Inventory, manufacturing process, business success topics for small DTC manufacturers.
bookkeeping tax
We show you the easy (and surefire way!) to calculate your Cost of Goods Sold (COGS) as a small manufacturing business.
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.
inventory management
Thinking of setting up or purchasing a spreadsheet to get your handmade inventory under control? Before you do, you'll want to read this.
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 finer details from a tax perspective.
The Tax Cuts and Jobs Act was just signed into law by President Trump - what does this mean for small handmade sellers?
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.
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.
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.
Around the end of January, some handmade sellers will receive a form in the post called the 1099-K. In this post, we explain what this form is about, what you'll need to do with it and what to do if you don't receive one.
Unfortunately, Etsy doesn't currently provide a easy way of obtaining your financial sales information for tax time. We show you an easier way!
As a maker, one of the first things to realise is that you are not just a retailer of your goods - you are also a manufacturer of them. Why does this matter? Well for starters, it changes everything about the way you need to report your end of year revenue and expenses to the IRS.
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.
Join the Craftybase email community to get regular tips and recommendations by and for small makers like you! (Emails come just once a week — we know you’re busy ❤️)
* We hate spam as much as you do!