Not a hobby writer?
December 26th, 2011 → 2:00 pm @ Carol
How can I show that I’m not a hobby writer? I intend to make a profit; it just hasn’t happened yet. Keep a log of your work and your submissions to magazines, agents, publishers, etc. A submission log can be very helpful to show you are actively attempting to make a profit at this. Look […]
Is all hobby income taxable?
December 19th, 2011 → 2:00 pm @ Carol
Is all hobby income taxable? Yes; anything you make from writing, your blog, etc is taxable income, even if it’s just a hobby. Come back next week for as another hobby writing question is answered! Or subscribe to my RSS feed or newsletter on the home page to get these blog posts sent to […]
IRS announces new mileage rates for 2012
December 12th, 2011 → 5:44 pm @ Carol
From the IRS https://www.irs.gov/newsroom/article/0,,id=250882,00.html Beginning on Jan. 1, 2012, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 55.5 cents per mile for business miles driven 23 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable organizations […]
Can my writing and editing be one business?
December 12th, 2011 → 2:00 pm @ Carol
I’m a writer and an editor? Are these two separate businesses? They are closely related and can be considered the same business for tax preparation. You should be able to combine the income and expenses into one Schedule C Profit or Loss from Business. Carol Topp, CPA
Shocking News To Authors: The Book Business Is A Business First
December 10th, 2011 → 8:25 am @ Carol
Terry Whalin, author and publisher, gives us insight into the costs of publishing that most authors never see. Before I began working inside a book publishing house, I had written more than 50 nonfiction books, ranging from children’s to adult books. I have never self-published a book and always worked through traditional publishers. However, […]
Author to Business Owner: Alexandra Swann Part 2 of 2
December 5th, 2011 → 2:00 pm @ Carol
A few short days ago, Alexandra Swann, author and business owner, shared her incredible story about her education, first published books and the start of her own media company. It was no small feat to earn her master’s degree at sixteen, completely sell out of 2,500 copies of her first book, and see her fiction […]
Author to Business Owner: Alexandra Swann Part 1 of 2
December 1st, 2011 → 2:21 pm @ Carol
Author to Business Owner is designed to provide first-hand business tips for each and every writer. Each special guest has graciously imparted knowledge of their writing business in hopes of encouraging fellow authors to grow and manage their own businesses. This month, I am excited to introduce Alexandra Swann, author of No Regrets: How Homeschooling Earned […]
10 Questions Writers Have
November 28th, 2011 → 2:00 pm @ Carol
Have questions about writing? Business? Renowned author and publisher Terry Whalin has the answer! Jumpstart your writing business; take advantage of his wisdom: Articles about Common Writing Questions Do Agents Look For New Authors? Why should I write nonfiction instead of fiction? Why Is A Writers Conference Important? How Should I Pack for A Writers […]
Sales tax on internet purchases
November 23rd, 2011 → 8:33 am @ Carol
photo credit: ilouque Don’t Mess with Taxes, Kay Bell, is keeping her eye on the issue of sales tax for on-line sales. This can affect many writers and self publishers who sell their books via their websites. States are beginning to pass laws requiring on-line retailers to collect sales tax from out-of-state customers. Tax software […]
Top 10 Blogs for Authors
November 10th, 2011 → 2:00 pm @ Carol
Need a better marketing strategy? Looking to be self-published? Just want advice from other authors? Self-published author and blogger Shelley Hitz put together a list of the Top Ten Blogs all authors must follow. She is spot on! Still need more? Learn helpful business and tax tips in my new book, Business Tips and Taxes […]
