@taxi818 wrote:
@red259 wrote:
@taxi818 wrote:Me , I would not do it. i would just get a paypal account either mastercard or smart connect and do it. This would be much easier than jeopardizing the relationship with Amex. Or maybe they will code it as a Cash advance. Also, What kind of Good Accountant don't take credit cards. Hmmm Shady
Actually my account is not shady and is a CPA. He doesn't like taking them because they cut into his fees. I don't take credit cards for my business anymore either, because the merchant fees can become quite substantial on larger transactions.
Although its true the merchant fees can be high. Me being in the taxi business. i think i run about 80k a year in credit card and the fees come to a couple thousand each year. The amount of business it drives to my business is more than offset. and in fact those fees i pay for the merchant fee can be written off on taxes as business expenses. So cpa or not any Good accountant would know that instantly and know the money has no effect what so ever on their bottom line.
Driving a cab is a little bit of a different nature of client interaction than someone who is handling business accounts for companies. Someone driving a taxi is probably not going to take a check and will not necessarily know the identity of the client. Same premise with restaurants. People working with businesses on longer engagements will which eliminates the need for an instant payment of cash.
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@CreditCuriousity wrote:would have to agree w/Taxi on this... Cost of doing business and you will get more business taking CC's. I agree it can add up, but if you think of the amount of business you possibly could lose then taking CC seems to be the clear choice. If one cab A doesn't take CC and Cab B does, I take cab B. Alot of people are this way as well... Just tack on the fee if you don't want to eat it to services/goods sold or offer cash discount.
Yea, but see my post above. We are dealing with businesses here.Few people are refusing to hire an accountant because they do not take credit cards.
@red259 wrote:
@CreditCuriousity wrote:would have to agree w/Taxi on this... Cost of doing business and you will get more business taking CC's. I agree it can add up, but if you think of the amount of business you possibly could lose then taking CC seems to be the clear choice. If one cab A doesn't take CC and Cab B does, I take cab B. Alot of people are this way as well... Just tack on the fee if you don't want to eat it to services/goods sold or offer cash discount.
Yea, but see my post above. We are dealing with businesses here.Few people are refusing to hire an accountant because they do not take credit cards.
MyFico community would disagree, but we arre a unique crowd and not the normal here
.. I understand your point though, I would find one that does lol
@CreditCuriousity wrote:
@red259 wrote:
@CreditCuriousity wrote:would have to agree w/Taxi on this... Cost of doing business and you will get more business taking CC's. I agree it can add up, but if you think of the amount of business you possibly could lose then taking CC seems to be the clear choice. If one cab A doesn't take CC and Cab B does, I take cab B. Alot of people are this way as well... Just tack on the fee if you don't want to eat it to services/goods sold or offer cash discount.
Yea, but see my post above. We are dealing with businesses here.Few people are refusing to hire an accountant because they do not take credit cards.
MyFico community would disagree, but we arre a unique crowd and not the normal here
True we are not the norm. However, I'm not talking about looking for someone to do a one off individual tax return, but more complicated tax work. I base my decision on who I know is competent to handle my finances. I wouldn't want to just call some random guy in the phonebook because I have seen a number of lousy accountants in my line of work as well. A 5 minute wait to find another cab or a bad meal at a restaurant is one thing. An IRS audit as a result of poorly prepared paperwork or thousands of dollars from missed deducitions is an entirely different story!
@Anonymous wrote:I have a side business on eBay where my supplier is located in China. I use my Amex to pay them a few hundred dollars evey week and I never had a problem yet. Is this something I should be concerned about? Why would it be a problem using Amex on PayPal?
There isn't I just was double checking. I wouldn't do it because the fee is quite high and would cancel out the value of the points, but I also have alternative payment methods I can use.
@red259 wrote:
@CreditCuriousity wrote:
@red259 wrote:
@CreditCuriousity wrote:would have to agree w/Taxi on this... Cost of doing business and you will get more business taking CC's. I agree it can add up, but if you think of the amount of business you possibly could lose then taking CC seems to be the clear choice. If one cab A doesn't take CC and Cab B does, I take cab B. Alot of people are this way as well... Just tack on the fee if you don't want to eat it to services/goods sold or offer cash discount.
Yea, but see my post above. We are dealing with businesses here.Few people are refusing to hire an accountant because they do not take credit cards.
MyFico community would disagree, but we arre a unique crowd and not the normal here
True we are not the norm. However, I'm not talking about looking for someone to do a one off individual tax return, but more complicated tax work. I base my decision on who I know is competent to handle my finances. I wouldn't want to just call some random guy in the phonebook because I have seen a number of lousy accountants in my line of work as well. A 5 minute wait to find another cab or a bad meal at a restaurant is one thing. An IRS audit as a result of poorly prepared paperwork or thousands of dollars from missed deducitions is an entirely different story!
Ya lets not talk about that going through an audit form 2010 I got hit with this year from the IRS and they were kind enough to pass the info to the state as well, thus a second audit.. Out of pocket 11k+ between the two 
.. I did my own taxes that year and forgot about something and did they ever tack on penalities and interest! Least I don't have to worry about being audited for 11/12/13/14 anymore if anything good came out of this lol
@CreditCuriousity wrote:
@red259 wrote:
@CreditCuriousity wrote:
@red259 wrote:
@CreditCuriousity wrote:would have to agree w/Taxi on this... Cost of doing business and you will get more business taking CC's. I agree it can add up, but if you think of the amount of business you possibly could lose then taking CC seems to be the clear choice. If one cab A doesn't take CC and Cab B does, I take cab B. Alot of people are this way as well... Just tack on the fee if you don't want to eat it to services/goods sold or offer cash discount.
Yea, but see my post above. We are dealing with businesses here.Few people are refusing to hire an accountant because they do not take credit cards.
MyFico community would disagree, but we arre a unique crowd and not the normal here
True we are not the norm. However, I'm not talking about looking for someone to do a one off individual tax return, but more complicated tax work. I base my decision on who I know is competent to handle my finances. I wouldn't want to just call some random guy in the phonebook because I have seen a number of lousy accountants in my line of work as well. A 5 minute wait to find another cab or a bad meal at a restaurant is one thing. An IRS audit as a result of poorly prepared paperwork or thousands of dollars from missed deducitions is an entirely different story!
Ya lets not talk about that going through an audit form 2010 I got hit with this year from the IRS and they were kind enough to pass the info to the state as well, thus a second audit.. Out of pocket 11k+ between the two
@CreditCuriousity wrote:
@red259 wrote:
@CreditCuriousity wrote:
@red259 wrote:
@CreditCuriousity wrote:would have to agree w/Taxi on this... Cost of doing business and you will get more business taking CC's. I agree it can add up, but if you think of the amount of business you possibly could lose then taking CC seems to be the clear choice. If one cab A doesn't take CC and Cab B does, I take cab B. Alot of people are this way as well... Just tack on the fee if you don't want to eat it to services/goods sold or offer cash discount.
Yea, but see my post above. We are dealing with businesses here.Few people are refusing to hire an accountant because they do not take credit cards.
MyFico community would disagree, but we arre a unique crowd and not the normal here
True we are not the norm. However, I'm not talking about looking for someone to do a one off individual tax return, but more complicated tax work. I base my decision on who I know is competent to handle my finances. I wouldn't want to just call some random guy in the phonebook because I have seen a number of lousy accountants in my line of work as well. A 5 minute wait to find another cab or a bad meal at a restaurant is one thing. An IRS audit as a result of poorly prepared paperwork or thousands of dollars from missed deducitions is an entirely different story!
Ya lets not talk about that going through an audit form 2010 I got hit with this year from the IRS and they were kind enough to pass the info to the state as well, thus a second audit.. Out of pocket 11k+ between the two
Yes, the feds share info with the states when it comes to that and it can be a hassle if one side has the wrong figures. Lets get off that topic because it feels like bad karma even talking about it!