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April 19th, 2007

Setting Up Your Home Business Bookkeeping System

       Now that tax time is over, unless you’ve requested an extension, you’re probably discovered some changes you should make in your bookkeeping or record keeping system.  As you prepared your home business taxes, or gathered information for someone else to do the final work, you might have realized you need to change some […]

By Mary Emma Allen -- 0 comments

February 24th, 2007

Tax Tips From a Home Business Owner

Tammy Powley, who writes b5media’s Jewelry & Beading blog, has written at least two posts recently about getting the information ready for her taxes.  It’s sometimes interesting and informative to learn what someone else is doing. 
“This [taxes] is one of the things a lot of jewelry makers [and other home business people] don’t think about […]

By Mary Emma Allen -- 0 comments

February 24th, 2007

Tax Time & Home Businesses

Depending on the complexity of your home business, you may find you can do the bookkeeping yourself (perhaps with the help of systems like Quicken and Turbo Tax).  Or you may need the aid of an accountant to help set you up and then do the final tax preparation.
If you hire any employees, then you will […]

By Mary Emma Allen -- 0 comments

January 14th, 2007

Bookkeeping for Your Home Business

Although producing products, rendering services, and generating sales are vital to a home business, setting up a bookkeeping system and keeping it up to date is very important, too.  Many small business owners neglect this aspect and find themselves scurrying around at tax time trying to find the figures they need.
There are many record keeping […]

By Mary Emma Allen -- 1 comment

December 28th, 2006

Year End Summaries of Your Home Business

As I was organizing several years’ worth of annual Christmas letters, written to family and friends summarizing our family and business activities, I realized they gave a record of what we were doing throughout the years.  I’d saved copies (the writer in me).  Then I learned from a family history researcher friend that these Christmas letters […]

By Mary Emma Allen -- 0 comments

December 18th, 2006

Bookkeeping for Quilting & Craft Home Businesses

One of the small businesses that can evolve out of a hobby is quiltmaking or fabric art.  If you are involved in this type, you may find my post about bookkeeping for this business on my Quilting and Patchwork blog.
Some of the resources suggested may be of interested for other businesses as well.  Computer bookkeeping […]

By Mary Emma Allen -- 0 comments