Making things inevitably costs money. You spend on materials, tools, and classes, and sometimes the outgoings can seem endless. But when you’re making things to sell, these are the costs of doing business – otherwise known as business expenses! When you keep track of these costs and include them in your tax return, they reduce the amount of tax you pay.
Putting a price on the things we make can be very difficult. We often sell ourselves short and end up losing money (or not making what we should) on our work. We forget that quality and originality can be more valuable to the right customer … Read more »
When it comes to pricing your work, it’s important to consider overhead costs, and factor these into the final price of your products. Overheads are costs that you need to pay in order to run your business, but aren’t tied directly to making a specific … Read more »