Posts tagged with tax

Inventory, manufacturing process, business success topics for small DTC manufacturers.

inventory management

A Simple Guide to Form 1125-A (Cost of Goods Sold).

A simple, step by step walkthrough of the IRS Form 1125-A.

· 9 min read

bookkeeping tax

How do I easily calculate Cost of Goods Sold (COGS)? A step-by-step guide.

We show you the easy (and surefire way!) to calculate your Cost of Goods Sold (COGS) accurately and with a minimum of fuss.

· 20 min read

bookkeeping tax

The Colorado Retail Delivery Fee: What You Need to Know

This blog post discusses Colorado's Retail Delivery Fee (RDF). It includes information on what the tax is for, how it works, and who needs to be aware of it.

· 5 min read

bookkeeping tax

How does Etsy handle Marketplace Facilitator Tax? (updated for 2024)

What every Etsy seller needs to know in 2024 about Etsy Marketplace Sales Taxes.

· 2 min read

bookkeeping tax

Understanding your Etsy Payment Account

Not sure how the Etsy Payment Account page is calculated? Read our blog post for a complete rundown.

· 6 min read

bookkeeping tax

How to get a sales tax report from Etsy: The Step-by-Step Guide

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.

· 9 min read

bookkeeping tax

Schedule C: Your Easy Step By Step Instruction Guide

We show you how to complete and file your Schedule C form (1040) using simple step by step instructions.

· 23 min read

bookkeeping tax

Why inventory based craft businesses should use the accrual method

We discuss how cash based accounting may not be the best option for your handmade business.

· 4 min read

bookkeeping tax

How to choose the best bookkeeping software for your handmade business

We discuss the considerations around how to select the best bookkeeping software if you are a handmade business.

· 3 min read

bookkeeping tax

Do I Have To Charge Sales Tax on Handmade Items?

Confused about your tax obligations as a handmade seller? Read on to find out how to stay on the right side of the tax man.

· 12 min read

bookkeeping tax

Choosing the right structure for your handmade business

We discuss the different structures available for US businesses, and show you the advantages and disadvantages of each one.

· 4 min read

bookkeeping tax

Is my handmade shop a Hobby or a Business?

Wondering if your handmade business is considered a hobby or a business? This article will explain the finer details from a tax perspective.

· 4 min read

bookkeeping tax

Is quickbooks self employed worth it?

If you are sole trader that makes your own products then Quickbooks Self Employed (SE) is most likely not your best option - we discuss why.

· 2 min read

bookkeeping tax

How to prepare for your SCORE mentor meeting

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.

· 2 min read

bookkeeping tax

Handmade inventory storage and the home office deduction

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.

· 4 min read

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