Arts/Crafts Glossary of Terms
An alphabetical explanation of arts and crafts creative, technical and business terms. Definitions, purposes and applications to your arts/crafts business.
Average Tax Rate
The average tax rate is the total tax paid as a percentage of total income earned.
The average tax rate is the total tax paid as a percentage of total income earned.
Bridge Jewelry
Bridge jewelry is so named because it is the bridge between costume and fine jewelry.
Bridge jewelry is so named because it is the bridge between costume and fine jewelry.
Cease and Desist Letter - Protecting Copyrights
If someone infringes on your copyright and doesn't respond to your email request to remediate the situation, your next step is to send a cease-and-desist letter.
If someone infringes on your copyright and doesn't respond to your email request to remediate the situation, your next step is to send a cease-and-desist letter.
Depreciation
An expense allocating a tangible asset's cost over its useful life.
An expense allocating a tangible asset's cost over its useful life.
Flow-Through Business Entities
Find out about the flow-through type of business entity. Partnerships and S corporations are two types of flow-throughs.
Find out about the flow-through type of business entity. Partnerships and S corporations are two types of flow-throughs.
Google Maps
Mapping technology allowing viewers to find directions to a location.
Mapping technology allowing viewers to find directions to a location.
Informational Web Sites
An online presence used to provide information about a business.
An online presence used to provide information about a business.
Lease Inclusion Amount
The amount of money that is taxable as ordinary income when you use a leased vehicle in your business. The purpose is to equalize the tax effect between depreciating an owned vehicle and writing off a lease. Find out how it is figured and why.
The amount of money that is taxable as ordinary income when you use a leased vehicle in your business. The purpose is to equalize the tax effect between depreciating an owned vehicle and writing off a lease. Find out how it is figured and why.
Pixels per Inch (PPI)
The resolution of a print or online image is calculated in pixels per inch.
The resolution of a print or online image is calculated in pixels per inch.
S-Corporation
One of the three types of business entities.
One of the three types of business entities.
Safe Harbor
A safe harbor is a provision of Internal Revenue code that eliminates or reduces a taxpayer's liability if the taxpayer acted in good faith.
A safe harbor is a provision of Internal Revenue code that eliminates or reduces a taxpayer's liability if the taxpayer acted in good faith.
The Movement
Started in the late 1800s, the movement took a hard look at the effects of industrialization and discussed the topic of whether a hand-crafted object was superior to its mass produced counterpart.
Started in the late 1800s, the movement took a hard look at the effects of industrialization and discussed the topic of whether a hand-crafted object was superior to its mass produced counterpart.