I just finished my taxes and I found out a couple of things I did not know before.
1.) There are two separate line items for Materials and Supplies.
2.) You are expected to record the value of the materials that you purhcased and used during the tax year.
3.) You are expected to record the value of the materials that you purchased and didn't use during the tax year.
4.) You can depreciate your mechanical equipment (e.g. your sewing machine). Actually, I knew that.
In preparation, I had saved all of the receipts for materials purchased in 2005, but I didn't think that I would need to record how much went to producing my product. If you keep product in stock, you are also expected to record this as well, which is separate from supplies purchased and not used. There's also a line item for incidentals for stuff like scotch tape, etc.
Does anyone else who has been running a DIY business have any other suggestions on how to manage the operations side of things?
Here's my new bag, crafted and named for my mother-in-law's birthday.
Janet Tote Dimensions: 10" x 6" x 11"
The Janet tote is made of heavy bottom-weight canvas supported by craft interfacing by Pelon. This was the first one I made in this size. (The other was purse size.) To draft the pattern and cut took about an hour and it took about another 5 hours to make.
Other details: - two 6" external 'invisible' pockets (invisible, b/c I matched the pattern) - two 5" internal pockets (good for PDAs and iPods) - two 3" internal pockets (good for cell phones and misc) - one 7" zippered pocket w/ contrast lining (good for items you want to keep secret) - 30" shoulder straps - magnetic snap closure
Cell phone, PDA, and iPod not included!
Model/Wife also not included!
Please let me know what you think... Will this sell or are there too many inexpensive tote bags available from Walmart and Target?
I made these shirts for my wife's two brothers. You don't see too much stuff around with this logo anymore. So I bought some vintage stickers from eBay, scanned them at a whopping 1200x1200dpi, color corrected them, and made these shirts for their birthdays.
I had bought a T-shirt, not dissimilar from these, from eBay... but it turned out that that guy just used iron-on transfer paper. I figured I could do just as good of a job. And I did!
I surrounded the logo in the oval, b/c I didn't want to have to X-acto around all the small details. Much less cutting!
I've searched on the Craftster forum and got some initial suggestions, but would like a current opinion.
I have a White 1888 machine, purchased new. And when I'm sewing some fabrics... usually light or stretchy fabrics... the bottom fabric passes at a different rate than the top fabric.
B/c I pin my pieces together, this means that the top fabric will start to bunch. I will then have no choice but to remove the remaining pins and hand guide the rest of the way.
I've tried adjusting the top tension and it doesn't seem to make a big difference either tighter or looser. There is somewhat of a manual adjustment undernear near the bobbin, but it seems to be an 'all or nothing' feeddog lever.
It was suggested in other posts that with delicate fabrics, the stitch length should be looser, also with fabrics like leather or vinyl. However, a shorter stitch length will provide more control and less 'creep." Is this right?
I've finished 2 bags and completed 95% of another 5 bags in about 3 days. There are three types. The "Devon" bag is the bag I designed as gifts for my wife's bridesmaids. Although these aren't the ones. Those were brown and pink and I won't be making those again, but these brown and lavender ones were made for people who loved then and had to have them. There's also the "Devon, too" which is just a variation on the theme and the most loved bag on Craftster... the Jordy.