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Quilting and Patchwork

July 31st, 2007

Sales Tax & the Quilt Business Owner

Whether you collect sales tax for mail order and Internet sales or in a quilt shop, you may find yourself in a quandry at times. 
*What if you live in a no tax state but sell to customers in a state where there is a sales tax?
*What if you have a sales tax in your state […]

By Mary Emma Allen -- 0 comments

July 14th, 2007

Using PayPal for your Quilting Business

Getting paid from customers who live some distance away, or with whom you do business online or by mail, can be a lengthy process and occasionally leave you with a check that isn’t good.  PayPal has become one way to make doing business easier. 
Many home businesses doing business online utilize the PayPal banking services for […]

By Mary Emma Allen -- 2 comments

February 24th, 2007

Tax Tips from a Craft Business Owner That Also Apply to Quilters

Preparing taxes returns for a craft or quilt/fabric  business occupies us this time of year.  Some have already filed theirs, while others are wondering why they have to and what they need to do.  Tammy Powley, who writes b5media’s Jewelry & Beading blog, has written at least two posts about getting the information ready for […]

By Mary Emma Allen -- 0 comments

January 20th, 2007

Quilters Pay Taxes, Too

Quilters, who earn income from their art, often don’t consider that they’re in business and that they must pay taxes in most situations.  If they receive a 1099 Misc Income form, then it might occur to them that they have to report something.  Even then I’ve heard some remark they didn’t realize they had to […]

By Mary Emma Allen -- 0 comments

January 16th, 2007

Bookkeeping - Important for a Quilting Business

Many quiltmakers and fabric artists have turned their hobby into an income producing business.  It’s important that they develop a bookkeeping system for income and expenses.  If they’ve developed a business large enough that they have employees, there are other bookkeeping matters to consider.
The post about bookkeeping at my blog, HomeBizNotes, will give you a place to start with […]

By Mary Emma Allen -- 2 comments

December 18th, 2006

Bookkeeping for the Quilt Business Owner

Many quiltmakers and fabric artists are involved in a fascinating hobby.  Others begin to see this as a way to earn income and develop a home based business.
Once you’re involved in a business, you’ll need some way to keep track of earnings and expenses, a way of making sure your checkbook is balanced (this is […]

By Mary Emma Allen -- 1 comment