Handmadeology

The most important thing to keep in mind is that the 1099-K has no way of knowing how much you spent to maintain your business.

Simply My Harvest LLC is a series of financial e-courses created especially for creative entrepreneurs. These courses are designed to empower you and your business from your first steps to tax time and everything in between.

Handmade Bookkeeping Complete will be the last time you will ever need to spend money on a bookkeeping system for your Etsy business.

Tax time is kicking into high gear. Here are some tips to help you file your taxes and common mistakes to avoid.

Most handmade artists need to know and follow this concept, but it is often misunderstood. Using COGS is the most accurate way to account for your business’ financial position.

I made the mistake of waiting until January (tax time) to sum up all of my totals. After ringing up all of my supply receipts, totaling my Etsy and PayPal fees, alongside with my booth fees for craft fairs, etc. the conclusion became clear: my business expenses were near DOUBLE what I grossed in sales. I shouldn’t have been shocked, but I was.

The New Year is the perfect time to clean up the financial side of your small business. There is no better time to start managing your finances than the beginning of January, because it is a time of “new beginnings” and for practical tax, legal, and bookkeeping considerations.

Instead of working on my taxes today, I decided to make a Treasury instead!

For those Etsy sellers that have been using Outright.com as their bookkeeping system, they are now charging $9.95 per month. The Handmade Bookkeeping Spreadsheet is a perfect alternative that only costs $48.

Here are 11 financial topics you can resolve and make a positive change for in 2011!Here are 11 financial topics you can resolve and make a positive change for in 2011!

As we approach the end of the calendar year, here are five things to remember before you overdose on eggnog and Christmas cookies!