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 […]
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 […]
New podcast: Business Tips and Taxes for Writers
November 3rd, 2011 → 6:28 pm @ Carol
Carol Topp, CPA has a new podcast of interest to writers, bloggers, authors and publishers. Business Tips and Taxes for Writers Listen to internet radio with FeliceGerwitz on Blog Talk Radio (give it about 10-20 seconds to load the podcast) Join host, Felice Gerwitz and her guest, Carol Topp, CPA as she shares information […]
Amazon deals with California on sales tax
October 6th, 2011 → 7:21 am @ Carol
Amazon deal with California may set precedent for online tax collection. The landscape is changing for sales tax and on-line sales.
Even more tax deductions for writers
September 26th, 2011 → 2:22 pm @ Carol
expenses that reduce taxes for writers
You do not have to report sales under $20K a year, right?
August 29th, 2011 → 8:16 am @ Carol
A self-published author asks, “If you sell on Amazon or ebay, you do not have to report sales under $20K a year, right?”
Sisters in Crime interview: Tax Tips for Writers (part 2)
July 29th, 2011 → 6:03 am @ Carol
Sisters in Crime interview: Tax Tips for Writers
Sisters In Crime: Tax Tips for Writers (part 1)
July 27th, 2011 → 7:03 pm @ Carol
The Sisters in Crime blog featured an interview with Carol Topp, CPA on Tax Tips for Writers.
Should you give out your Social Security Number?
June 3rd, 2011 → 2:33 am @ Carol
Great post at Writers Digest on giving out your Social Security Number: Should You Give Editors Your Social Security Number? Q: I was recently given an assignment with a local magazine and the editor asked me for my Social Security number. I’m uncomfortable handing out that type of information and wonder if it’s normal for […]
