When it comes to running a business, there are lots of ways to improve profits without having to cut costs. Here is a collection of some of our top tips for being more profitable.
The 3 Best Mobile Apps for Interior Designers
Everyone has dozens of apps installed on their phone such as apps for social media, communication, music, etc. Here is what we think are the 5 of the best mobile apps for interior designers.
How much should I set aside for taxes?
Starting a business is hard enough by itself without having to worry about taxes and how much you should set aside for taxes. Here are some tips from us and our past clients.
5 Tips for Staying on Top of Your Bookkeeping
Finances don’t have to be time-consuming and difficult. If you prepare for it ahead of time, you’ll find that it’s a lot more manageable than you think. Here are some tips to stay on top of your bookkeeping.
How Much Should I Pay an Interior Design Assistant?
When you start getting more projects, hiring a design assistant is essential to meet project deadlines. Here’s how much you can expect to pay an interior design assistant.
Why Must I Report Retainer Balances As Income?
A retainer fee or retainer balance is money that your client pays upfront for services that you will perform later on. Retainer balances but be reported as income in certain scenarios.
Top 5 Mistakes That New Interior Designers Make
Starting a business isn’t always smooth sailing, here are the top 5 mistakes that new interior designers make, so you can avoid doing the same!
How Much Does It Cost for an Interior Designer to Outsource Bookkeeping Services?
As an interior designer, it may be a good idea to outsource bookkeeping services so you can focus on your clients. Here’s roughly how much you can expect to pay.
Should I Hire Someone as a Contractor or Employee?
When you realize you need help and need to bring more people on board, here’s how to decide whether you should hire a contractor or employee.
Will My Company Be in Trouble If a Contractor We Hired Doesn’t Pay Their Taxes?
Many businesses inevitably run into a situation where the contractor they hire doesn’t pay their taxes. Although it isn’t your job to make sure they pay proper income tax, it could cause problems for your Form 1099 filings.
How Much Does It Cost to Hire an Interior Designer
The cost to hire an interior designer ranges based on many different factors such as room size, designer experience, decor cost, etc. but here are some rough prices based on what we’ve seen.
Top 5 Benefits of Outsourcing Your Bookkeeping
When it comes to bookkeeping, a lot of business owners either pull their hair out trying to figure out all the numbers or wait until tax season to see if someone has the time to help.
Webinar: Hot Topics in Interior Design Accounting and Financial Management
Join Emilie Sheaffer, an accountant with expertise in the interior design industry, for some of the most pressing financial and accounting management issues faced by interior design professionals today.
Why Hire a Professional to File Your Interior Design Income Tax?
Are you an interior designer and looking to file your income tax, but aren’t sure if you should just do it yourself or hire a professional? Maybe we can help you decide!
Do Interior Designers Need Trade Accounts
Are you an interior designer that has heard about trade accounts but hasn’t quite decided if it’s something you want to set up? We can help you decide!
How to Become an Interior Designer and Is It Right For You?
Have you decided that you want to become an interior designer but aren’t quite sure where to start? Maybe we can help.
Top 9 Interior Design Trends For 2021
Trends constantly change, and it includes even the simplest interior design styles. Incorporating some of the current interior design ideas is the quickest method to improve your home’s décor.
A New Change in Tax Rules: Meal Deductions
Starting January 1st, 2021 through December 2022, designers can claim 100% of their meal expenses paid to restaurants. That’s right, 100%!
Top 10 Tax Deductions for Interior Designers
With all the extra stress we’ve all been through last year because of the pandemic, we understand how frustrating taxes can be. Thanks to these 10 tax deductions, interior designers can save a lot of money in taxes.
Selling Outside Your State and Multi-State Sales Tax
Designers should always ask themselves, “Am I selling more than $50k worth of goods or services in a state in which I am not registered?” If you answered yes to this question, it might be time to look at nexus thresholds for that particular location and multi-state sales tax.
Melio: Making Life (and Vendor Payments) Better for Designers
Melio, “The Simplest Way to Pay Vendors & Contractors” connects seamlessly with QBO to make vendor payments seamless.
Our Accounting Workflow for Interior Designers
Here are our best practices when it comes to interior design payment and order tracking in order to stay on top of your game.
Didn’t qualify for PPP? Here’s a List of Other Loan Options for Designers
If you did better in 2020 but could really benefit from additional resources, here is a list of loans that do not require reduced income.
10 Financial Questions Designers Should Be Asking Themselves
To start the conversation and head into 2021 with a strong outlook and trajectory for your interior design business, here are some questions for you to ask yourself.
Better Bookkeeping for Interior Designers
Our very own Marissa Jones explains how designers can practice better bookkeeping. You can find the full webinar below, but here is a quick guide if you are short on time.
Our Favorite Software for 2021
We have compiled a list of our favorite software for 2021, so you can start the year set-up for success!
Webinar: Strategic Planning for Financial Success
Our very own Marissa McKinney and Emilie Naderzad speak with with Reisa Elden of Houzz to discuss strategic financial planning during the pandemic.
QuickBooks Online Accounting with Ivy/Houzz Pro for Interior Designers
Interior design is a unique challenge, especially when it comes to accounting, but the geniuses behind Ivy/Houzz Pro have figured it out, and the best part is that it integrates with QuickBooks® Online (QBO).
How a Bookkeeper Can Increase Your Design Firm’s Bottom Line
The main reason a business should hire a bookkeeper is to produce accurate key figures needed to make better financial decisions and ultimately increase the design firm’s bottom line.