Questions for Etsy Sellers  |
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1.  giftsandbagscom (12044) | 10 months ago |  What ever you do with etsy don't forget to open an ecrater.com store as well. There are no fees and I have sold on it a few times. I like etsy.com and I have my bags there as well. But I rather sell crafts where I have them listed for more days and can be re listed if need be.
ecrater.com
blujay.com
I sell for a living to support myself and my child. No I don't have a tax id. I don't find the need for one right now.
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 3SnuggleBunnies (3557) | 10 months ago |  I was thinking even craigs list to keep it on a cash only basis as I only make things as I want or need to ya know.
I'm glad you are able to support yourself this way. A neighbor when I was growing up she quit her job to do crafting fulltime like when the craft malls were doing well and such she made more crafting than holding down a real job while her kids were in school.
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 Tamarama34 (111) | 9 months ago |  I sell on Ebay, etsy, etc.
I only sell for cash right now as I'm so small a business and am homebased that to
register and have a tax ID is silly.
Once I am in it for a year at least and start making more than I spend, then and
only then will I bother to get a tax ID.
In the meantime, I charge for the product and shipping cost, but I add NO TAX to
my listings.
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2.  creationsbyrobin (1825) | 10 months ago |  I have a shop on Etsy.com and a couple of smaller shops on a couple other sites. I do have a tax ID because I will sometimes sell at craft fairs and vendors really need to have a tax ID to sell at fairs and shows, or run the risk of being shutdown should the tax man show up.
I also look to consign/sell wholesale/rent space, to sell my jewelry in boutiques and gift shops and a taxID is needed for this also.
I do claim my all of my sales and expenses on my tax return and I also pay taxes quarterly for all of my in-state sales. Paypal & Etsy fees are fairly easy to track and state taxes are built into the prices of my items (should they sell in state)
I don't know how the IRS determines what is a business and what is only a hobby. My tax adviser told me I needed to claim my sales. Basically, he said that if the items are made to be sold for a profit, it is considered a business not a hobby. Should the business lose money three straight years, the IRS may consider it to be a hobby at that point (and the word "may" means- who really knows, IMO)I'll continue to use an adviser to guide me on this matter. But yes, I do run it like a business, with a notebook full to record all in-state sales and sales tax paid by quarter, along with a file containing all order confirmations for all of my purchases.
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| 3SnuggleBunnies (3557) | 10 months ago | See all this tax business is what scares me & makes me wonder if it's worth it ya know? I did not realize @ craft fairs they would require a tax id from you, but it makes sense at the same time too. | |
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| creationsbyrobin (1825) | 10 months ago | Yes, it is possible that the state may send someone to a show to check for tax ID's. It's really quite simple for state IDs. I filled out a tax form at the state tax site on the net and within 10 business days they had sent me my temporary tax ID. I pay my sales tax quarterly by phone (it can also be done online in the state I live in)
Speaking of which, today is the last day of the quarter, so I'll need to get hubby to sit down and figure out my sales tax so I can call them in the next 10 days to pay my bill (it should be a whopping $10...at most...lol) | |
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| busyB4 (792) | 10 months ago |  Here they ask for a license to sell, not really a tax number. What is so bad too is having to pay taxes to different cities,counties,etc.. for craft shows.
I was told that you did not need a tax number if you sold to a whoelsale place, or it was on consignment and the store owner collects and files the taxes, only if you plan to go retail.
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| creationsbyrobin (1825) | 9 months ago | I guess each state/county/city requires different licenses and have different laws concerning taxes.
In the state I live and do fairs, the only requirement is collecting and paying state taxes on the sales I make either at fairs or online to people that live in this state. Permits are probably needed for those that sell food or drinks, but I don't need a license to sell my handmade jewelry.
It's amazing how different it is from state to state and it's part of the reason I've so far, have stayed in the state I live in. | |
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3.  pmbhuntress (699) | 7 months ago |  Alot of things are different about taxes, I just do all of my taxes together, Since hubby ownes a roofing business. This way everything is all done at once. Its all the same money. Usually we do ours quarterly to. But when I was just doing my craft sales alone it was roughly about $25 every quarter. So that wasnt much at all. Of course I got it back at the end of the yaer. But now we just lump it all together. It makes it easier on us both.
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