First let's start by addressing the name change, a 1099-nec and 1099-misc are not the same thing however until 2020 the 1099 misc was used for reporting non- employee compensation where as now the 1099-NEC is used for this purpose.

Let’s be honest. Sales tax has gotten pretty confusing for creative business owners, especially with how much digital sales have grown. I’m sure you’ve caught yourself asking, “Do I collect sales tax? Does the sales platform collect tax for me? Why can’t I just focus on creating beautiful things?!” I agree. It sucks. But, it’s much better to handle correctly from the get-go to avoid nightmares and a long headache come next spring (AKA tax season). 

Are you familiar with copyright infringement laws? If not, you should be!

When Disney+ first announced its launch, the internet went WILD, especially the millennial-turned-mom generation. Disney gained lots of attention by offering all of the classic favorites for parents to share with their kids. And on top of that, they gave us new originals when they launched, like The Mandalorian, a Star Wars spinoff show. 

 

35 Tax Deductions for Creative Business Owners

  1. Website
  2. Social media ad
  3. Business Cards 
  4. Signs for trade or craft shows
  5. Business license
  6. Permits
  7. Materials ( yarn, fabrics, Wax, T-shirts, vinyl, beads, etc)
  8. Canva subscription
  9. Photo shop subscription

5 Ways to Organize your business finances

 I get it you would rather scrub dried paint out of the carpet then add up all those expense receipts you have laying around. 

 Here is the deal though in order to have a profitable business  you HAVE TO know your numbers.   I totally understand that this is easier said then done, but don't worry I am not going to leave you hanging.

 Here are Five important Elements of getting your business finances in order

1.  Register your business with your state and local offices to insure that you are operating within the law and requirements for your area 

2. Keep all personal and business money separate