Updated Articles and Resources
- Paper Mache - A Type of Paper CraftsCreated: 2009-11-04 @ 18:49:34 EST Updated: 2009-11-05 @ 06:44:40 EST
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 surfac… - Manage and Grow - Arts and Crafts Business Management…Created: 2009-11-01 @ 19:05:59 EST
Business management information and resources on how to deal with day-to-day non-creative side of your arts/crafts business. Learn more about hiring, paying and managing labor, selecting business i… - Income StatementsCreated: 2009-11-01 @ 16:15:18 EST Updated: 2009-11-01 @ 18:18:15 EST
All types of business entities prepare an income statement regardless if they are sole proprietorships, partnerships or corporations. The three major sections are revenue, cost of goods sold and ge… - Instructions to Fill Out the Income Section of the Corporate Tax Ret…Created: 2009-10-25 @ 10:37:58 EDT Updated: 2009-10-25 @ 12:36:50 EDT
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 s… - Double Taxation and Corporate Distributions - Non-Taxable S-Corp Dis…Created: 2009-10-22 @ 16:51:49 EDT Updated: 2009-10-22 @ 17:34:15 EDT
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 handl… - Schedule C Gross Income - How to Calculate Gross Income…Created: 2009-10-18 @ 11:48:06 EDT
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 for… - Microsoft Accounting 2009 Inventory Kits - Managing Inventory and CO…Created: 2009-10-11 @ 15:14:11 EDT Updated: 2009-10-12 @ 08:05:47 EDT
Microsoft Office Accounting Professional 2009's Kit feature expedites item entry when you create invoices. Kits includes all service, inventory, or non-inventory items for sale by your company… - Free Small Business Software - Choosing Business Software…Created: 2009-10-08 @ 18:31:38 EDT Updated: 2009-10-08 @ 18:40:49 EDT
Find out about free business software programs you can tailor to your arts and crafts business. Included is information about word processing, spreadsheet, database, file syncing and sharing progra… - Series LLC - New Kind of Limited Liability CompanyCreated: 2009-10-04 @ 11:23:38 EDT Updated: 2009-10-04 @ 11:29:22 EDT
You may have heard there is a new type of business entity - a Series LLC. Basically this entity allows many separate limited liability companies to operate under the umbrella of a parent LLC. The p… - Finding Arts and Crafts Supplies - Buying Craft Supplies Wholesale…Created: 2009-10-02 @ 16:30:05 EDT Updated: 2009-10-02 @ 16:37:56 EDT
Finding great, reliable vendors is one of your first steps in starting an arts and crafts business. You have to know how much your vendors are going to charge you for the art or crafts supplies bef… - Finding Arts and Crafts Supplies - Purchasing Craft Supplies Wholesa…Created: 2009-10-02 @ 16:03:07 EDT Updated: 2009-10-02 @ 16:36:47 EDT
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 u… - Lease Inclusion AmountCreated: 2009-09-28 @ 16:57:32 EDT
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 of… - The MovementCreated: 2009-09-27 @ 09:23:17 EDT
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… - Business Mileage Tax Deductions - Using the Standard Mileage RateCreated: 2009-09-26 @ 18:25:07 EDT
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… - Vehicle Business Tax Deductions - Expensing Your Business MileageCreated: 2009-09-26 @ 18:22:34 EDT
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… - Getting Practical Craft Experience - Learning About Craft BusinessesCreated: 2009-09-26 @ 17:58:16 EDT
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 ha… - Expensing Vehicle Business Use - Business Tax Deduction Decisionmak…Created: 2009-09-26 @ 17:33:18 EDT Updated: 2009-09-27 @ 10:51:54 EDT
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 lim… - American Arts and Crafts Movement - Examples of Movement Craftsmansh…Created: 2009-09-20 @ 18:02:29 EDT Updated: 2009-09-20 @ 18:31:07 EDT
Simple, clean and unpretentious describes the Arts and Crafts Movement. From Stickley's mission-style furniture to Steubens' art glass, check out a few home furnishing examples representative of th… - Learning Crafts Skills - Taking Arts / Craft ClassesCreated: 2009-09-12 @ 07:47:27 EDT Updated: 2009-09-12 @ 07:53:12 EDT
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 workben… - Depreciation - How to Depreciate AssetsCreated: 2009-09-06 @ 20:40:25 EDT Updated: 2009-09-07 @ 09:36:38 EDT
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 deprecia… - Beehive Co-op - Cooperative Craft Marketplace…Created: 2009-08-30 @ 06:43:51 EDT Updated: 2009-08-30 @ 07:25:22 EDT
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… - Managing Your ArtFire Studio - Selling Crafts on ArtFire.comCreated: 2009-08-26 @ 17:04:39 EDT
After you've selected a studio name and setup your Artfire.com account, your next step is to manage your studio. You'll select the color theme for your shop, provide your bio and studio information… - ArtFire.com Listing Products - How to List Products on ArtFire.comCreated: 2009-08-26 @ 16:45:05 EDT Updated: 2009-08-26 @ 16:58:01 EDT
Before you can sell on ArtFire.com, you need to add products to your studio. ArtFire.com's add product template has a few mandatory fields and many optional fields. Taking care in filling in both w… - Edit Your ArtFire Studio - ArtFire Studio Color, Themes, AppearanceCreated: 2009-08-23 @ 15:51:23 EDT Updated: 2009-08-23 @ 16:01:33 EDT
Just like a storefront display window, your ArtFire.com studio appearance is used to create a visually attractive look to draw customers in. Learn how to select your ArtFire studio color, theme and… - Arts / Craft Businesses and InventoryCreated: 2009-08-19 @ 11:38:51 EDT Updated: 2009-08-19 @ 17:38:34 EDT
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… - Selecting a Schedule C Activity Code for an Arts / Crafts BusinessCreated: 2009-08-19 @ 07:21:03 EDT Updated: 2009-08-19 @ 12:01:18 EDT
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… - What Type of Business Entity is Good for an Arts / Crafts Business?Created: 2009-08-19 @ 07:05:44 EDT
A quick discussion of how limited liability plays into the section of a business entity. Key is checking your state statutues… - Natural Dyes and Home Dyeing - Recipes for Natural DyesCreated: 2009-08-17 @ 18:39:42 EDT
Book review of Natural Dyes and Home dyeing by Rita J. Adrosko. 52 recipes for fabric dyes made from plants… - Choosing Your Etsy Shop Name - Selecting Relevant Etsy NamesCreated: 2009-08-13 @ 20:53:35 EDT
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. … - Start Selling Crafts on Etsy - Setup An Etsy ShopCreated: 2009-08-13 @ 20:44:30 EDT
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 v… - Etsy Items - Adding Items to Your Etsy ShopCreated: 2009-08-13 @ 20:43:23 EDT
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 … - Setup an ArtFire.com Account - Sell Online With ArtFireCreated: 2009-08-13 @ 20:42:07 EDT
Find out about ArtFire.com, a inexpensive way to market your arts / crafts online. ArtFire offers both a free Basic plan and a Verified plan costing $12 per month with no listing fees or commission… - Craft Cove Jewelry - Running a Jewelry Making Craft BusinessCreated: 2009-08-13 @ 20:41:15 EDT
Useful advise from a home-based jewelry designer, Jenny Lawson, who sells her designs both online and in retail shops… - Milan Jewelry Design - Online Jewelry Business TipsCreated: 2009-08-13 @ 20:40:18 EDT
Read Milan Jewelry Design owner, Lena Gott's, advice on how to meeting customer deadlines, self-promotion and handling criticism. Each of these topics affects the non-creative side of running your… - Editing Your ArtFire Bio and Introduction - Selling Crafts on ArtFireCreated: 2009-08-13 @ 20:24:38 EDT Updated: 2009-08-13 @ 20:38:54 EDT
The appearance of your ArtFire.com studio storefront is very important as it gives your potential customers a look into your arts / crafts business. The first step is to create a studio introductio… - Textiles of the Arts and Crafts Movement - Linda ParryCreated: 2009-08-01 @ 18:55:24 EDT Updated: 2009-08-01 @ 19:19:37 EDT
Review of Linda Parry's book "Textiles of the Arts and Crafts Movement". It contains gorgeous color plates of material designs and interesting historical information that can be used by t… - Cease and Desist Letter - Protecting CopyrightsCreated: 2009-07-30 @ 11:20:15 EDT Updated: 2009-07-30 @ 11:32:42 EDT
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… - Setup Your Etsy Shop - Creating an Etsy ShopCreated: 2009-07-19 @ 12:38:04 EDT
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 t… - Etsy Shop Basics - Sell Crafts on EtsyCreated: 2009-07-19 @ 08:17:07 EDT Updated: 2009-07-19 @ 19:05:22 EDT
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… - Types of CraftsUpdated: 2009-11-04 @ 19:04:44 EST
All crafts can be broken down into four major headings: textile, paper, decorative and fashion. . Check out the list below and you may have an ‘aha!’ moment. Sometimes we&#… - Financial Statements - The Three Different Types of Financial Statem…Updated: 2009-11-01 @ 18:07:34 EST
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 regu… - Must Reads: Essential Articles and Resources about ArtsandcraftsUpdated: 2009-10-25 @ 17:49:26 EDT
- Contact Your Arts / Crafts Business GuideUpdated: 2009-10-22 @ 16:57:38 EDT
Have a question not answered elsewhere or want to submit an idea, article, question, or profile. Contact your Arts /Crafts Business guide for a personal response… - Limited Liability Company - The LLC is Another Type of Business Enti…Updated: 2009-10-04 @ 11:27:49 EDT
Limited Liability Companies are a fairly new type of business entity. Well, new when you consider that corporations and partnerships have been in existence for centuries and even the S-Corp, a run… - 10 Steps to Follow Before You Start a Crafts Business…Updated: 2009-10-02 @ 16:09:55 EDT
A list of the steps to take before starting a craft business and quick tips about each step… - Start Up - Arts and Crafts Business Start Up InformationUpdated: 2009-09-07 @ 09:53:02 EDT
How to start an arts and crafts business. Select the right type of business ownership for your arts and crafts business, learn how to write a business plan and find out about the different types of… - How to Successfully Price Your CraftsUpdated: 2009-08-13 @ 20:59:38 EDT
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 valu… - 1040-ES - Sole Proprietors Make Estimated Tax Deposits Using Form 10…Updated: 2009-08-13 @ 20:58:34 EDT
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… - Company Types - Company Types Include Service, Merchandising and Man…Updated: 2009-08-13 @ 20:58:05 EDT
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. … - S Corporations - What are S Corporations or S Corps?Updated: 2009-08-13 @ 20:56:12 EDT
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 t… - Cost of Goods Sold - How Artists Figure Cost of Goods SoldUpdated: 2009-08-13 @ 20:55:34 EDT
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… - Plan of Operations - The Plan of Operations is Another Element of a …Updated: 2009-08-13 @ 20:55:08 EDT
The plan of operations section of the business plan is your A to Z on the running of your business. Break all operating procedures down into daily, weekly and monthly tasks. Then they are ordered … - Knitting - Knitting Is Classified As a Textile CraftUpdated: 2009-08-13 @ 20:54:21 EDT
One of the textile crafts is knitting. One of the masters of knitting is Kaffe Fassett. Find out more about this knitting designer and his two color method of intarsia knitting… - ArtFire.com- ArtFire is a Online MarketplaceUpdated: 2009-08-13 @ 20:53:56 EDT
ArtFire.com is a new online marketplace for artists and crafters. They have two plans available to sellers - a free basic plan and a verified plan that costs $12/month with no listing fees. Find ou… - Opening a Ruby Lane ShopUpdated: 2009-08-13 @ 20:52:37 EDT
One online alternative for arts and crafts businesses is to open a Ruby Lane shop. Monthly fees are not exorbitant. Ruby Lane’s standards for quality of workmanship are very high… - Google Profiles - Increase Website Traffic Using Your Google ProfileUpdated: 2009-08-13 @ 20:51:58 EDT
Learn how to take control of your Google search results by setting up a profile to drive traffic to your arts/crafts business. It’s easy and free.
… - Start a Craft Business - Reasons to Open a Craft BusinessUpdated: 2009-08-13 @ 20:51:08 EDT
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 craft… - Working Around Saturation PointUpdated: 2009-08-13 @ 20:49:06 EDT
If you have with properly planned and managed your craft business growth, you will eventually reach a saturation point. Here's how to recognize when you've reached that point and what to do about i… - PartnershipsUpdated: 2009-08-13 @ 20:47:58 EDT
Definition of partnership, a legal form of business entity that can include both general and limited partners. Find out about formation, taxation and how partners get paid… - Creating a Craft Business for Your MarketUpdated: 2009-08-13 @ 20:47:02 EDT
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 tail… - Doing Business As a Sole ProprietorshipUpdated: 2009-08-13 @ 20:46:24 EDT
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.
… - Tax Considerations for Self-Employed Arts and Crafts VendorsUpdated: 2009-08-13 @ 20:45:51 EDT
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, an… - CorporationsUpdated: 2009-08-13 @ 20:44:56 EDT
The main advantage for a craft business interested in forming a corporation is the limited liability aspect that applies to shareholders and officers of the corporation. A big disadvantage is havi…
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