When was the last time you looked at your receipts and didn’t instantly want to pour another cup of coffee?
Here’s the truth — your handmade business doesn’t just have one big pile of expenses; it has five.
Still using that mythical “Materials x 3′ rule to price your handmade products? You’re not alone. Too many makers price their work based on what “feels right” or what someone else told them to charge. In this post, we’re setting the record straight — and figuring out what your fair hourly wage really is.
Bookkeeping isn’t just about math — it’s how handmade business owners understand if they’re really making money. It helps you handle taxes, see your true profit, and price your creations with confidence. Start small, stay consistent, and use bookkeeping to make smarter business decisions (without losing your creative spark).
Starting August 29, 2025, the de minimis exemption for imports under $800 disappears — meaning more fees, slower shipping, and possible headaches for handmade business owners. Whether you order supplies from overseas, buy from domestic suppliers, or ship internationally, these changes could impact your costs and timelines. Here’s what you need to know and how to adapt.
The BOI Report, a report handmade businesses that are LLC’s, S or C Corporations must file with the U.S. Treasury – Financial Crimes Enforcement Network. Sole proprietors are not required to file. BOI stands for Beneficial Ownership Information. UPDATE: The Treasury Dept has extended the 12/31/24 deadline to 1/13/25. The NACPA is lobbying for 90 …
Bookkeeping: The Secret Sauce (Free eBook). A 76-page eBooks that’s your guide to understanding the bookkeeping & taxes for your handmade, creative, or craft business. Discover what the handmade business coaches aren’t telling you about bookkeeping & tax requirements now that you are a business instead of a hobby. Grab your copy today and learn …
Transform your craft business with Zoho Books and Zoho Inventory – the dynamic duo designed for makers, creators, and designers. Say goodbye to spreadsheet headaches and pricey alternatives. Discover budget-friendly pricing, seamless integration, and YarnyBookkeeper’s upcoming spreadsheet solution. Craft your financial success effortlessly!
Untangling the knots of bookkeeping can feel as challenging as deciphering a complex crochet pattern. But fear not, fellow craftpreneurs! Discover the transformative power of setting clear goals. From managing inventory woes to achieving financial clarity, our journey together begins with simple, achievable milestones.
