Helping handmade, creative and craft business owners learn to handle their bookkeeping, one step at a time!
Helping handmade, creative and craft business owners learn to handle their bookkeeping, one step at a time!
Starting a handmade or creative business involves a LOT of things. It’s doubtful that you wake up one morning and say “Gee, I’m going to start a handmade business today”. Well you could, but if you do you could run into some serious problems.
The BOI Report, a report handmade businesses that are LLC’s, S or C Corporations must file with the U.S. Treasury – Financial Crimes Enforcement Network. Sole proprietors are not required to file. BOI stands for Beneficial Ownership Information. UPDATE: The Treasury Dept has extended the 12/31/24 deadline to 1/13/25. The NACPA is lobbying for 90 …
6 reasons you need good bookkeeping records it the topic for today’s blog post. I’m betting most of you are thinking that the reason you need good bookkeeping records is so you don’t piss off the IRS. That’s part of it, but really there’s so much more to it than that! Maybe up until now, …
When should I start a bookkeeping system for my handmade or creative business is a question that is asked a lot. Let’s start with WHY its hard to get a straight answer to this question: There’s a lot of conflicting information out there on the internet. Some of this information is outdated and you won’t …
Are you a hobby or a business in the eyes of the IRS? Good question! Probably one that you haven’t or don’t ask yourself. But you should because it’s important. The IRS normally views knitting and crocheting as hobbies. Really this applies to ANY type of handcraft or handmade item – jewelry, quilting, card making, …
10 things you should know about starting a handmade business that I’m betting no one has ever told you. Have you watched countless videos and signed up for a ton of courses on starting and running a handmade business. I know I did when I started my handmade biz several years ago. They all made …
Are you REALLY ready to run a handmade or creative biz? Chances are you’ve read about how easy it is to become your own boss and have spent more hours than you care to admit fantasizing about becoming a handmade or creative biz owner – but, have you stopped to ask yourself if you’re REALLY …
Choosing a business structure for your handmade (creative) biz is one of the first things you should do. Keep in mind that the legal structure you choose impacts everything – and I do mean EVERYTHING! You will need to research the different types of business structures that there are (I’ll give you a head start …
Handmade business OVERWHELM! A topic that few people discuss, mainly because everyone seems to want to lead you to believe that running a handmade business is EASY – and they focus on the glamour of owning and running your own business. Well, I’m different – I’m brutally honest. Owning a handmade business isn’t for the …