We cover bookkeeping, tax and accounting issues for makers.
bookkeeping tax
We show you the easy (and surefire way!) to calculate your Cost of Goods Sold (COGS) as a small manufacturing business.
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.
What every Etsy seller needs to know in 2024 about Etsy Marketplace Sales Taxes.
As part of the American Rescue Plan announced by President Biden, 1099-K thresholds have changed for some states which will affect many Etsy sellers.
We show you how to calculate your COGS using weighted (or rolling) averaging costs.
Not sure how the Etsy Payment Account page is calculated? Read our blog post for a complete rundown.
We walk you through the reasons why it's important for your small business to have a sales tax ID (or EIN) number.
Struggling with figuring out how to download the sales tax data you need from Etsy? We discuss how you can do this quickly and easily.
We show you how to locate and download totals for your spend on Etsy shipping fees.
We show you how to complete and file your Schedule C form (1040) using simple step by step instructions.
We explain, in simple terms, periodic and perpetual inventory systems and the pros and cons of each.
We discuss how cash based accounting may not be the best option for your handmade business.
We discuss the considerations around how to select the best bookkeeping software if you are a handmade business.
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.
We discuss the different structures available for US businesses, and show you the advantages and disadvantages of each one.
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