No, they are passed on to the consumer who pays for items?Nordstroms should close every store in CA and move, I don't see how retail can remain profitable under these conditions. Are losses for theft tax deductible?
No, they are passed on to the consumer who pays for items?Nordstroms should close every store in CA and move, I don't see how retail can remain profitable under these conditions. Are losses for theft tax deductible?
Of course they are. If you had a pizza place and someone stole your cheese you would order more cheese to replace it and both batches would be an expense you can deduct…Nordstroms should close every store in CA and move, I don't see how retail can remain profitable under these conditions. Are losses for theft tax deductible?
I'm pretty sure loses from casualty or theft is tax deductible. They wouldn't necessarily recoup all the loses though. So yeah, that would just be passed on to the consumers.No, they are passed on to the consumer who pays for items?
Don't they have shortage or shrinkage insurance that covers theft losses?I'm pretty sure loses from casualty or theft is tax deductible. They wouldn't necessarily recoup all the loses though. So yeah, that would just be passed on to the consumers.
Likely with a big deductible…Don't they have shortage or shrinkage insurance that covers theft losses?
No. It is not OK at all. People bringing up tax deductions and insurance does NOT make it OK, just discussion. Everything about this costs more for honest people and that, of course, is wrong.Am I following the tenor here?
It is OK to steal from me because I have to pay big bucks to insure my business and I have deep pockets?
I'll just pass the cost onto you! You seem to be good with that!
It's like Fauci said, "...do what you're told."
**** Fauci.It's like Fauci said, "...do what you're told."
No it's not ok. But the premise is not correct. The people stealing are not customers who will be charged more to cover costs.Am I following the tenor here?
It is OK to steal from me because I have to pay big bucks to insure my business and I have deep pockets?
I'll just pass the cost onto you! You seem to be good with that!