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Showing results 1 - 10 of 15 for the tag: Dollars & Sense.
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Gift Annuity: You Give, Then Receive (11/11/08)
Editor’s Note: CPA Jim Sturgill always gives sound advice to antiques-and-collectibles dealers and collectors. Here he suggests a win-win way for anyone to make charitable contributions in this down economy.
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Simple Ways to Save Money (11/4/08)
I visited a family of antiques dealers this morning at their store in a nearby strip mall. I commented that the store was cold, which resulted in the owner telling me how bad the gas furnace was. Noting that all the ductwork was in the ceiling, I suggested that the ducts may be leaking and heating the area above the ceiling tiles.
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When Art & Antiques Cause a Bloody Nose (8/16/08)
You never know what’s going to set off a family fight in the world of art, antiques and collectibles. In the case of the Krebs clan, it began with a three-scoop, chocolate ice-cream cone.
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Estate Planning—Stop the Squabbling, Save the Family (8/8/08)
When it comes to dividing an estate, ordinarily level-headed, rational people often act like 3-year-olds arguing over who gets the Slinky and who gets the yo-yo. The funeral is barely concluded when the squabbling begins over the disposition of art, antiques and collectibles.
“Why do you get the antique Lalique wineglasses? You don’t know a Burgundy from a Bordeaux.”
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Estate Planning—Where Are the Coin Collectibles? (7/25/08)
During the early 1980s, one of my favorite clients was the owner of an antiques shop who also owned a restaurant and bar with several pool tables. The client was rather elderly but quite alert and worked long hours seven days a week. During the 1930s, ’40s and ’50s, his restaurant supplied area service clubs with fried chicken and fried fish (known as a chicken fry or fish fry).
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18 Things Worth Knowing about the Business of Antiques and Collectibles (7/22/08)
In case you didn’t know:
* There are more than 41,500 antiques shops/dealers in the U.S.A.. according to the “2008 Business Reference Guide.”
* Many antique shops have sold for 20% of annual sales plus inventory at cost. This is a rule of thumb and not applicable to all antiques shops.
* Most antiques shops are started by collectors.
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Antiques Shops Make More Money “Buying Right” (7/5/08)
Many years past, I learned an important lesson that applies to most, if not all, businesses, antiques and collectibles shops included. The president of a local meat-packing company and I were reviewing the company’s financial statements and one-year outlook.
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Antiques shops make more money “buying right” (7/3/08)
Many years past, I learned an important lesson that applies to most, if not all, businesses, antiques and collectibles shops included. The president of local meat-packing company and I were reviewing the company’s financial statements and one-year outlook. This was an intense meeting as competition was fierce and the company’s survival depended on the decisions made and business model chosen.
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