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Your Questions About Kitchen Appliance Repair

Daniel asks…

How do you do taxes for a repair business?

Im starting an Appliance repair business for some high cost juicers and kitchen appliances. Im working from my home so im getting a business license and a tax id. My question is if i repair something for a person or business and i have to install parts, do i charge him tax on his invoice or do i just charge him labor? And when it comes time to do my taxes how would i claim labor on it? How much would i need to pay back?

James Conley answers:

Your state determines what is subject to sales tax and what it not. You must register with the state to collect and render sales taxes. Some states tax labor charges and some do not. Your state tax department can tell you what is taxable and what is not.

You pay your income taxes separately from sales taxes. Since you are self-employed you are required by law to keep accurate business records and you use those records to prepare your tax returns. You report your business income and expenses on Schedule C. If the net profit is $400 or more, you attach Schedule SE to calculate the self-employment tax.

If you estimate that you will owe more than $1,000 in tax when you file — about $7,000 in net profit will do that — you must make estimated tax payment using Form 1040-ES. If your state has an income tax they have a similar estimated tax payment system. Payments are due on 4/15, 6/15, 9/15 and 1/15 of the following year.

I’d highly recommend a consultation with a local tax pro — a CPA or EA who specializes in small business taxation — to get your bookkeeping system up to speed, set up your sales tax records, and estimate the quarterly income tax payments.

John asks…

Maytag electric range oven and clock not working after moving.?

I carefully moved the range out and back again while tiling a kitchen floor.Now the clock and controll panel do not light up and the oven doesn’t work. The burners and their red indicator lights however DO work. It is a Maytag unit a few years old with a 220 plug and black glass burner top.
Any ideas what to do?
If I get an appliance repair man in what will it cost?
Thanks for your help.

James Conley answers:

Maytag ovens have separate internal limit brake switches sounds like one or more has burned out . If its still under warranty call. If not yes call the repair man. 65$ to check it out

Thomas asks…

How do kitchen appliances do in an estate auction?

I am trying to figure out whether to keep the kitchen items (washer, dryer, stove, fridge) for the sale of the house, or try to have them part of the estate auction. Does anyone know how they sell in an auction? Or is it better to keep it for when I rent the house. Do these items make the house rent for alot more? Any ideas?

James Conley answers:

Kitchen appliance add value to the rental property. Keep in mind, however, that if the appliances are included in the lease, then you are responsible for repairs and replacements if the appliance should need repairs or malfunction.

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