For this Creative Accounting post, I'm going to discuss something I've seen lots of confusion about on the Etsy forums and out on the inter webs - your tax ID number...and what exactly it is. Going into business and being a small biz owner opens up the door to a whole new confusing world. There are taxes. There are forms. To…
All information on this site is provided for general education purposes only and may not reflect changes in federal or state laws. It is not intended to be relied upon as legal, accounting, or tax advice. Please read my full disclaimer regarding this topic. If you're setting up shop (or even if you've been selling for a while), you've probably found yourself wondering about separating…
Today we're going to meet a very tricky guy (I feel like it's safe to assume that all tax-related things are male, yes?), the Schedule C. The Schedule C seems to pop up around this time every year, and he can get a little confusing. So, let's take things nice and slow, and I'm going to walk you through an easy…
I've been talking a lot lately around here about getting ready for taxes. We've discussed how to get your numbers caught up for 2016, doing your year end inventory count, and organizing your documents. Once you've got your numbers ready to go, you might be asking yourself - should I do my own taxes, or should I hire a professional? Maybe you're not sure…
Right around the end of the year, you may start hearing a lot about counting your inventory. Today I’m hosting an Inventory Workshop, which is my fancy way of saying I filmed a video answering the big questions I see about year end inventory. This is my attempt to explain inventory, cost of goods sold, and the dreaded year end count in about…
I recently discussed how to tackle your finances and bookkeeping if you've fallen behind this year. Today, I'm talking more in depth about getting your financial paperwork organized for year-end so that you're ready for tax prep. This applies whether you plan to do your taxes yourself, or turn the work over to a tax professional. Get ready to wrangle, sift, and sort…
The year is almost over! As a creative entrepreneur, hopefully you're taking time to enjoy the holiday season. Relaxing with your loved ones AND filling all those holiday orders is no small feat, am I right? Year end doesn't just mean jingle bells and fireworks, it means it's time to wrap up your financial records and prep for tax season. Did…
All information on this site is provided for general education purposes only and may not reflect changes in federal or state laws. It is not intended to be relied upon as legal, accounting, or tax advice. We strongly encourage you to always consult with a tax or accounting professional about your specific situation before taking any action. Please read our full disclaimer regarding this…
All information on this site is provided for general education purposes only and may not reflect changes in federal or state laws. It is not intended to be relied upon as legal, accounting, or tax advice. We strongly encourage you to always consult with a tax or accounting professional about your specific situation before taking any action. Please read our full disclaimer…
All information on this site is provided for general education purposes only and may not reflect changes in federal or state laws. It is not intended to be relied upon as legal, accounting, or tax advice. We strongly encourage you to always consult with a tax or accounting professional about your specific situation before taking any action. Please read our full disclaimer…