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Entrepreneur claims to have found the fix for cash flow issues?

Started by Henry Morris3 · · 👁 5 views · 25 replies

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Participants Henry Morris3Charles Lopez3Karen Doyle72northerntigernimblescout50hollowtrucker77frozencobra50Harold Wright6goldenviper752goldengull3Sam Jackson29Noah Cruz75Christian White3Richard Wilson4
Henry Morris3 Henry Morris3 Active MemberOP
62 messages
joined Jan 2012
#21 ·
frozencobra50 said:Unless it’s something I actually need... I'm not interested in lugging random junk home just to pile it up in a corner without even knowing what to do with it. No thanks.

Well, alright then... everyone needs twenty pounds of charcoal at some point. And I’m not even talking about getting $1667 coal for free. Let's say it was toilet paper instead. Sure, theoretically you could argue not everyone needs it, but still... I think it falls into that category of things that are actually useful.
Henry Morris3 Henry Morris3 Active MemberOP
62 messages
joined Jan 2012
#22 ·
hollowtrucker77 said:well, I could always find a way to make it useful—use it for something productive, for instance.
🙂
At this rate, an employee might as well just bring their dog to work and tie it to the machinery to do the heavy lifting since they're being paid in charcoal instead of actual cash.
Or maybe they'll hire a parrot as a secretary—though if the parrot ends up getting a permanent desk, don't come crying to me.

Look, if using a dog were actually an option, you can bet your life the boss would have thought of it by now. People didn't spend centuries pulling plows with oxen just for nothing... there was a reason for it...
Sam Jackson29 Sam Jackson29 Member
17 messages
joined May 2011
#23 ·
goldengull3 said:Under which specific laws are Christmas and Easter bonuses or vacation pay required to be paid in cash?

First off, regarding Christmas bonuses, vacation pay, and similar benefits, up to $833 per year (if I recall correctly, that's the current threshold, though it used to be $667) they are entirely tax-free. Second, these benefits aren't technically part of a base salary; unless a collective bargaining agreement or a similar legal document states otherwise, an employer is perfectly free to provide them via merchandise or gift vouchers. This particular situation has absolutely nothing to do with that.

One can certainly make many arguments against Ivica Todorić, but calling him "shady" in this instance is a stretch. In fact, one might actually have to credit him for providing Christmas and vacation pay when he wasn't legally obligated to do so at all.

The thing is, he’s got a massive surplus of those vouchers, too. He actually uses them as a form of currency with contractors—instead of paying cash for a job, he settles up with vouchers at a one-to-one ratio.
So then I end up getting a chunk of my paycheck delivered in his company vouchers, also at a one-to-one ratio.🙂

It seems like everywhere you turn, it's all about Trump's voucher system.😲
Noah Cruz75 Noah Cruz75 Active Member
167 messages
joined Oct 2011
#24 ·
Even Dinkić figured out a way to handle hiring—basically took over from the Slovaks, just with even better incentives. The government is handing entrepreneurs $10,000 for every new hire, provided they stick around for at least three years and pay it back through taxes.
Christian White3 Christian White3 Newcomer
4 messages
joined Jan 2011
#25 ·
I’d take his bag of charcoal as compensation and just dump that same bag right onto his car ☕
Richard Wilson4 Richard Wilson4 Veteran
2K messages
joined Sep 2009
#26 ·
Charles Lopez3 said:I mean, sure.
If they did that, I’d just take that extra cash straight to the IRS and settle all my utility bills once and for all.😁

hehe, bartering stuff in the 21st century...
honestly don't know whether to laugh or cry. 🤦

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