Revenue and Profit, Don’t Get Confused Between The Two
Revenue and Profit are two totally different things in your handmade business. Don’t get confused between these two terms. To get straight to the point. Revenue is the money you make by selling your finished items or patterns. Profit is what’s left after paying your expenses. Many handmade business owners get totally confused by the …
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 …