Bookkeeping

Inventory, manufacturing process, business success topics for small DTC manufacturers.

How do I claim my Etsy shipping label costs on my Schedule C?

bookkeeping tax

How do I claim my Etsy shipping label costs on my Schedule C?

This article discusses how shipping label costs from your Etsy sales can be claimed on your tax return.

· 0 min read
How to prepare for your SCORE mentor meeting

bookkeeping tax

How to prepare for your SCORE mentor meeting

If you are just starting your craft business and need some advice, or need some guidance on what to do next in order to grow your handmade business further then definitely consider arranging a mentor meeting with SCORE.

· 2 min read
Handmade inventory storage and the home office deduction

bookkeeping tax

Handmade inventory storage and the home office deduction

If you store your inventory and product samples at home in a dedicated location, you should be eligible to claim for business use of this space without needing to meet the usual "exclusive use" test.

· 4 min read
bookkeeping tax

bookkeeping tax

Etsy 1099-K: Your Complete Guide

We explain what Etsy sellers need to know about the 1099K form, what you'll need to do with this form and what to do if you don't receive one.

· 10 min read
bookkeeping tax

bookkeeping tax

How to generate your Etsy seller totals for tax time

Unfortunately, Etsy doesn't currently provide a easy way of obtaining your financial sales information for tax time. We show you an easier way!

· 2 min read
Why claiming materials as expenses is a really bad idea for a maker business

bookkeeping tax

Why claiming materials as expenses is a really bad idea for a maker business

As a maker, one of the first things to realise is that you are not just a retailer of your goods - you are also a manufacturer of them. Why does this matter? Well for starters, it changes everything about the way you need to report your end of year revenue and expenses to the IRS.

· 5 min read
bookkeeping tax

bookkeeping tax

FIFO, LIFO or Average Cost: Which Inventory Valuation Method is Best for Small Manufacturers?

We discuss the advantages and disadvantages of each inventory valuation method, showing you the best one to use for your manufacturing business situation.

· 11 min read
bookkeeping tax

bookkeeping tax

What's the difference between direct and indirect expenses for a handmade business?

We show you why it's important to know the difference between your indirect and direct expenses when running a craft business.

· 2 min read
Inventory Requirements for Small Business: What the IRS Says and How to Track It

inventory management

Inventory Requirements for Small Business: What the IRS Says and How to Track It

The IRS doesn't care how small you are. If you make products from raw materials, you're required to track inventory. Here's what Publication 334 says — and the best way to keep track of inventory for your small business.

· 9 min read
bookkeeping tax

bookkeeping tax

Craft Business Expenses: How to Keep the Tax Man Happy

There are many tax expenses involved in running your own professional craft handmade business - we guide you though some of the most common ones.

· 9 min read
NAICS Codes for Handmade Businesses — Schedule C Activity Codes (2026)

bookkeeping tax

NAICS Codes for Handmade Businesses — Schedule C Activity Codes (2026)

Find the right NAICS code for your craft business. We list the most common Schedule C activity codes for soap makers, jewelry makers, candle makers, potters, woodworkers, bakers, and more.

· 13 min read
How to keep good records for your Craft Business

handmade success

How to keep good records for your Craft Business

We cover the need-to-knows of getting started with record keeping for your craft business.

· 6 min read

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