Prepare for Black Friday shopping with a clear strategy. Define your goals, set a realistic budget, and research your desired items. Stick to your plan and track your expenses to ensure a successful, budget-friendly spree.
Your handmade business is making money! Congratulations! You’ve worked hard to get to this point! But what about the financial side of things? Are you ready for that? In this blog post, I’ll share 9 tips on what to do when the money starts rolling in but you haven’t setup a bookkeeping system to track …
It’s so easy to get distracted this time of year! But it’s time to get back to the business of making money with our business! This is the time of year that we all start to loose our bookkeeping momentum and get distracted. We come in HOT in January when we know that we have …
Tax season is HERE and it’s time to file your Schedule C! This post includes an overview of the Schedule C for craftpreneurs and how a good bookkeeping system helps you complete it.
Bookkeeping for designers is very different than for product makers – especially when it comes to keeping track of the cost to design a knit or crochet pattern. Designers have SO MANY questions: If so, the Bookkeeping for Designers – Free Training session is for you! How to sign-up for the free training: Once you …
Tax time is right around the corner, and if you’re a handmade business owner there are “things” you need to keep track of and record in your bookkeeping system for tax purposes. This post has some bookkeeping and tax time tips to make your life easier.
Handmade business expenses MUST BE BOTH ordinary and necessary, according to the IRS in Publication 535 – Business Expenses and Publication 334 – Tax Guide for Small Business, in order to be deductible on your Schedule C Tax Return. But what the heck does ordinary and necessary even mean? I’ll explain in this post.
Let’s talk about your handmade business finances and finance systems because I’m betting that those are terms you hear a lot and they sound pretty vague, right??? Like WTF do these terms even mean and what have I gotta do to make it all happen?????
If you’re like most handmade business owners, I’m betting you think that a handmade business finance system is just about getting a business bank account and then keeping personal and business expenses separate – because that’s what you’ve been told.
But there’s SO much more to it than just having a business bank account and keeping business and personal expenses separate.