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).
Handmade Business Expenses 101: What Counts (Ordinary, Necessary & Reasonable)
Confused about what actually counts as a business expense in your handmade business?
The IRS says expenses must be ordinary, necessary, and reasonable — but what does that really mean for makers who buy yarn, tools, and supplies all year long? In this post, we break it down in plain English with real handmade-business examples, so you can make confident expense decisions (and stop second-guessing every receipt at tax time).
COGS + Inventory: 3 Reasons Handmade Sellers Can’t Ignore
Tracking Cost of Goods Sold (COGS) and inventory can feel confusing because bookkeeping, pricing, and taxes all use them differently. This post breaks down the 3 real reasons handmade sellers need to track COGS + inventory — with a full start-to-finish example so your numbers (and profit) finally make sense.