Bookkeeping + Schedule C: A Step-by-Step Guide for Handmade Business Owners
Schedule C doesn’t have to feel confusing or intimidating. If you’re a handmade business owner with a solid bookkeeping system, this tax form becomes much easier to complete. In this post, you’ll learn how your bookkeeping numbers flow directly into Schedule C, what the IRS is really asking for, and how organizing your income, expenses, inventory, and cost of goods sold can make tax time far less stressful.
Etsy, PayPal & the 1099-K: What Handmade Sellers Need to Know
If you sell on Etsy or accept payments through PayPal, you’ve probably heard scary talk about the 1099-K. The rules have changed — and not always in the way the internet makes it sound. This post breaks down what the 1099-K really is, when you’ll receive one, how state rules can differ, and what handmade business owners actually need to pay attention to at tax time (without panicking).
End tax time panic, update your bookkeeping all year
Want to end tax time panic? It’s simple, update your bookkeeping weekly all year long. Tax time comes but once a year. So many handmade business owner scramble to do months worth of bookkeeping tasks to “hurry up” and get ready for tax time, in a relatively short amount of time – hating every second …