This week we’ll talk about how the Tax Cuts and Job Act will impact those of you who are running a real business. Last week we talked about how the new Tax Laws impact those of you who treat your handmade business as a hobby – you can read that article here. Let me clarify …
Wondering how the new tax laws will impact your handmade business in 2018? I’ve been wondering too and now that my taxes for 2017 are done and there is better information available, I’ve been doing some research. Here’s what I’ve found so far. First off, let me make it perfectly clear and remind you that …
So, here we are almost a month later and things are still pretty messy around here {SIGH} The last time I posted I told you that I purchased a NEW theme called Blossom Feminine Pro, have installed and configured it on a test site, resized all of my images, and thought it would only take a couple …
Saturday, February 10, 2018 Good morning everyone 🙂 I just wanted to give everyone a heads up that things are going to be a little messy around here for a week or so while I add a new theme to the site and get everything looking and working properly. When I launched this site back …
What do you want to know about starting a handmade business and bookkeeping for your handmade business? It’s occurred to me that I can write all kinds of articles about starting a handmade business and bookkeeping for your handmade business – BUT – if I’m not answering YOUR questions, then I’m just adding to all …
Equity – that’s an accounting speak for your handmade business term used by CPA’s, tax professionals, and business advisors for the ownership in a company or business – expressed in a dollar amount. That’s why Equity are the third section of your Chart of Accounts and your Balance Sheet report. What the heck is Equity? Equity is a tricky little …
Liabilities – that’s an accounting speak for your handmade business term used by CPA’s, tax professionals, and business advisors for money that you owe or will owe to others. That’s why Liabilities are the second section of your Chart of Accounts. Liabilities are divided into two categories: When it comes to bookkeeping, accounting, taxes, and the IRS – …
Understanding what assets are in your handmade business doesn’t have to be daunting. We break down the financial jargon, from current assets to long-term investments. Let’s demystify the accounting lingo and empower your creative venture.
