Form 1099-NEC is used to report non-employee compensation of $600 or more during the tax year (2020, 2021, 2022, 2023, etc.). Handmade business owners, if you paid more than $600 to someone that is NOT an employee, you could likely have to file a Form 1099-NEC. Tax season is here, and it means more than …
Are you ready for 2021? Make goals for your handmade business and skip the resolutions! That annual “fresh start” that comes with the New Year is just about here. Maybe, you’ve already started to think about it in the back of your mind or maybe you’ve actually taken action and started writing things down, in …
The results for the quiz asking if your bookkeeping needs are simple or complex ARE IN!!!!!!! Are you excited? I’m so excited to share the results with you. In case you missed last weeks blog post, which was a Quiz: Your handmade business bookkeeping – Is it simple or complex. If you missed it, you …
Have you set your 4th quarter and year end goals? Everyone in various Facebook groups is talking about goal setting. But no one is talking about setting year end goals to handle your finances. That’s where I come in 🙂 During the last 3 months of this year, I’m going to focus on helping you …
I’m so sorry for the “vanishing act” and I owe you all a HUGE apology! On August 25, my husband went in for shoulder surgery. He had a torn rotator cuff and two torn/frayed tendons in his right arm/shoulder. He’s right handed, and to say his arm and shoulder were a mess – would be …
10 things you should know about starting a handmade business that I’m betting no one has ever told you. Have you watched countless videos and signed up for a ton of courses on starting and running a handmade business. I know I did when I started my handmade biz several years ago. They all made …
Now that you have your shiny new handmade checking account, are you wondering how to use it and what you need to keep track of? I’m not trying to be mean, but so many people these days have no idea how to use that paper register book that comes with a checking account. According to …
How to find a bank for your handmade business will probably require you to do some research and it may cost some money up front. But honestly, that’s just part of being a business owner. Opening a business checking account makes your handmade business legitimate and keeps your personal money totally out of the picture. …
