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CraftsCheryl LewisLatest ArticlesDon't Let Things 'Just Happen' Take time to plan and don't let things "just happen." Crafting is now an industry and we are all manufacturers and retailers with the responsibility of helping our industry continue to grow. Heavy words for an ending, but the new year can be a beginning. When doing Craft Shows at Holiday Time, one needs to be flexible. Sometimes you can take a negative and turn it into a positive. I sit, reflect and plan what I want to have happen at a show, then at times have to reassess before the next craft show. This is ... Give yourself only minimum wage if you want, but think about the person buying your handiwork. Can you imagine what the individual's monthly salary might be? Do most of your customers make only minimum wage? You are a creative person using your talents to create a livelihood When setting a price, look at several factors: what the competition charges, what a customer will pay and the cost to produce the item. Look at advertising that states prices for items similar to yours. Look at similar products sold by your competition; scout the competitors' prices. HOW DO YOU PRICE YOUR PRODUCT? For the next several articles, we are taking a different approach. We want to concentrate on pricing for creative entrepreneurs. Pricing. Sounds so easy, doesn't it? We all know it is a difficult process. Set the price be too high and the public won't buy. Set it too low and the ... Fica and federal deposits, When your combined employer and employee FICA and federal taxes for all employees total less than $500 in a quarter, you can pay the entire amount when you file your quarterly Form 941 - Payroll Tax Return. If, however, you owe more than $500 in FICA and ... When your combined employer and employee FICA and federal taxes for all employees total less than $500 in a quarter, you can pay the entire amount when you file your quarterly Form 941 - Payroll Tax Return. If, however, you owe more than $500 in FICA and federal payroll taxes, PAYING EMPLOYEE AND EMPLOYER TAXES There is more to paying employees then just writing a check. Bookkeeping is involved and many employers make it easier on themselves by out-sourcing the work to a payroll service. If this is not the route you want to take, learn how to do payroll yourself. Sometimes a boss is so gung-ho on directing an employee that the boss ends up actually doing all the work. Constantly checking to make certain the employee is doing the work correctly is a time waster. More examples of wasting time:
When you have a good employee, you want the person to be satisfied with the job and to stick around. Keep a pleasant work environment and pay a comparable wage for comparable work. |
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