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Kit fees, kit rentals, and box rentals are all basically the same thing. The production is paying you for wear and tear on equipment that you own, which you use on the shoot.
Are box rentals taxable?
California. In California, there is a sales tax on essentially every type of tangible property rental.
What is box kit inventory?
Kit fees, on the other hand, cover purchases originally made by a crew member for that crew member, that the production may utilize, and then pay a kit fee for using it for the projects purposes.
What is the formula for equipment rental?
The estimated yearly rental dollars a rental business wishes to attain are calculated by multiplying the total cost of a piece of equipment x 5% / month x 13 x 80%. Following this formula would achieve a gross profit of 35% to 40%, which would cover maintenance, insurance, and the modest fuel they use (if applicable).
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