Our team of accountants created a simplified list of Ivy’s updates for our busy designers. Read below for our quick list.
New District Use Tax Collection Requirements for All Retailers
Requirements for certain out-of-state retailers. The new use tax collection requirement is not retroactive and applies only to sales made on and after April 1, 2019.
Hey California! How do you know when shipping is considered taxable?
Not certain when to tax shipping charges? Our accountants lay down the basics for shipping and when to charge to tax!
Sales & Use Tax Rates Effective: April 1, 2019
Effective April 1st, 2019, select New Sales and Use Tax Rates in CA will increase. We advise checking the cities and county where your projects are located and check if that area’s sales tax has changed.
Our Pro-tips for a Smooth 1099 Filling
With the IRS’s 1099 deadline behind us, here is what you should be doing to ensure filling goes smoothly next year.
SBA Disaster Relief: Quick Guide for Designers
The Small Business Administration (SBA) is offering Economic Injury Disaster Loans (EIDL) of up to $2 million and immediate relief in the form of EIDL loan advances of up to $10,000.
How Accrual Accounting Works for Interior Designers
Designers always ask us to explain accrual accounting and how it pertains to the interior design industry. Good news is that our CEO, Marissa Jones explains the difference between accrual…
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How Recent PPP Updates Affect Designers
For designers that received assistance through the Paycheck Protection Program (PPP), we have the latest information regarding the Paycheck Protection Program Flexibility Act (PPPFA).
Designer Feature of The Month: Byrdesign
This month we are excited to introduce one of our beloved designers and showcase a project she recently completed on an old 20th century home. Meet Beatriz of Byrdesign!
CDTFA Publication for Interior Designers
California Department of Tax and Fee Administration (CDTFA) documentation on sales and use tax regulations for interior designers and decorators.
How 1099 Filings Are Changing This Year & How It Affects Interior Designers
There are some changes being made through the IRS regarding 1099 (1099-NEC and 1099-MISC) that are effective for 2020’s filing.
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.
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).
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.
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.