We cover bookkeeping, tax and accounting issues for makers.
bookkeeping tax
If your handmade business sells physical products, Form 1125-A is how you report your cost of goods sold to the IRS. Here's exactly what each line means — and a worked example for makers.
Colorado's Retail Delivery Fee is $0.28 per order in 2026. Here's what Etsy and Shopify sellers need to know about who it applies to, the small seller exemption, and how to stay compliant.
What every Etsy seller needs to know in 2026 about Etsy Marketplace Sales Taxes and how the marketplace facilitator rules affect your filing obligations.
The weighted average cost method calculates inventory value by averaging purchase costs across all units on hand — here's how it works and why makers use it.
Confused by your Etsy Payment Account? This guide explains every number — Amount Due, Available for Deposit, Current Balance — plus fees, deposit schedules, and bookkeeping tips.
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.
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.
Etsy shipping label costs don't go where most sellers think. Here's how to correctly claim them — and your shipping supplies — on Schedule C, with line numbers for the 2025 tax year.
We ♥ to help makers just like you to become more successful. Please join our newsletter to receive regular updates and actionable tips on how to take your maker business to the next level!
We care about the protection of your data. Read our Privacy Policy.
Because they don't know what their products actually cost to make.
Every week, one practical tip on pricing, materials, and COGS — the numbers that turn a busy craft business into a profitable one.
Sent weekly. Unsubscribe any time.
![Sales Tax ID vs EIN: What's the Difference? [2026 Guide]](https://craftybase.b-cdn.net/static/blog/posts/what-is-my-sales-tax-id-number-thumb-a6e81a41cc2d49e034e715a40ce74607d25bafbd5f28b7f2bca826a03441fce4994bd4e46a8192c6bbfcdfce5d3e5205fe32b3070b37903a6e4b30297e4cb5b0.png)
