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Sales & Use Tax

How To fill out a Sales & Use Tax Return

Learning how to fill out a Sales & Use Tax Return can be a challenge for a handmade or creative business owner, well actually any sort of business owner. The second quarter just ended on June 30, so that means here in the U.S. many business owners need to complete and submit a Sales (& …

Sales Tax is totally overwhelming and often confusing for handmade and/or creative business owner.  And it's little wonder -   few understand (or even want to think about) the impact that the Supreme Court ruling that went into effect June 21, 2018 had on every business that sells on the internet. Here's the DIRTY lowdown on Sales Tax and it's impact on your creative biz.

Sales Tax-The DIRTY lowdown

Sales Tax-the DIRTY lowdown of how it impacts your handmade or creative business. Sales Tax is totally overwhelming and often confusing for handmade and/or creative business owners.  And it’s little wonder –   few understand (or even want to think about) the impact that the Supreme Court ruling that went into effect June 21, 2018 had …

Tax time. Review your bookkeeping records

Tax time, review your bookkeeping records

Tax time is almost here in the U.S. and that means it’s time to review your bookkeeping records and reports.  For some of us, it may actually mean several days of grueling data entry.  Either way, once the data is entered, you need to carefully review your reports for accuracy. For most of us here …

2 methods for tracking use tax in your handmade business

Use tax tracking tips for your handmade business

Two use tax tracking tips for your handmade business – one using QuickBooks and the other using spreadsheets. Last week we talked about the difference between Sales & Use tax and how it’s your responsibility to keep track of the amount of Use tax that you owe the tax department when you file your Sales & Use …

set aside your self-employment taxes

Self-employment taxes & your handmade business

Self-employment taxes are your responsibility when you have a handmade business. You don’t have a choice and you can’t choose when you start contributing or paying these types of self-employment taxes. Tax payments are a major part of running your handmade business – you have the Sales Tax payments to the State that you need …

Sales Tax, Economic Nexus & your handmade business

Sales Tax, Economic Nexus & Your handmade business

Sales tax laws are changing quickly – and as a handmade business owner you need to know the rules about economic nexus and be prepared! You may have heard or read about South Dakota vs. Wayfair, Inc. and sort of just dismissed it for any number of reasons – but it is a really big deal. Under this …