So, not to freak you out or anything, but tax season is coming. And I'm a little overwhelmed by how many people are saying things like, just worked on my taxes for 10 hours. WHAT?! Doing your taxes and tracking your business numbers does NOT need to take a million hours.
In today's episode, I'll talk about exactly how I did my accounting for years while running my business. Download the transcript (using the form at the bottom of this page!) and I'll also send you a link to the video I made about the accounting software I use now and show you how it's saving me tons of time over my previous method of accounting!
[Tweet: “If you're spending hours on your taxes, you're doing it wrong! @TaraSwiger shows you the easier way:”]
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The list of expense categories from the IRS is here.
Sign up at the bottom of this post to get the FREE transcript with a link to my accounting software video!
Do you feel a little insecure talking to bankers or fancy businessmen about your handmade business because you don’t know all the accounting terms? Want to talk about money and make decisions more comfortably?
Today I’m going to introduce you to five accounting terms so we can talk more about money!
Before we dive into the terminology I want to tell you this – the Starship, my online community for makers and artists, which includes access to all of my classes, including the updated and expanded Pay Yourself and Pricing 101, opens next week. I’m not going to open it to the whole world, only to the people who have signed up to learn more about it.
So if you wanna learn more about it and if it’s for you, sign up here. Because I’ve added new and updated classes to it this year, the price is going up when it opens next time, so if you want in at its current price, you gotta be signed up right here!
I follow my enthusiasm by reading…a lot. And once a month, I share (some of) the books I read last month and the books I intend to read this month. You can join the informal book club by sharing your own list with me on Facebook and find all the posts here.
Hillbilly Elegy, by JD Vance – Oh man. This memoir really hit home. The author grew up just a few miles from where I did, but above that his home situation was similar to mine. The way he places it all in a social and historical context really helped me process it all in a new way. Basically, until I write my memoir you can read JD's and get a good view of my early life.
I'm teaching at a summit for LYS owners with Gwen Bortner in Asheville, NC in April. I think we can still sneak in 1 or 2 more yarn shops, if you wanna learn how to up-level all your systems, admin and marketing. More info here!
I've started a new Friday video series where I talk about the lessons I'm learning while I build my own biz. Find it here!
What do people REALLY make in their handmade businesses?
Two years ago, after seeing tons of income reports from bloggers & coaches I started to wonder what an income report would look like from a maker.
I decided to hold a survey to collect income reports for 2 reasons:
The reports I saw from bloggers and coaches were just NOT comparable to a handmade business.
It’s way more useful to know what lots of people are doing than what ONE superstar is doing.
So I created a survey, where you could share your numbers and your feelings with me. And I’m doing it again this year. You can go to taraswiger.com/income and share your response with me totally anonymously.
This weekend at Midwest Craft Con, I was on a panel about depression and anxiety. At the end we had a Q+A and I wanted to talk today about a question that has stuck with me:
How do you get out of bed when everything is awful?
I want you to have a business you love. And by that, I don't just mean that you love making what you make, but that you also love how you're spending your time and you feel fairly compensated. Today we'll talk about the most common reasons people don't love their businesses and solutions for each one. We'll also cover the thing most likely to make you love your business.
If you need to get clearer on what you would love, check out Map Your Business. I guide you through discovering what you want, where you want to be, and then breaking that down into a doable plan. It's available on Amazon in both paperback or Kindle, or you can get a signed version here TaraSwiger.com/map. If you have one and you love it, please share it with the hashtag #mapyourbusiness.