A Taxing Endeavor: Navigating State Sales Tax in a Post-Wayfair World
In June, the U.S. Supreme Court decided Wayfair v. South Dakota, changing the sales tax landscape in ways that will significantly affect your craft-related business.
Blockchain’s Potential for Creative Industries
At some point in the past 10 years, you’ve surely heard about Bitcoin or blockchain. These new technologies are being hyped as potential cures for all sorts of problems, but it’s difficult to know whether to believe the hype without knowing what the heck these things even are.
Smart Financial Planning for Craft Entrepreneurs
Mary Beth Storjohann, CFP® and Founder of Workable Wealth is a financial planner and accountability coach who helps clients across the country make smart, educated choices with their money. In this webinar, she focuses on helping you set up financial planning for yourself and your business.
How Projecting Cash Flow Leads to Deep Insights
Not only do you need to make money (sales), you have to be able to do it while spending less than you earn (positive cash flow).
Securing Financing for Your Business
Types of business financing can be lumped into these basic categories, each with their own benefits and drawbacks.
Vickie Howell on Crowdfunding
Crowdfunding projects are *the* wave of the creative financing future. Tune in for a webinar with Vickie Howell to learn from her success!
Bookkeeping Software for Craft Businesses
When it comes to choosing bookkeeping software for your craft business, you have at least half a dozen options, all with pros and cons and champions. Here’s a rundown.
What You Need to Know about GDPR, the EU’s New Data Privacy Regulation
On May 25, 2018, the European Union will begin enforcing a new law, called the General Data Protection Regulation (GDPR) governing how companies collect and store user data. All businesses with customers in the EU will be affected. Maeri Howard explains what craft business owners need to understand about the new regulations.
Many Happy Returns: Tax Filing Tips for Your Craft Business
Recent changes to the federal tax code apply only to the 2018 tax year — which means that the existing rules still apply to your 2017 return.
Choosing the Right Business Entity
When its time to incorporate your business, how do you know which legal entity to choose? In this article, CPA Nathan Owen explains the differences between a sole proprietor, and LLC, an S-Corps.
Transitioning into Entrepreneurship: Leaving Your Day Job on Good Terms
As an entrepreneur, leaving your day job is trickier than giving two weeks’ notice; you aren’t simply leaving for a new job, you are leaving for a new life.
Giving Your Handmade Items to Charities: What You Need to Know for Your Taxes
Donating a piece of your work to support a good cause is often not worth the time and effort since only the cost of the raw materials can be written off on your taxes.
Planning Your Exit Strategy Before You Need It
It is never too early to start thinking about an exit strategy for your business. If an emergency arises, you will be prepared.
Managing Debt: Best Practices for Craft Business Owners
People start, and grow, craft businesses in different ways and with many different financing sources, including debt. Here are some ideas for managing debt.
Three Strategies to Consider When it Comes to Your Retirement Savings
Retirement planning is more complicated for business owners, but equally important and worth every effort. Here are three strategies to start retirement planning immediately!
Modern Arts Patronage: How a New Era of Creatives are Asking Fans for Financial Wiggle Room
Crowdfunding through online platforms can look like a great way to insulate yourself from market pressures while pursuing a vision, but successful campaigns rely first of all on building what you’ve already started and treating sponsors as business partners.
Discover the ‘Real Costs’ of Running an Online Business
Often people assume that having an online business is cheaper than owning a brick-and-mortar shop, but is that really true? What are the actual costs involved in running an online business?
The Art of Selling (or Buying) a Website
Buying and selling are definitely a viable option for many websites and can be a positive experience, but there are some things to consider before you jump in.
Crowdfunding Your Next Project? 7 Good Questions to Answer Before You Launch
Although crowdfunding may seem like the perfect option for raising money to realize a dream, there’s a few questions to consider before proceeding.