How To Catch Up On Your Bookkeeping – For Etsy Sellers

How to Catch Up on Your Bookkeeping – for Etsy Sellers

Note: This post (along with the free checklist) has been updated for 2017! If you are feeling really behind and overwhelmed, make sure you get on the early bird list for the 2017 Bite-Sized Bookkeeping Bootcamp right here. It will be open to enrollment in mid-November and those on the wait list will get access to an exclusive discount. The…

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Pricing Handmade Goods – Re-examining Your Price Formula

Pricing Handmade Goods – Re-examining Your Price Formula

So you try your hand at one of those suggested pricing formulas for your handmade goods, and the resulting price seems crazy high. Nobody's going to buy your product for that price! What's a handmade seller to do? This post is a continuation of our series on pricing handmade goods for Etsy shop owners and other creative entrepreneurs. Visit all…

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Etsy Pricing Formula – How To Price For Handmade

Etsy Pricing Formula – How to Price for Handmade

Today we’re going to discuss how to price your handmade goods and my recommended "Etsy pricing formula". Pricing your handcrafted products or designs can be one of the most challenging tasks for a creative entrepreneur or artist (that's why I eventually created a spreadsheet that helps you do it!). You can have an awesome product, a cohesive brand, a great webpage…you…

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Five Financial Mistakes Etsy Sellers Make

Five Financial Mistakes Etsy Sellers Make

Hola friend! I've been helping Etsy sellers and creative entrepreneurs get their finances in gear since 2015. So I've been around the block a few times. Today, I'd like to briefly walk through the top five financial mistakes I see Etsy shop owners making. Before I dive in, let me say there's no shame in setting up your shop without…

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When Do I Need To Worry About Taxes For My Shop? {The Hobby Vs. Business Myth}

When do I need to worry about taxes for my shop? {The hobby vs. business myth}

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. Alright friends. Today I'm going to talk about something serious. Something that keeps rearing it's ugly head around the internet, basically…

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What Is My Tax ID Number? EIN Vs. Sales Tax ID

What is my tax ID number? EIN vs. Sales Tax ID

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…

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Separating Business And Personal Funds

Separating Business and Personal Funds

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…

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An Overview Of The Schedule C

An Overview of the Schedule C

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…

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What It’s Like To Work With A Tax Professional

What it’s like to work with a tax professional

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…

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Year End Inventory Workshop

Year End Inventory Workshop

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…

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