Arts / Crafts Business: Most Popular Articles
There are three types of financial statements: income statement, balance sheet and statement of cash flows. Each one serves a different purpose and contains different information. You should regularly review each one.
Easy DIY instruction for making an adjustable bracelet knot. The adjustable knot lets the bracelet get larger so that it's easy to put on and with a pull of the bracelet cords, smaller so it has a snug fit.
If you operate as a sole proprietor, partnership, or S-Corporation to be able to write off your arts and crafts expenses, your work has to be regarded as a business rather than a hobby. Find out how to report arts and crafts revenue and expenses if you're deemed to be a hobby rather than a business. Page 2.
If you paid a non-corporate entity more than $599.99 for services provided to your arts and crafts business in 2009, you'll need to issue them a Form 1099-MISC. The Form 1099-MISC has to be issued to the recipient by the last day in January and mailed to the Internal Revenue Service with the Form 1096 (transmittal form) by the last day of February.
A list of the steps to take before starting a craft business and quick tips about each step.
One area of confusion when deducting business-related expenses is the office in the home. Find out how to prepare the tax return Form 8829. Page 2.
All crafts can be broken down into five major headings: textile, paper, decorative, fashion and functional. Check out the list below and you may have an ‘aha!’ moment. Sometimes we’re just so busy doing the everyday tasks that make up our business that we forget there are other complimentary craft areas we can expand into.
Your arts and crafts business will have a merchandise inventory if you operate a retail shop. Otherwise your inventory will consist of raw materials, work in process and finished goods.
Is your computer running slow? As a last-ditch effort consider restoring it to factory settings. Find out how to restore to factory settings and see a few alternatives to this extreme measure.
Sole proprietors fill out a Schedule C to report arts / crafts business taxable income. This form asks for a activity code. Find out what this is and where to find it.
Handling the tax obligations of self-employed arts/crafts businesses can be confusing. Federal, state and local government can assess taxes. These taxes can show up in the form of income, sales, and use taxes. Find out more about the different type of self-employment taxes and which ones you may be liable for.
All individuals in the United States can opt to extend the submission of their federal income tax return Form 1040 and all attachments from April 15 to October 15. If you've never had to file an extension you may be a little nervous about doing it and want to be sure that you follow all the rules. Additionally, if you typically file as soon as you get your W-2, you may be wondering why anyone would want to file an extension. This article answers all your questions about extending.
If you drive your car in the normal course of running your arts / crafts business you have two methods to choose from when figuring your business mileage tax deduction. This article discusses using the standard mileage rate.
Learn how to pick a name for your new arts and crafts business. Find out about name recognition. Also discussed is picking out a name for your business that is descriptive of the type of art or craft you plan to market, taglines and picking out a website domain name.
One method of jewelry making uses a hot torch to join pieces of metal using solder. Soldering is one of the most basic techniques in jewelry making, but also one of the hardest to master. Learn about the basics of soldering including jewelry making resources.
Learn how to prepare an income statement for a merchandising business. Merchandising businesses use the cost of goods sold account to reflect some customer related expenses. Page 4.
Are you a part-time artist or crafter wondering if there is any limit under which you don't have to record your income from selling your arts and crafts items? An arts and crafts reader posed this question - find out the answer! Also discussed are garage sales and self-employment tax.
If you operate as a sole proprietor, partnership, or S-Corporation to be able to write off your arts and crafts expenses, your work has to be regarded as a business rather than a hobby. The IRS has strict criteria as to the definition of a hobby versus a business. However, straight-up corporations are not subject to the IRS’s hobby loss rules. Find out the difference between being a hobby or a business for your tax return and how to account for each.
Every attempt should be made to send in Form 1040 tax returns with a balance due of less than $1,000. To achieve this goal, the sole proprietor uses IRS Form 1040-ES to make tax deposits throughout the year.
Promoting your arts and crafts business is an ongoing process. While methods will change and evolve over the life of your business, free and low cost advertising is always a good idea. Find out about different ways you can promote your arts and crafts business on the cheap.
Find out what trends will be popular in arts and crafts for 2014. Maintaining an eco-friendly business by recycling remains a relevant trend in 2014.
Sole proprietors report their business income or loss using a Schedule C. This article walks you through the expenses section of the Schedule C. Find out more about the difference between commission, contract and professional fees. Learn about wages and the sole proprietor.
Sole proprietorships report items of income and expense on Schedule C. Gross income consists of revenue and cost of goods sold. Find out how to calculate gross income and fill out Part 1 of the form Schedule C.
Think you may need to make an estimated tax deposit for your arts and crafts business? This article gives easy to follow instructions on how to fill out and file your Form 1040-ES. You'll learn if you need to add your spouse's information on the form and also how to electronically file and pay.
This article introduces the accounting system, which is the nuts and bolts of collecting, sorting through, and entering accounting data into business accounting software. Specifically, this article discusses the cash receipts journal which you use to record cash in and outs for your arts and crafts business.
Equity shows the combined total of your investment in the business. Another term for equity is net assets, which is the difference between assets, which are resources a company owns, and liabilities, which are claims against the company. Find out how to record equity on a sole proprietorship balance sheet.
An important first step when deciding whether to go ahead with a business idea, is whether you'll turn a profit. Breakeven point analysis helps you make this determination as it shows you how much you'll need to sell at a certain price to cover your costs.
Using the right recipe and process, it's fairly easy to add color to brass and copper. Find out how to oxidize metals to add a colorful patina using cat litter and other household items.
If you have even one employee for your arts and crafts business, you have to submit Form 941 four times a years. While this form is pretty easy to fill out once you do it a few times, it can be confusing the first time you tackle the job. This article gives simple, easy-to-follow instructions on how to fill out Form 941: Employer's Quarterly Federal Tax Return.
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.
Your objective is to price your crafts so that you make a reasonable profit while not pricing yourself out of the market. It can be an art. Find out how variable and fixed costs plus perceived value factor into the equation.
Most brand new arts / crafts businesses start out as a sole proprietorship because it is the easiest and cheapest type of business entity to start and maintain.
If you drive your car in the normal course of running your arts / crafts business you have two methods to choose from when figuring your business mileage tax deduction. This article discusses using the actual cost method.
There are two methods you can use to deduct business vehicle expenses - the actual cost method or standard mileage rate. Some arts/crafts businesses are limited to one or the other. Lacking any limitation, you should pick the method that gives you the highest tax deduction over the life of the vehicle.
When thinking about collage, the first thing that pops into many heads is that collage is a paper craft. Certainly many wonderful pieces of collage art and craft are created using paper. However, collage technically involves combining any type of material that is the same. Therefore, in addition to paper collage artists can use other raw materials such as fabric, metal or wood. Collage using a mixture of materials is referred to as 'assemblage'.
Making resin jewelry charms is quick, easy and inexpensive. This article shows you how to use two-part epoxy resin to make a resin pendant.
It's easy to understand the need to know the schedule of available arts and crafts shows within local driving distance. Many artists and crafters enjoy and find it profitable to exhibit at shows, but would prefer to do it locally. There is sound rational in that decision if you are a new artist or crafter or are just doing it part-time. Here are my suggestions on how to find local arts and crafts show.
Your first step to open an Etsy shop is to create a Etsy account. This requires you select a unique username representative of your shop concept.
Paper mache is one example of paper crafts. Dating back to AD 200, this type of craft is inexpensive and easy to learn. Plus, it can be incorporated into other arts and crafts designs to add surface interest. Find out the basics of making paper mache.
Sole proprietors, learn how to prepare your Schedule C. Find out how to fill in the company information and income sections on the Schedule C.
Using an image of a celebrity for an arts or crafts product will more than likely involve copyright and model release issues. Find out the basic facts of using a celebrity image to sell your product.
If eBay’s the king in online marketplaces, the queen for crafters is Etsy.com. Etsy accepts listings for handcrafted items, is an online marketplace for supplies and also allows listings for vintage items.
Learn about sole proprietorships, corporations and flow throughs, which are the three different tyeps of business entities. When selecting a form of business entity, compare the tax, liability and management impacts of a sole proprietorship, corporation or flow through.
An arts or crafts merchandiser is a retail business like a craft boutique, craft supply store or art gallery. The arts and crafts business purchases goods from another artist or crafter and in turn sells the handcrafted items to the end user — a consumer like you or me. If you do this as part of your arts or crafts business, find out how to account for these purchases in the cost of goods sold section of your income statement.
Find out more about the cash payments journal by identifying the debit and credit columns. The cash payments journal is where you record all transactions in your business where cash has changed hands.
If your arts and crafts business is a corporation you file Form 1120 to report your taxable income. Find out about Schedule J and K which you use to calculate your federal income tax and answer basic questions about your business.
Find out more about the cash receipts journal by identifying the debit and credit columns. Spoiler alert - as it is a cash receipts journal, you might have guessed one column is for cash!
This article discusses common arts and crafts computer and data handling tangible assets and how to depreciate them. You learn how to use MACRS depreciation to write off the cost of buying these types of assets with practical examples on how to do the calculation.
Before you start a crafts business, carefully consider why you want to do it. Being a self-employed owner of any type of business is not a direct pipeline to financial success. Going into a crafts business with this type of mindset can set you up for failure.
Find out how to write a business plan by walking through the standard eight parts. Learn why writing a business plan is important and what type of information is contained in the appendix.
Ten useful tips on how to sell your arts and crafts online. These tips will help you get started with the design of your arts and crafts business website. Once you understand the basics you're on your way to making money by selling your arts and crafts online.
Figuring cost of goods sold is the first step in setting a price for your arts or crafts. This article walks you through the typical cost of goods sold expenses an artist may have.
Every arts or craft product starts with a basic idea. Designing a product is hard work. Learn the difference between copyrights, trademarks, patents and licensing - four ways you can protect your intellectual property from theft by your competitors.
Considering selling your arts and crafts in an online marketplace? This articles gives you a heads-up on the most popular from Etsy to ArtFire to Artful Home and more! Get concise info to the policies and costs of each and come back frequently for updated information!
Thinking about starting a knitting craft business? Your primary objective is to make sure you can make a profit while turning your love of knitting into a craft business. This article contains my tips on starting a knitting business from selecting knitting patterns to finding knitting resources.
Find out more about the common income statement accounts you'll find on a chart of accounts. Included are income which is also known as gross receipts, cost of goods sold and many other types of expenses. Page 4.
Arts and crafts businesses in the United States who operate as a sole proprietorship attach Schedule C and Form Se to their Form 1040 to report net income or loss from business operations. Find out how to prepare the Schedule C and Form SE. This information will come in handy regardless it you hire a tax professional to prepare your return or you do it yourself.
Here are the images to show you how to set up the cells in your spreadsheet for breakeven point analysis.
The balance sheet is the financial statement showing your arts and crafts assets, liabilities and equity. You'll need this information to make business decisions, apply for loans and to write your business plan. While sole proprietorships don't include a balance sheet with their tax return, this is a requirement for all other business entities. Learn about the difference between assets, liabilities and equity and what types of accounts your arts and crafts business will have in each.
Use breakeven point analysis to figure out the volume of craft items you have to sell to cover costs for your arts and crafts business. This article shows you a quick and easy way to figure breakeven point using an Excel spreadsheet.
Learn the ins and outs of opening a shop on Etsy. Walk through the seven basic steps from picking an Etsy username to finding out about the listing fees and the Etsy community of crafters.
Selling arts and crafts on consignment means you supply a shop, the consignee, with goods that their customers can buy. In return you receive a percentage of the retail cost when your arts or crafts item is sold. Find out the ins and outs of doing this and whether it's worth the effort.
The second in a series of articles about organizing your accounting records, this article shows how to use a spreadsheet to track expenses. You also find out the definitions of key accounting terms like inventory and cost of goods sold.
Learn about resin arts and crafts made from a two-part epoxy. While many jewelry artists use resin, it is a great medium for sculpting, mixed media and painting. Find out about resin basics and artists and crafters using it in their work.
Long-lived arts / crafts equipment and supplies are subject to depreciation. Depreciation spreads the cost of arts / crafts assets over their useful life. Find out the rudimentary facts of depreciating assets.
When figuring out net and taxable income, you have to reduce your costs of goods sold for items still in inventory. This article discusses the different types of inventory and suggests ways to calculate your ending inventory.
Kind of confused on how to figure a 1040-ES deposit amount? Here's an example walking you through the calculation for a sole proprietorship.
Which type of arts and crafts company do you own? Depending on how you operate your business you can be a service, merchandising or manufacturing company – or any combination of the three.
Read my review of Outright, an online bookkeeping and accounting service that provides small business reporting. There is a free and subscription version.
If your arts and crafts business has employees you have to issue them a W-2 by January 31. Here are easy instructions on how to prepare a Form W-2.
Learn how to use jump ring pliers to securely attach jump rings to charms and jewelry. Using a simple two-step method makes sure your finished jump ring stays closed without soldering or using glue. You learn this technique making a St. Christoper surfer rubber necklace.
Find out how to find short-term storefronts for your arts and crafts business. Selling seasonally, such as Christmas crafts, in a short-term pop-up shop is a great way to bring in revenue while not having the responsibility of a year-round lease.
Before you can sell on Etsy, you need to add items. Etsy has five templates to help walk you through this procedure. Your first step is to make sure you have a good description and images for your item.
DIY instructions on how to organize your accounting records so you can figure out your net income and taxable income. This article discusses using an off-the-shelf accounting software program like QuickBooks or old-schooling it by using spreadsheets.
The executive summary portion of the business plan is in the beginning of the business plan. The purpose of the executive summary is to give your reader a thumbnail sketch of the business.
This article shows you how to use QuickBooks types to organize your jobs so you can organize your customer base by grouping similar customer or jobs together. Using this info, you can run reports to provide timely and relevant information about which type of customer or job is the most profitable.
Learning how to use gem setting pliers will give you the opportunity to bring additional revenue streams into your arts and crafts business. You can charge customers to tighten loose prongs and add quick and easy jewelry pieces to your product line.
copyrights,copyright violations,derivative works, licensing
One of those many practical sides vying for your attention is keeping the books for your arts and crafts business. This article introduces you to bookkeeping and explains the basics of keeping the books for your arts and crafts business.
It's very easy to make goats' milk soap from scratch. Find out what supplies and raw materials you need to make your own goats' milk soap. This articles provides information about the basics and add-ons such as essential oils, herbs, flowers and grated fruit peel.
After you prepare a payroll checks, your next step is to calculate the amount of employment tax you need to deposit. This article walks you through figuring the employer and employee federal payroll taxes you'll eventually have to deposit with the IRS.
One of my bad habits is to buy more inventory than I need. Sometimes, there’s a business purpose such as volume purchasing to get a bigger discount or I think I’ll have a use for raw materials I’m buying. Other times, I just don’t sell as much of an item as I think I will. Rather than having inventory sitting around getting dusty, I use the lag time between Christmas and New Year’s to earmark and make donations of surplus arts and craft inventory.
This article explains fixed and mixed costs. Fixed costs remain the same no matter if you make one or one million arts and crafts products. Mixed costs can fluctuate somewhat. Find out more about fixed and mixed costs.
If you have a fashion craft arts and crafts business, I find it makes a huge positive impact on sales to show celebrities wearing the same sort of item you're selling. However, what about using celebrity images on your Ecommerce site? If you don't have the opportunity to shoot the images yourself, is it possible to use celebrity images without violating any copyrights? This articles introduces the legality of using images you find on the internet.
Thinking about opening a yarn shop or are involved in fashion or textile arts or crafts? Find out how to find wholesale suppliers of yarn, textiles and related accessories.
A pop-up shop is a short-term retail space that appears seemingly out of nowhere, quickly drawing in customers, and then disappears when the optimal selling season is over. Using pop-ups shops are a great way for artists and crafters to have a retail presence during major selling periods during the year without the hassle of maintaining a full time lease. Here are my tips for opening a arts and crafts retail pop-up store.
Page one of this series of articles about pop-up retail stores discusses finding the right location and mix of arts and crafts for your pop-up retail shop. Page two discusses pop-up shop management. This article wraps up the topic by covering tips for opening the pop-up such as visual merchandising, laying out your store plan and pop-up retail store pitfalls to avoid.
After you’ve created your Etsy account, your next step is to create your shop. Ever open a brick and mortar craft shop? The concept online is not very different. You want your Etsy shop to be a visually appealing place for your online shoppers that is easy to navigate and clearly spells out all your shop policies.
The S corporation is another example of a flow-through type of business entity. S Corporations have limited liability like corporations but taxed as a sole proprietorship. Find out more about how this type of business entity works.
There are few instances of double taxation in USA Internal Revenue Code. However, the taxation of corporate dividends and S-Corporation distributions are handled differently. Find out how to handle each one and why in the final analysis, neither is a tax-free transaction to you.
If you’re a brand new arts and crafts business owner, you may be wondering if you need to register your business. The answer to this question depends on your individual business and where you operate it. Find out about zoning, business licenses, your Secretary of State and the Internal Revenue Service registration requirements.
In this article you learn what QuickBooks price levels are and how you can use them to modify standard customer billing. Find out the difference between price levels with a fixed percentage or per item type.
This article discusses common arts and crafts tangible assets and how to depreciate them. There are basically three type you'll have for your arts and crafts business: office, computer and those special ones for your type of arts and crafts business. You also learn how to use MACRS depreciation to write off the cost of buying these types of assets with practical examples on how to do the calculation.
Find out how to use gross receipts and costs to figure net income. This article also discusses adjusting inventory cost for cost of goods sold expense and depreciating fixed assets.
Inventory is probably one of the largest costs for your arts and crafts business. This cost is initially classified as a current asset on the balance sheet. As you use it to make arts and crafts items and sell them to customers, the cost moves to the income statement. Find out how to account for your arts and crafts inventory regardless if you are a retailer or manufacturer.
If you hire employees for your arts and crafts business or incorporate your business, you'll need to find out how to write payroll checks. This article walks you through writing a payroll checks from gross to net wages.
One of the many ways to sell your arts and crafts is to market them through museum gift shops. Think back to every time you’ve paid a visit to a museum, I’m sure you’ve noticed that a gift shop is usually front and center, luring you to come in and browse after your visit. If you’ve ever done so, you’ll find some of the items in museum gift shops are mass-produced, others are hand crafted.
Many artists and crafters sell either wholly or partially online. Those that don't care about or don't have the time to maintain their own website sell through online craft marketplaces such as Etsy or ArtFire. I recently discovered another online craft marketplace called the Handmade Artists' Shop (HAF shops). This is a relatively new online marketplace started by The Handmade Artists Forum. I took a look through the Handmade Artists' Shop website and here's what I found out.
The price level option is a handy QuickBooks tool allowing you to change the standard charges you enter into QuickBooks to bill out to your customers. You use them to modify standard customer billing. This option lets you quickly set up automatic price increases and decreases that you can apply to various customers or inventory items.
If you produce a product, you will normally have both a cost of goods sold and inventory. Find out how to differentiate between the two.
Finding great,reliable vendors is one of your first steps in starting an arts and crafts business. Without knowing how much your vendors are going to charge you for the art or crafts supplies you use to make your product, how can you set a reasonable retail price? It's also important to have reliable art and craft supply vendors that you can count on to ship the crafts supplies and arts materials when you need them.
If your arts and crafts business is small or you sell just a few high-price items each month, you may feel it’s not worth the effort or expense to buy accounting software or spreadsheet software to prepare computerized invoices. In addition, if you are at a craft show or a similar type of venue, you probably won’t want to go through the hassle of bringing along your printer so you can prepare a computerized invoice for each sale. This article walks you through how to handwrite customer invoices.
Sole proprietors that operating their business out of their home can elect the simplified home office deduction starting with their 2013 tax returns. Rather than preparing Form 8829, the expense is calculated by taking $5 times the home office square footage.
In this article you learn what QuickBooks price levels are and how you can use them to modify standard customer billing. Find out the difference between price levels with a fixed percentage or per item type.
Learn about the different types of arts and crafs business types and entities. Get an introduction to business licenses. Decide whether you need to trademark your tagline.
It may be impossible to please all your customers but you can increase customer satisfaction and decrease returns by including a complete product description for every item you sell. This is especially true for items you sell on the internet since your customer won't be able to see the art or craft product in person prior to purchase. Check out these examples of arts and crafts product descriptions.
Thinking about using a computerized system to organize your arts and crafts business income and expense? It's important to lay a good foundation with your chart of accounts, following through by keeping your transactions straight. Here's your intro on how to use any accounting software such as QuickBooks.
Successful businesses research the marketplace first and then design products that will sell in that market. Research and a little bit of basic human psychology are good jumping off points for tailoring your craft business to the market.
If you've ever thought about starting and running your own successful craft business it's a good idea to get good practical experience working for another established craft business first. Don't have the time to be an intern? There are alternatives.
If you operate as a corporation or S-Corporation, report your arts and crafts taxable gross income in Part 1 of the Form 1120 or 1120S respectively. Calculate it by subtracting your cost of goods sold from your arts and crafts business revenue. Check out these step-by-step instructions on how to transfer amounts from your income statement to the applicable corporate federal tax returns. Page 3.
Many small arts and crafts businesses use credit cards to make inventory and other business purchases both online and in stores. What's the best way to enter these transactions into your accounting software? There are a few different ways. To keep accounts straight, make sure you follow through on your preferred method. Here are some suggestions on how to do this. Page 2.
ArtFire.com is a new online marketplace for artists and crafters. They offer a free 14-day trial. After that, an ArtFire studio costs $12.95 a month with unlimited listings with no fees or commissions. Find out more about ArtFire in a question and answer session with ArtFire's Member Engagement.
If you have employees for your arts or crafts business, you need to fill Form 941 four times a year. This article shows you how to fill out page 2 of Form 941.
A dapping tool is a relatively inexpensive tool that makes forming metal into uniform shapes a snap. Find out how to which is best for the beginner and how to use one.
Go through these recommended guidelines for pricing your arts and crafts to sell. Learn how to get into the mind of your customer to figure out the price they are willing to pay. Review the pricing rule of three.
Do you want to start a craft business, but are just not sure what type of craft you want to sell? From your Arts and Crafts Business Guide - find out the five recommended steps to move a craft business idea from infancy to fruition.
If you want to use polymer clay to make dolls for your arts and crafts business, it's important to have the right tools. This articles gives you information about various polymer clay equipment and supply items. Of special interest is the polymer clay for dollmaking which eliminates the needs to use flesh-colored paints and a source for gorgeous, shiny mohair for your doll's crowning glory - their wig!
The first page in the series of articles about pop-up retail shops discusses finding the right location and mix of arts and crafts. This page discusses pop-up retail store management issues such as avoiding a craft mall feel, advertising your pop-up shop and setting pop-up retail store policies.
Once you have the basics down for making hand milled goats' milk soap, it's time to get creative with essential oils, herbs and flowers. This articles gives you eleven popular soap recipes using lavender, jasmine, lemon, sea kelp, ylang ylang and much more!
If you operate your arts and crafts business to make a profit there are several different types of expenses you can use as a write-off. The three major categories are cost of goods sold, sales and general/administrative, Find out about the common expenses an arts and crafts business incurs and how they should be classified.
This article walks you through the procedure to electronically register a copyright on an original piece of work. Any original piece of work is automatically copyrighted regardless if it is published. However, registration is required to seek legal action against violators of your copyright.
Beehive Co-ops offer both arts / crafts business franchise opportunities and select highly qualified arts / crafts busineeses to work with Beehive as wholesalers. Find out about the franchise fees, the advantages and how to get started with Beehive.
From the email box: I have less than 50 crafts in my finished goods inventory, is there an easy way to keep track of my inventory? This is a question I get a lot. You have a smaller arts and crafts business or maybe a large one with few finished goods and you don't want to go through all the hoopla of tracking it with accounting software. This article explains a quick and easy way to handle this accounting task!
Collage arts and crafts are created when similar types of materials (paper, fabric etc) are combined, using a variety of methods to create paper and decorative arts and crafts. Assemblage combines different types of materials. This form of arts and crafts requires no special tools or training. Want to get your arts or crafts feet wet in collage or assemblage? Here are some fantastic free and relatively cheap resources.
3D modeling and printing brings sketches to life. Find out more about 3D modeling software and printing methods and see how other artists and crafters are using this technique.
Wonder what you receive after registering a copyright? Check out this example.
Find out more about the sales journal where you report all your customer sales made on account. See an example of a simple sales journal. The sales journal includes the sales and accounts receivables accounts.
Find out the difference between collage, assemblage and papier mache.
It’s never a bad idea to take a class in your field of arts or crafts to advance your basic skills. Watching the instructor and your peers just may show you a better way to set up your workbench, perform your craft or you may get a referral to a fantastic vender. Here are some suggestions to find local arts / crafts classes.
Follow my instructions to make a knotted sterling silver Figaro chain charm bracelet. No soldering skills required. Use split rings and split ring pliers to attach the charms and chain to the clasp.
Sole proprietorships report their net income using Schedule C. This article walks you through Schedule C, page 2 which breaks out your cost of goods sold, vehicle expense if using the standard mileage rate and all other expenses.
Learn how to take the basic components of a business plan's plan of operations and tailor the components to an arts and crafts business plan of operations. Page 2.
Moulage is a fashion design technique where the designer fits or molds the fabric directly on the model or dressmaker dummy.
Want to find out more about 2014 trends to grow your arts and crafts business? Find out the basics of 3D modeling which you can use to make your own raw materials.
The third is an series with DIY instructions on how to organize your accounting records using a spreasheet, this article hones in on fixed assets, travel and meals and entertainment.
Wondering what exactly goes into inventory and how to account for it? Find out about inventory items for retail and manufacturing inventory.
Find out more about starting a paper craft business. Paper crafts are more than just origami or paper mache. A relatively inexpensive start-up craft business it includes greeting cards, wallpaper, lampshades and bookbinding.
Tinkercad is a easy to use 3D CAD tool that you can use to create customized components and tools for your arts and crafts business. Learn more about Tinkercad and how to sign up for a free trial Tinkercad account.
Find out how to create a Pinterest Board, an important step after you set up your Pinterest business site. This article also discusses how to drag a Pin It button to your web browser Favorites list and talks about the importance of using only outstanding images. Plus, find out some recommendations for free and cheap stock images.
This article explains variable costs, which are costs that go up and down depending on how much arts and crafts inventory or products you sell. This includes your cost of goods sold, credit card fees, shipping costs and sales commissions you may pay to sales staff who rep your arts and crafts items.
Take your arts and crafts business to the next level by selling wholesale online. Etsy Wholesale is gearing up to accept wholesale vendor applications. Find out how to prepare to apply to Etsy Wholesale.
Business incubators provide arts and crafts workspace, equipment, business services and relevant mentoring to new and emerging businesses for a fraction of the actual cost. Interested in finding out more about entering such a program? This article provides info on finding an incubator in your local area and details incubators located in Toronto, New York City and Kansas City, MO.
Consider your customers to also be friends? That's not a great way of doing business. Excessive familiarity with customers in any type of business can often create problems with managing your business rather than being an advantage.
From the emailbag: A reader wonders how to assign value and depreciate tangible assets they use in their arts or crafts business - in particular used or donated tangible assets. Find out how you should value and depreciate any assets for your arts and crafts business that you didn't purchase brand new.
If the art or craft show jury process seems a little intimidating, a good way to exhibit in craft shows is to form a cooperative and hold your own. Organizing a cooperative craft show is a lot of work but the money you can make and the experience you get out of the process can more than offset the set-up work involved.
This article discusses software you buy for your arts and crafts business and how to depreciate your software purchases. You learn how to use MACRS depreciation to write off the cost of buying these types of assets with practical examples on how to do the calculation.
Sometimes you don't pay in full when you make an asset purchase. Does this change the way your depreciate the asset? Find out the answer to this reader inquiry from the email bag.
After reading about Fiverr, which is a marketplace in which sellers are willing to do a variety of jobs for a flat fee of $5, I decided to try out the service to create a logo for my blog. Find out how my order ended up and my advise for working with Fiverr.
A nice addition to many arts and crafts product lines is hand milled soap. Using my instructions, it is quick and easy to make your own hand milled goats' milk soap tailored to a specific need such as religious, health, beauty or relaxation.
Trademarking protects your arts and crafts business name, logo or slogan. Your first trademarking step is to make sure it is available. This article walks you through my TESS search.