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  • Hey all, just changed over the backend after 15 years I figured time to give it a bit of an update, its probably gonna be a bit weird for most of you and i am sure there is a few bugs to work out but it should kinda work the same as before... hopefully :)

Who ordered EPIC stage 2? Let's try and count?

#1223, Stage 2 ordered.
 
Antonio Forjaz said:
I think you are not getting it....When I say 127 is 10%, I do not mean that of the 8000 plus RED's only 10% will order, what I mean is the the number 127 is 10% of the total amount of EPIC stage 2 orders. Understand?
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Ah... You're right. I didn't get it.

Slow Friday.

Interesting math, though -:)

Sorry.

-:)
 
Antonio Forjaz said:
There might be many more stage 3 EPICS...as it is less of an investment (at least it looks like it at a glance, not that I think it is) but if you are low on cash, stage 3 is a good option, pay 10.500, give your RED back...and nearly all the RED accessories work on the EPIC...


Update 129 EPIC's confirmed on this thread.
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I think you may be right, Antonio. Stage 2 was opened up during some pretty hard times and I think many people decided to just wait for stage 3 to see if their fortunes could support an Epic. Plus, the MX sensor was doing great work on the R-1
 
There are a lot more even among frequent redusers, I think I could add about 10-15 cameras to this list alone, but there are a lot of reasons not to post on a list like this.

It's fun to follow, though.
 
THREAD CLOSED

THREAD CLOSED

Guess then :closed2ur0:
 
This came up in another thread but seemed like it might be relevant here.

Erich Roland said:
snip... and some people even need to spend money for year-end for taxes purposes, etc.
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This is an important point that I would like RED to consider. Getting epic shipped by end of year would be an immediate 20-30% cost/cashflow reduction since many of us can expense the whole amount (law allows up to $250,000 of purchases to be expensed rather than amortized over five years).

Not to mention if they don't ship by years end our seven month old $5K deposit will be 20-30% more expensive since we couldn't use it for some other actual purchase - deposits aren't deductible (if any accountant types know different, tell us please).
 
Getting epic shipped by end of year would be an immediate 20-30% cost/cashflow reduction since many of us can expense the whole amount (law allows up to about $110000 of purchases to be expensed rather than amortized over five years).
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It looks like Section 179 is being lowered to 25,000 for 2011. It is $250,000 in 2010.
 
Michael Hastings said:
This came up in another thread but seemed like it might be relevant here.



This is an important point that I would like RED to consider. Getting epic shipped by end of year would be an immediate 20-30% cost/cashflow reduction since many of us can expense the whole amount (law allows up to $250,000 of purchases to be expensed rather than amortized over five years).

Not to mention if they don't ship by years end our seven month old $5K deposit will be 20-30% more expensive since we couldn't use it for some other actual purchase - deposits aren't deductible (if any accountant types know different, tell us please).
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I'm not an accountant, but I believe that even If you use accrual accounting, the deposit for Epic would be deductible because Red actually invoiced the deposits. (That's why they don't show up in your account at the Red store.)

As to the other deposits, I believe it depends on whether you do cash or accrual accounting. If you file taxes using cash basis, money you've paid into your Red account would be deductible because the cash is gone. You should check to be sure with your accountant, but I think that's the case.
 
I ordered one EPIC stage 2, red #274 delivered Dec 2007
 
D Fuller said:
I'm not an accountant, but I believe that even If you use accrual accounting, the deposit for Epic would be deductible because Red actually invoiced the deposits. (That's why they don't show up in your account at the Red store.)

As to the other deposits, I believe it depends on whether you do cash or accrual accounting. If you file taxes using cash basis, money you've paid into your Red account would be deductible because the cash is gone. You should check to be sure with your accountant, but I think that's the case.
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But nothing was delivered, so it would just go on the books as a cash asset, like a security deposit on a warehouse.

If someone totally invoices you for something it is a little easier to fudge, but here there will be a clear track to the final (large) payment many months later, so a bit dangerous to not just go by the book.

It would be a lot simpler if they would just ship it soon! :)
 
#3303 stage 2 all the waaaayyyyy
cheers;)
 
132 EPIC's UP TO NOW

132 EPIC's UP TO NOW

So, tally up, 132 EPIC's up to now...any more want to add to the tally?

you can see the list at the start of the thread
 
Michael Hastings said:
But nothing was delivered, so it would just go on the books as a cash asset, like a security deposit on a warehouse.

If someone totally invoices you for something it is a little easier to fudge, but here there will be a clear track to the final (large) payment many months later, so a bit dangerous to not just go by the book.

It would be a lot simpler if they would just ship it soon! :)
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Michael, it's not a fudge. In cash accounting, if you have sent away the cash, it is considered gone. You can pre-pay rent and deduct it. You can pre-pay editing services at your favorite post house and deduct it. You can pre-pay for a Red and deduct it. If you get the money back, you book it as income and pay taxes on it. On the other hand, if you pre-bill 50% of a shoot and haven't paid the crew yet, you are taxed on the whole 50%.

Talk to you accountant about it. There is nothing underhanded about it, it simply looks at the flow of cash in and out of your business rather than the accrual of debits and credits.
 
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