What sets off an IRS audit flag?

February 20th, 2019 → 12:20 pm @

Co-mingling businesses can set off an IRS audit.

Blog &Q&A &Tax Tips for Writers

No blogging income yet, should a blogger file a tax return?

February 13th, 2019 → 3:25 pm @

A blogger wonders if she should file a tax return since she doesn’t have any income yet.

Blog &Q&A &Tax Tips for Writers

Bare minimum record keeping for writers

February 6th, 2019 → 4:51 pm @

Financial records are extremely important to successfully running a writing or publishing business.

Blog &Business Tips for Writers

What author expeses are tax deductions?

January 30th, 2019 → 2:00 pm @

Some of your expenses as an author are tax deductible, but some are not! How can you tell the difference?   The IRS explains what makes a business expense a tax deduction: “To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in […]

Blog &Q&A &Tax Tips for Writers

When should a writer hire a CPA?

January 23rd, 2019 → 1:30 pm @

When should a writer hire a CPA

Blog &Q&A

A new tax deduction for authors and bloggers in 2018!

January 16th, 2019 → 9:07 am @

New in 2018 a qualified business income deduction for authors and bloggers.

Blog &Tax Tips for Writers

Tax changes simplify inventory. Does it help authors?

January 9th, 2019 → 10:10 am @

Can authors give up tracking book inventory?

Blog &Business Tips for Writers &Tax Tips for Writers

Bookkeeping for Writers class closes 12/31/18

December 19th, 2018 → 10:25 am @

Get your bookkeeping in shape for taxes

Blog &Business Tips for Writers

Should I just share half my profit with my co-author?

December 11th, 2018 → 2:42 pm @

Offering to split the profits with a co-author is not as simple as it sounds.

Blog &Business Tips for Writers

Writers: Get your records in shape for tax season!

December 4th, 2018 → 10:24 am @

Get your bookkeeping in shape for taxes

Blog &Business Tips for Writers