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merchandise shrinkage
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Posted by viola8 z8 (My Page) on Mon, Apr 27, 09 at 22:02
| Anyone in a retail nursery care to share what percentage of their plant merchandise is lost to shrinkage?
I've heard there is a standard deduction for shrinkage with IRS but can't find that on the internet. Thought it might give me a bit of an idea what somebody considers "usual".
I'm looking at somewhere around 6%(dollars of dumped/lost plants compared to all plants sold ) in my department and wonder if it's at all in line with what others experience. This would be primarily annuals.
Thanks. |
Follow-Up Postings:
RE: merchandise shrinkage
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| No such thing as shrinkage with the IRS. It's all about what you spent and what you made. |
RE: merchandise shrinkage
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| With the IRS, you bring in $$ income and you have $$ expenses. the difference it taxable. This is a very simple explanation. So with plants, it costs you $$ for all of the supplies for the plants (expenses). and at the end of season, how many $$ of sales did you have. It doesn't matter to the IRS if you had plants disappear or were stolen, just how many $$ did you make. |
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