW saidtr SALE $169. ppd B&O. Rockwell lempiaie adapter S3 10 RYOBI TH-30 Formica Router 3 0 imp* 29.000 rpm roller trimming guide end straight guide assembly SALE $75. ppd Straight bit with bearing J10 for FREE CATALOG ■ send two stamps with name and address ' . POOH ltPS tn Conhtiinln u S OT, Order desk open Monday through Friday 8 lo 6 Saturday B to 6 Sunday 11 to t MAKITA BO-4510 Palm Sander 12.000 orbit I B amps 4" * 4V High rpm. small orbit saoder most used on clear wood construction where slow culling action and no swirls are required SALE $46. ppd a.e.g. VS-260 Sander 25.000 orbit 2 4 amps 4VJ" » SK" Ultra high rpm. small or bit. minimum culling action Use aliar you have sanded wilh another sander tirst Produces the ultimate swirl tree finish SALE $123. ppd Also available with vacuum aVSS-260 $143 ppd |
