Marketing can take up a TON of time that you'd rather spend making your products. Learn how and why to use marketing automation for your craft business.Read More
Figure out social media platform is working the hardest for you with these handy tips and explanation on how to measure your social media return on investmentRead More
NY Now Summer 2016 Trade show is one of the biggest in the world. 840,000 sq feet of exciting products, innovative design and awesome new trends...wouldn't have been possible to see it all without two very cooperative feet. Packing Lists & fun feet factsRead More
Correct grammar and spelling is vital to building trust in your reader. As Susan Thurman, author of The Only Grammar Book You’ll Ever Need, wrote, “Just a few of [misspelling and word misuse] errors will make a reader lose confidence in what you’re trying to say.”1 When you’re trying to start a business or sell a product, having a customer lose confidence is far from desirable. Below are some resources that will help catch grammar mistakes:
1) Read a grammar book. Although most of us have had the privilege of learning grammar in school, we may need a refresher. Grammar guides and review books are plentiful and don’t break the bank. The above-mentioned The Only Grammar Book You’ll Ever Need is an Amazon’s bestseller, and its kindle edition is only around $6. A grammar guidebook will help you review the rules that may be a bit hazy. On the down side, a book may not help you in a pinch of looking something up on the go.
2) This leads us to number two: an online grammar reference. For example, The Economist has a Style Guide that allows you to search for grammar points by letter. There are a number out there that have a different organization style. Look around and find a reference that is easiest for you to navigate when you’re in a grammar pinch.
3) What about the mistakes we don't know we make? Microsoft Word catches a fair few but many slip by as technically correct. The free download Grammarly checks your grammar in context and provides explanations for the mistakes. The catch is Grammarly works for all your writing online as it is a plug-in for browsers.
There you have the in-depth, spot check, and learn as you go grammar resources. Check out the one that you think is right for you, your blog, and business. Or why not check out all three!
Wishing you a successful, creative week!
KZ Consulting Services Team
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It's tax season. If you're like me, you bought TurboTax in January with every intention of just getting it done. But the winter trade shows were still going on. Then all the follow up and prep for spring...and now it's March.
No more excuses.
The design work for spring products are done and it's time to dedicate some of that freed up mental/emotional energy to actually doing your taxes.
Start with a list: Personal Info, Income Info, Adjustments (loans, moving expenses, job search expenses, etc), Itemized Deductions and Credits (optional), Taxes you've already paid, and Other (foreign bank accts, direct deposit info) TurboTax tells us:
Personal Info: (easy)
- SSN of person who's filing and spouses/dependents
Income Info: (medium-hard)
- Income from jobs: forms W-2 for you and your spouse
- Investment income - various forms 1099 (-INT, -DIV, -B, etc.), K-1s, stock option information
- Income from state and local income tax refunds and/or unemployment: forms 1099-G
- Alimony received
- Business or farming income - profit/loss statement, capital equipment information
- If you use your home for business - home size, office size, home expenses, office expenses.
- IRA/pension distributions - forms 1099-R, 8606
- Rental property income/expense - profit/Loss statement, rental property suspended loss information
- Social Security benefits - forms SSA-1099
- Income from sales of property - original cost and cost of improvements, escrow closing statement, cancelled debt information (form 1099-C)
- Prior year installment sale information - forms 6252, principal and Interest collected during the year, SSN and address of payer
- Other miscellaneous income - jury duty, gambling winnings, Medical Savings Account (MSA), scholarships, etc.
Adjustments to your income: (medium)
The following can help reduce the amount of your income that is taxed, which can increase your tax refund or lower the amount you owe.
- IRA contributions
- Energy credits
- Student loan interest
- Medical Savings Account (MSA) contributions
- Moving expenses
- Self-employed health insurance payments
- Keogh, SEP, SIMPLE and other self-employed pension plans
- Alimony paid
- Educator expenses
Itemized tax deductions and credits (optional)
The government offers a number of deductions and credits to help lower the tax burden on individuals, which means more money in your pocket. You'll need the following documentation to make sure you get all the deductions and credits you deserve.
- Advance Child Tax Credit payment
- Child care costs - provider's name, address, tax id, and amount paid
- Education costs - forms 1098-T, education expenses
- Adoption costs - SSN of child, legal, medical, and transportation costs
- Home mortgage interest and points you paid - Forms 1098
- Investment interest expense
- Charitable donations - cash amounts and value of donated property, miles driven, and out-of-pocket expenses
- Casualty and theft losses - amount of damage, insurance reimbursements
- Other miscellaneous tax deductions - union dues, unreimbursed employee expenses (uniforms, supplies, seminars, continuing education, publications, travel, etc.)
- Medical and dental expenses
Taxes you've paid (easy-medium):
Properly documenting the taxes you've already paid can keep you from overpaying.
- State and local income taxes paid
- Real estate taxes paid
- Personal property taxes - vehicle license fee based on value
Other information (easy):
- Estimated tax payment made during the year, prior year refund applied to current year, and any amount paid with an extension to file.
- Direct deposit information - routing and account numbers
- Foreign bank account information - location, name of bank, account number, peak value of account during the year