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Tax Resources for Craft Business Owners

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With the beginning of a new year, there’s one thing that starts looming: Filing taxes. Don’t worry Silhouette and Cricut craft business owners – I’ve got you covered with a lot of tax information on the Cutting for Business blog. Today, I’m rounding it up in one place. Let’s start at the beginning.

I get asked a lot: “Do I have to report the income in my Silhouette or Cricut business?” Most likely, the answer is yes. I see misinformation about this all over: There’s no “magic” number for what amount of income you should report – and the IRS is pretty clear on when you are an official business. Read more in this post:

Do You Have a Silhouette Cameo or Cricut Explore or Maker Craft Hobby or Business? - by

Next, if you work for yourself in the US, but prepared for self employment tax:

Income Tax and Self Employment Tax in Your Silhouette or Cricut Small Business - by

Maybe the only good thing about filing taxes? Tax deductions! Read on: 

Tax Deductions in Your Silhouette or Cricut Business Craft Business - by
Still not sure where to start? Head here and grab my printable tax prep checklist in this post:

Printable Tax Prep Checklist for Silhouette or Cricut Small Craft Businesses - by

Wondering about a 1099 from Etsy (or other marketplaces)? Find out if you’ll get one:

Why Didn't I Receive a 1099 from Etsy, Ebay, Amazon, Stripe? By

While I’ve been highlighting posts about Federal taxes, don’t forget you’ll also be responsible for sales tax in many states. But, what is sales tax? Find out in the next post:

Should You be Charging Sales Tax to Your Customers in Your Silhouette Cameo or Portrait and Cricut Explore or Maker Business? By
With recent legislation last year, you may be responsible for taxes in states that you don’t live in, too. Get more information in this post:

Internet Sales Tax Legislation - What Craft Business Owners Need to Know for Silhouette Portrait or Cameo and Cricut Explore or Maker Crafters - by

Too busy to be bogged down with filing sales tax? I use a service to file automatically. Here’s my review:

Review: TaxJar Sales Tax Preparation and Filing Service for Small Businesses - by

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Tax Resources for Craft Business Owners - Silhouette Portrait or Cameo and Cricut Explore or Maker - by