Updated Table of Contents for 3rd Edition
Chapter 1 Writing As a Hobby
- Hobby or Business?
- Hobby Income
- Hobby Expenses
- No Hobby Losses Allowed
Chapter 2 Writing as a Ministry
- Charitable Nonprofit Organizations
- IRS Qualified Charity
- Running a Business as a Ministry
- Can an Author Start a 501(c)(3) Charitable Organization?
- Advantages of Qualified Charity Status for Publishers
- Disadvantages of 501(c)(3) Status
- Process to Obtain Qualified Charity Status
- 501(c)(3) Status for Publishing Companies and the IRS
Chapter 3 Writing as a Blogger
- Uniqueness of Blogging
- Blogging as a Hobby or a Business
- How Do Bloggers Make Money?
- Reporting Income on a Bloggers Tax Return
- Tax Deductions for bloggers
- Tax Reporting and Form 1099-K
Chapter 4: Sole Proprietorships
- Characteristics of a Sole Proprietorship
- Tax ID Number
- Business Name
- Business Checking Account
Chapter 5 Partnerships
- Taxes for Partnerships
- Problems with Partnerships
- Careful Planning
- Consider Alternatives
- Publishing Contracts
- Co-Author Agreements
Chapter 6 Corporations
- S Corp structure
- Taxation of S Corps
- Caution on S Corps
- Payroll and Tax Preparation on S Corps
- C Corporations
- Advantages
- Disadvantages
- Taxes for Corps
- When to Consider C Corporation Status
Chapter 7 Limited Liability Companies
- What LLC Status Means and What It Doesn’t Mean
- Benefits of LLC Status
- Disadvantages of LLC Status
- When to Consider Limited Liability Status
- Protecting Your LLC Status
Chapter 8 Financial Planning for Your Business
- Business Plan: Financial Section
- Start-Up Expenses
- Tax Deduction For Start Up Expenses
- Initial Production Costs
- Break-Even Analysis
- Pricing Your Book
- Funding Start-Up and Initial Production Costs
Chapter 9 Organizing Business Records
- Records of Income and Expenses
- Banking Records
- Credit Cards and Paypal Statements.
- Checkbook Tips
- Government Correspondence
- Record Keeping Process
Chapter 10 A Simple Bookkeeping Method
- Set Up
- Recording
- Summary Spreadsheet
Chapter 11 Record Keeping Software
- Personal Money Management Software
- Accounting Software
- Several Versions of Software
- Warning About Software
- Hiring Help with Bookkeeping
- Software for Publishers
Chapter 12 Inventory
- Problems with Inventory
- Alternatives to Shipping Yourself
- Alternatives to Inventory
- Electronic Books
- Importance of Inventory Control
- Tax Aspects of Inventory
- Cost of Goods Sold
- Counting Inventory
Chapter 13 Sales Tax
- How to Keep Sales Tax Records
- Sales Tax Included in the Price or Not?
- Making Payments to Your State Government
- File the Form Even if No Tax is Owed
- Do Not Spend the Sales Tax Collected
- Exemptions to Sales Tax
- On-line Sales and Sales Tax
Chapter 14 Income Tax for Authors
- Tax Form for Sole Proprietors: Schedule C
- Name and Number
- Method of Accounting
- Income
- Expenses
- Unique Deductions For Authors
- Tax Cut for Small Businesses
- Be Aware of Self-Employment Tax
- Are Royalties Taxable?
- Tax Planning
Chapter 15 Working with an Accountant
- What Can a CPA Do for You?
- How Much Do CPAs Charge?
- Questions to Ask an Accountant
Chapter 16 Common Mistakes Made by Authors and Publishers
Chapter 17 Resources
