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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.

Bridge 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.

Depreciation

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.

Google Maps

Mapping technology allowing viewers to find directions to a location.

Informational Web Sites

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.

Pixels per Inch (PPI)

The resolution of a print or online image is calculated in pixels per inch.

S-Corporation

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.

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.
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