How to calculate business use of home

Calculating Business Use of Home Costs for Finished Items

Calculating business use of home costs so that we can add that amount into the final cost of our finished items is important – but also very tricky.  Many handmade business owners (including myself) sort of work all over the house.   The IRS has some pretty specific rules for taking a business use of home …

3 methods for tracking costs of little parts & pieces

Tracking Costs of Little Parts & Pieces

Tracking costs of little parts and pieces that go into your final finished handmade creations can be totally mind boggling!  Here are some tips which we talked about in a live Facebook video this past week. If you are a yarn dyer you have the cost of baking soda, crochet thread, guar gum, litmus test …

Accounting for overhead expenses in your handmade business

Overhead Expenses-Your Handmade Business

Overhead expenses in your handmade business are confusing – it doesn’t mean that they are expenses that are literally over your head 😛 In a previous post – Keeping track of expenses for your handmade business, we learned that overhead is just an accounting speak term that means – costs (money you spend) in your business that …

Does tracking the cost of your handmade items have you frazzled?

Tracking Costs of Handmade Items Got You Frazzled?

Is tracking the cost of your handmade items have you frazzled?  Need a solution?  I have one for you – a FREE Project Pricing Worksheet. As handmade business owners tracking the costs of our finished items is every bit as important as keeping tack of ALL the costs to run our business. Do you: rely …