What Sets Off an Audit Flag?

November 14th, 2011 → 2:00 pm @

What can set off an audit flag?   While attending the Midwest Writers Workshop  in Muncie, IN this summer, I met Gary Hensley, a former IRS field agent. Gary had  so much information about how the IRS works and he shared interesting tidbits with the writers there. Gary explained the IRS audit procedures: The IRS […]

Blog &Q&A &Tax Tips for Writers

Banking Mistakes Writers Make

November 7th, 2011 → 2:00 am @

A writing business needs its own checking account! Here are some answers to tricky banking questions: Do I need a separate checking account for my business? Yes; Do not mix business and personal expenses. Don’t “muddy the waters.” If you are audited and have co-mingled your business with your personal expenses, the IRS will start […]

Blog &Q&A

Is taxes for writers sssexy?

September 12th, 2011 → 3:01 pm @

Author Delaney Diamond interviewed me at her website with this opening line… SPECIAL GUEST Carol Topp, CPA Makes Taxes SSSexy! Time to pay our quarterly taxes!! Now that I have your attention, I have to admit, it’s really hard to make taxes sexy. But if anyone can do it, it’s my special guest, Carol Topp, CPA. […]

Blog &Q&A

When to Hire a CPA

July 25th, 2011 → 6:32 am @

When to Hire a CPA

Blog &Q&A