2016-10-27T11:01:53ZIf 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.
2016-10-27T11:01:53ZWondering what exactly goes into inventory and how to account for it? Find out about inventory items for retail and manufacturing inventory.
2016-10-27T11:01:53ZLearn 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.
2016-10-27T11:01:53ZWriting a good product description is an art. However, once you have a base for your arts or crafts product descriptions, it can be quickly modified for most of your other items. Most arts or crafts products descriptions require size, weight and material information. Find out how to write good arts and crafts product descriptions.
2016-10-27T11:01:53ZJust about the only way to make money selling knitted goods is to use a knitting machine. Using a used home knitting machine at first before laying out the money for an expensive commercial knitting machine will give you a good idea if this is a venture you want to pursue.
2016-10-27T11:01:53ZThinking 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.
2016-10-27T11:01:53ZIf 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.
2016-10-27T11:01:53ZIf you're starting a new arts and crafts business, learn how to pick a business name, choose a website domain name, and write a tagline to promote it.
2016-10-27T11:01:53ZSole 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.
2016-10-27T11:01:53ZWholesalecrafts.com brings retailers and arts and crafts business owners together for arts and crafts business owners who want to sell online. For an annual fee crafters build a web marketing presence to showcase their arts and crafts products to interested retailers.
2016-10-27T11:01:53ZUse these easy DIY instruction to make an adjustable bracelet knot so you can put it on and take it off easily. How to make a beaded string bracelet.
2016-10-27T11:01:53ZInventory 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.
2016-10-27T11:01:53ZThe 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.
2016-10-27T11:01:53ZThinking 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.
2016-10-27T11:01:53ZYour 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.
2016-10-27T11:01:53ZFind 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.
2016-10-27T11:01:53ZPaper 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.
2016-10-27T11:01:53ZIf 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 around this problem, you may have to modify your knitting mindset somewhat. Check out my suggestions for transforming knitting from a hobby to a profitable craft business.
2016-10-27T11:01:53ZIt 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.
2016-10-27T11:01:53ZIt'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.
2016-10-27T11:01:53ZLearn 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.
2016-10-27T11:01:53ZWhich 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.
2016-10-27T11:01:53ZCrafts can be broken down into five major types: textile, paper, decorative, fashion and functional. See if you're ready to branch out your business.
2016-10-27T11:01:53ZLearn 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.
2016-10-27T11:01:53ZAre 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.
2016-10-27T11:01:53ZHandling 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.
2016-10-27T11:01:53ZWhen creating an overall marketing plan for your arts and crafts business, your first step is to identify your target market. Find out about four key target market elements to consider.
2016-10-27T11:01:53ZOne 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.
2016-10-27T11:01:53ZThere 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.
2016-10-27T11:01:53ZLearn 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.