This blog is meant to be a record of my adventures as a new home-based business owner. Starting my jewellery business was one of the most daunting things I've ever done, next to giving birth. Especially since I was (am?) pretty technically stunted. In this blog I will describe the trials, tribulations and, hopefully, eventual successes I experience while navigating the world of (really, really, really small) business. I also plan to use this blog to talk about all the aspects of jewellery design that fascinate me, keep me addicted, and cause me to spend thousands of dollars (What, honey? No, I didn't say thousands...) on gemstones, beads, findings, etc. I welcome your input, ideas, and stories of similar experiences in beading, jewellery design, or running a handcrafts business.





Showing posts with label HST. Show all posts
Showing posts with label HST. Show all posts

Thursday, September 2, 2010

A Store is Born

Hello, blogreaders.  Just got home from work, where I spent twelve hours moving my classroom, organizing my stuff, and setting up for the first day of school.  I don't understand why, despite the fact that I've been doing this for fifteen years, this process never gets any easier or quicker.  I must be working hard, but not working smart, as they say. 

Last I blogged, I had just done a business name search and chosen the name Bead Planet.  I paid for and received my Master Business License, Business Registration number, and Vendor Permit.  Now everything felt official.  The next step was to figure out sales tax.  Before July, 2010, Ontario businesses had to collect and remit 8% sales tax as well as 5% GST on taxable goods, such as jewellery.  If your annual sales will be less than $30 000.00, (ha, ha) you are exempt from the hassle of collecting and remitting GST, but not PST.
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