We cover bookkeeping, tax and accounting issues for makers.
bookkeeping tax
A sales tax ID is a state-issued number for collecting sales tax. An EIN is a federal ID from the IRS. Learn the key differences, who needs each, and how to apply.
Struggling with downloading the sales tax data you need from Etsy? We show you step by step how to access this important data for your handmade business.
We show you how to locate and download totals for your spend on Etsy shipping fees.
Step-by-step Schedule C instructions for sole proprietor makers filing their 2025 tax return — covering income, expenses, COGS, and common mistakes to avoid.
We compare periodic and perpetual inventory systems side by side — how each works, the key formulas, pros and cons, and which is right for small makers and handmade businesses.
We discuss how cash based accounting may not be the best option for your handmade business.
Most bookkeeping tools are built for service businesses. Here's how to find one that actually works when you're making and selling physical products.
Confused about sales tax on handmade items? Here's what makers need to know about nexus, marketplace facilitator laws, and your annual tax obligations.
We discuss the different structures available for US businesses, and show you the advantages and disadvantages of each one.
Wondering if your handmade business is considered a hobby or a business? This article will explain the IRS 9-factor test, the tax implications for each classification, and what it means for makers who are just starting out.
This article discusses how shipping label costs from your Etsy sales can be claimed on your tax return.
If you are just starting your craft business and need some advice, or need some guidance on what to do next in order to grow your handmade business further then definitely consider arranging a mentor meeting with SCORE.
We walk you through how to get the sales and order data you need from Etsy's reporting and downloading options in our comprehensive guide.
If you store your inventory and product samples at home in a dedicated location, you should be eligible to claim for business use of this space without needing to meet the usual "exclusive use" test.
We explain what Etsy sellers need to know about the 1099K form, what you'll need to do with this form and what to do if you don't receive one.
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Because they don't know what their products actually cost to make.
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