Looking for a good place for supplies
04-05-2010, 05:24 AM
#22
Power Poster
Join Date: Jan 2009
Location: Front row
Posts: 14,646
I order from JHittle, the only number I needed was a credit card number. :lol: No minimiun on how much you need to order either. One thing: Don't order anything with the thought you'll return it. There is a $25 restocking fee if you want to return an item. Nancy's Notions usually has sale prices on some items JHittle has so I check on her site first.
04-05-2010, 08:14 PM
#27
Super Member
Join Date: Jan 2008
Location: currently central new jersey
Posts: 8,623
mom-6 wrote
ah! that's tricky business.
in most states, you can get a license easily, usually free. you use that number when you're ordering and that entitles you to a wholesalers' discount. you already know that part. it's called a resale number. if a business wants to sell you a large 'lot', sometimes it's called wholesale, but it's really discount unless they ask for a resale number. or else they're breaking the law.
but if you use a resale number and get called on it by the IRS, you have to be able to show a set of books, meaning that you must be able to prove in ink and with receipts, that you bought whatever for a business and for-profit purposes (since you're not a non-profit organization).
AND, since you're now a business, you have to file a tax return, quarterly, showing all that. you used to be able to go for three years without making a profit, as many starting businesses do. but you still have to file, showing that. after those years were up, you had to show a profit. what the rules are now, i don't know. i have a number from years ago when i sewed and sold, and to tell the truth, it's such a pain trying to prove what i'm using it for and filing four times a year that i haven't used it in over twenty-five years. i wonder if it's still good or if they expire? who cares?
Usually in order to purchase wholesale from a vendor you have to have a 'for resale' tax certificate/tax id #, although I have heard of some allowing anyone who is purchasing in volume(say multiple whole bolts of fabric) to do so at the wholesale price.
I know about 20-25 years ago I purchased the fabric for square dance skirts for a whole club that wanted identical skirts direct from the manufacturer at a price lower than we could get it from the local retailer since it was several bolts of fabric. Whether that was true wholesale pricing or just a volume discount, it was a cheaper price.
I know about 20-25 years ago I purchased the fabric for square dance skirts for a whole club that wanted identical skirts direct from the manufacturer at a price lower than we could get it from the local retailer since it was several bolts of fabric. Whether that was true wholesale pricing or just a volume discount, it was a cheaper price.
ah! that's tricky business.
in most states, you can get a license easily, usually free. you use that number when you're ordering and that entitles you to a wholesalers' discount. you already know that part. it's called a resale number. if a business wants to sell you a large 'lot', sometimes it's called wholesale, but it's really discount unless they ask for a resale number. or else they're breaking the law.
but if you use a resale number and get called on it by the IRS, you have to be able to show a set of books, meaning that you must be able to prove in ink and with receipts, that you bought whatever for a business and for-profit purposes (since you're not a non-profit organization).
AND, since you're now a business, you have to file a tax return, quarterly, showing all that. you used to be able to go for three years without making a profit, as many starting businesses do. but you still have to file, showing that. after those years were up, you had to show a profit. what the rules are now, i don't know. i have a number from years ago when i sewed and sold, and to tell the truth, it's such a pain trying to prove what i'm using it for and filing four times a year that i haven't used it in over twenty-five years. i wonder if it's still good or if they expire? who cares?
04-05-2010, 08:26 PM
#29
Super Member
Join Date: Apr 2007
Location: North Carolina - But otherwise, NOTW
Posts: 7,940
Originally Posted by butterflywing
mom-6 wrote
ah! that's tricky business.
in most states, you can get a license easily, usually free. you use that number when you're ordering and that entitles you to a wholesalers discount. you already know that part.
but if you get called on it by the IRS, you have to be able to show a set of books, meaning that you must be able to prove in ink and with receipts, that you bought whatever for a business and for-profit purposes (since you're not a non-profit organization).
AND, since you're now a business, you have to file a tax return, quarterly, showing all that. you used to be able to go for three years without making a profit, as many starting businesses do. but you still have to file, showing that. after those years were up, you had to show a profit. what the rules are now, i don't know. i have a number from years ago when i sewed and sold, and to tell the truth, it's such a pain trying to prove what i'm using it for and filing four times a year that i haven't used it in over twenty-five years. i wonder if it's still good or if they expire?
Usually in order to purchase wholesale from a vendor you have to have a 'for resale' tax certificate/tax id #, although I have heard of some allowing anyone who is purchasing in volume(say multiple whole bolts of fabric) to do so at the wholesale price.
I know about 20-25 years ago I purchased the fabric for square dance skirts for a whole club that wanted identical skirts direct from the manufacturer at a price lower than we could get it from the local retailer since it was several bolts of fabric. Whether that was true wholesale pricing or just a volume discount, it was a cheaper price.
I know about 20-25 years ago I purchased the fabric for square dance skirts for a whole club that wanted identical skirts direct from the manufacturer at a price lower than we could get it from the local retailer since it was several bolts of fabric. Whether that was true wholesale pricing or just a volume discount, it was a cheaper price.
ah! that's tricky business.
in most states, you can get a license easily, usually free. you use that number when you're ordering and that entitles you to a wholesalers discount. you already know that part.
but if you get called on it by the IRS, you have to be able to show a set of books, meaning that you must be able to prove in ink and with receipts, that you bought whatever for a business and for-profit purposes (since you're not a non-profit organization).
AND, since you're now a business, you have to file a tax return, quarterly, showing all that. you used to be able to go for three years without making a profit, as many starting businesses do. but you still have to file, showing that. after those years were up, you had to show a profit. what the rules are now, i don't know. i have a number from years ago when i sewed and sold, and to tell the truth, it's such a pain trying to prove what i'm using it for and filing four times a year that i haven't used it in over twenty-five years. i wonder if it's still good or if they expire?
04-05-2010, 08:38 PM
#30
Super Member
Join Date: Jan 2008
Location: currently central new jersey
Posts: 8,623
Originally Posted by lfw045
Originally Posted by cheryl222
Jhittle is by far the lowest price I have found. The website is horrible to navigate but once you get the idea of how it works, the prices are fantastic. If you don't see what you need, just call and they usually have it for a very good price.
wholesale just means that you're buying a lot and getting a better price. they buy more than a lot (below wholesale) and get an even better price. they can sell to people who buy a lot and give them a better price than retail (the wholesale price). and they can sell to you a little above wholesale and you get a great deal and they don't have to ask for a number and they make up in volume whatever discount you get. plus they eliminate the paperwork of dealing with wholesale.
i hope i explained that so someone understands it. LOL.
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