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Updated Articles and Resources

By Ada Lio

Updated Articles and Resources
  • Preparing an Income Statement Created: Sunday, November 01, 2009 Updated: Thursday, June 26, 2014
    Learn how to prepare an income statements. Find out about the three major sections which are revenue, cost of goods sold and general and administrative expenses. All types of business entities prep...
  • Searching for Local Arts and Crafts Shows Created: Sunday, September 26, 2010 Updated: Thursday, June 26, 2014
    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, b...
  • Six Free and Low Cost Way to Promote Your Arts and Crafts Business Created: Monday, December 26, 2011 Updated: Thursday, June 26, 2014
    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." itemprop="description" Thursday, October 22, 2009 Updated: Saturday, June 21, 2014
    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...
  • Guide to Using Licensed and Derivative Works In Your Designs Created: Wednesday, September 12, 2012 Updated: Saturday, June 21, 2014
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  • Pop-Up Retail Store Layout and Design Created: Saturday, May 21, 2011 Updated: Thursday, June 19, 2014
    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...
  • Choosing Between the Actual Cost or Standard Mileage Rate Method Created: Saturday, September 26, 2009 Updated: Thursday, June 19, 2014
    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...
  • Adding Items to Your Etsy Shop Created: Wednesday, July 22, 2009 Updated: Wednesday, June 18, 2014
    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 ...
  • What is an S Corp? Created: Friday, May 08, 2009 Updated: Wednesday, June 18, 2014
    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...
  • Introduction to Quickly and Easily Organize Your Accounting Records Created: Saturday, December 15, 2012 Updated: Wednesday, June 18, 2014
    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 ...
  • Introduction to Inventory Created: Monday, October 10, 2011 Updated: Wednesday, June 18, 2014
    Wondering what exactly goes into inventory and how to account for it? Find out about inventory items for retail and manufacturing inventory." itemprop="description" Sunday, September 06, 2009 Updated: Wednesday, June 18, 2014
    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...
  • How to Open an Arts and Crafts Retail Pop-Up Store Created: Monday, May 09, 2011 Updated: Wednesday, June 18, 2014
    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 ...
  • Understanding Variable Cost Behavior for Arts and Crafts Businesses Created: Saturday, August 13, 2011 Updated: Wednesday, June 18, 2014
    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 fe...
  • Executive Summary Created: Tuesday, May 26, 2009 Updated: Wednesday, June 18, 2014
    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.
  • Business Vehicle Expenses Using the Actual Cost Method and Depreciation Created: Tuesday, September 15, 2009 Updated: Wednesday, June 18, 2014
    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...
  • Start Selling on Etsy Created: Monday, July 20, 2009 Updated: Wednesday, June 18, 2014
    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 ...
  • Three Reasons Why You Should Start a Craft Business Created: Monday, May 18, 2009 Updated: Wednesday, June 18, 2014
    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...
  • Creating an Etsy Account Created: Tuesday, July 14, 2009 Updated: Wednesday, June 18, 2014
    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." itemprop="description" itemprop="description"...
  • Tips for Starting a Knitting Craft Business Created: Sunday, May 01, 2011 Updated: Wednesday, June 18, 2014
    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 t...
  • Using Celebrity Images for Commerical Resale Created: Sunday, June 06, 2010 Updated: Wednesday, June 18, 2014
    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.
  • Finding Out If Casual Income Subject to Income Tax Created: Monday, October 01, 2012 Updated: Wednesday, June 18, 2014
    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 ...
  • Selecting a Schedule C Activity Code for an Arts / Crafts Business Created: Wednesday, August 19, 2009 Updated: Wednesday, June 18, 2014
    When sole proprietors fill out a Schedule C to report business taxable income, they must include an activity code. Here is what you need to know.
  • Soldering Created: Sunday, November 15, 2009 Updated: Wednesday, June 18, 2014
    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 abo...
  • Using the Standard Mileage Rate to Calculate the Business Use of Your Car Created: Sunday, September 13, 2009 Updated: Wednesday, June 18, 2014
    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...
  • Finding Suppliers of Yarn Created: Sunday, June 06, 2010 Updated: Tuesday, June 17, 2014
    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.
  • Easy DIY Instructions to Make a Resin Charm Created: Friday, March 09, 2012 Updated: Monday, June 16, 2014
    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." itemprop="description" Thursday, April 28, 2011 Updated: Monday, June 16, 2014
    If you knit as a hobby and would like to turn your love of knitting into a profitable craft business, you may be afraid you'll never make a profit since it takes so long to knit a garment. To work ...
  • How to Successfully Price Your Crafts Created: Tuesday, March 31, 2009 Updated: Monday, June 16, 2014
    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...
  • Comparison of the Three Different Types of Business Entities Created: Friday, April 24, 2009 Updated: Monday, June 16, 2014
    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 ...
  • Learning About the Accounting System Created: Saturday, July 28, 2012 Updated: Monday, June 16, 2014
    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...
  • Beginner's Guide to Adding Color to Metal Created: Saturday, August 18, 2012 Updated: Monday, June 16, 2014
    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.

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