January 26, 2008
Toscanini's Reopens
This afternoon, the Globe reported that Cambridge ice-cream store Toscanini's is back in business. After the state seized the store for nonpayment of taxes, the owners raised enough money online to give to the state and reopen.
The amount of money was staggering--$31,406 as of tonight on the site www.savetoscis.com. Owners Gus and Mimi Rancatore turned over the money, so they can open up and start paying off the rest of it.
In an e-mail answering whether or not Toscanini's had a business plan or changes to keep them out of any further trouble, Gus Rancatore told this Bostonist, "We have already made changes. We have been current with taxes for several years. The problems began years ago when we launched an ill-starred expansion. If we weren't current the store would be gone."
The Weekly Dig also added that Toscanini's might owe them some money, too. As in, "several thousand dollars in advertising."
Screengrab of the current Toscanini's home page, featuring an image by alphabeedesign that you should see in its full size.
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I admit it, i donated money because I love their chocolate cake batter ice cream - and the owners have supported our band in the past - which is very nice of them, but really shouldn't we find them a good accountant, I'm worried about my favorite flavour ;-)
Come to think of it, as a musician I kinda have a nightmare tax situation myself, I have i-9s from 17 different states and WC45-E's from 6 countries
OMG what shall I do!
Maybe you should get some tax help because an I9 is the form employers fill out to show it's legal for you work in the US, not a tax form. Perhaps you are thinking of a 1099? It's the form given to indendent contractors who make more than $600 from an employer.
The different states issue shouldn't matter. File your state taxes wherever you are a resident. Of course, IANATA (tax advisor, that is).
The Andleman brothers brought up a good point on their radio show yesterday. Should we really be taking up collections for criminals? Plenty of other retail business people manage to survive while paying taxes. If taxes aren't in your budget, you shouldn't be in business in the first place. A cash business is more temptation than some people can handle. Why does the fact that they sell a great product endow them with diplomatic immunity?