Handmade business OVERWHELM! A topic that few people discuss, mainly because everyone seems to want to lead you to believe that running a handmade business is EASY – and they focus on the glamour of owning and running your own business. Well, I’m different – I’m brutally honest. Owning a handmade business isn’t for the …
Tracking income and expenses by venue or customer and the various jobs/projects you do for them is something every handmade business owner will want or need to do at some point. We might want to know which craft fair we spent the most money on and the amount of money that we made from that …
Tracking sales tax in your handmade business can be a total pain and it could get worse! On Tuesday 4/17/18 the Supreme Court took up the battle between states and web retailers over the collection and remittance of Sales Tax and this could result in small business owners have to collect and remit Sales Tax …
Sometimes our best laid plans often go down the drain. That’s what happened to me this week. Like many of you I have a a demanding “other” job and sometimes that interfere’s with EVERYTHING and my plans just go down the drain. If you have a job in addition to your handmade business or if …
Calculating business use of home costs so that we can add that amount into the final cost of our finished items is important – but also very tricky. Many handmade business owners (including myself) sort of work all over the house. The IRS has some pretty specific rules for taking a business use of home …
Tracking costs of little parts and pieces that go into your final finished handmade creations can be totally mind boggling! Here are some tips which we talked about in a live Facebook video this past week. No matter what you make there are always going to be items such as this that are hard to …
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 …
