The Jewelers Board of Trade (JBT) has partnered with Mariel Diaz, founder and Managing Director of Accounting for Jewelers, to offer two free financial educational webinars: “Understanding Financial Statements” and “How to Develop an Annual Budget”. All registrants will receive a recording and accompanying worksheets. • Understanding Financial Statements, October 16, 2018, 2:00 – 3:00 pm EST...Read More
The Changes in Sales Tax Laws You Should Know as an Out of State Seller Welcome to the evolution of Nexus. Having a physical presence in a state is no longer the only thing that dictates if you are required to collect and remit a state’s sales tax as an out of state seller. Economic...Read More
Q: How can I show a Net Profit and owe on Credit Cards (and / or Loans)? I had to pay tax on my Net Profit, but I don’t even have that cash in the bank to pay off debt. A: Explanation of how you can show a Net Profit, while having debt: Taxes don’t...Read More
AGS Conclave 2018 – What I Learned KATHY IRELAND: THE POWER OF BRAND BUILDING – She’s a $350Million Brand, so I listened up. The Focus of her Career has been to: Uprise and Disrupt. (Reminded me of the Blue Ocean Strategy.) Have Market Dominance Lower costs in unusual ways, outside of the traditional model Have...Read More
If you don’t have a high interest savings account earning more than 1{f4f1c227a9297829d6c2f0b223ad0188fddc4ac1a871d87b426e6cec743bfd5b}, then you should open an account at Synchrony, Capital One 360 or another recommended by NerdWallet.Read More
You want to understand the financials of your jewelry business, but think it’s too complicated. You’re overwhelmed and don’t know where to start. You aren’t alone. Did you know the #1 pain of any business is doing their accounting? Many small businesses, especially artists, and specifically jewelers that are not business savvy, think by putting...Read More
You probably already know that if you are self-employed, then you are to pay self employment estimated taxes to the IRS each quarter, right? But you may think you have to mail in the remittance slip that came with your filed return for the prior year, and you can, but that’s not the easiest and...Read More
Robin from Flourish and Thrive Academy asked us: Q: What Reports should be running each month? A: There are 3 main monthly reports you should review. We call these your key Management Reports. Action Step: Run the following Reports and analyze each line and how they relate to each other. Doing this regularly will help...Read More
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