January 7th, 2013 → 1:05 pm @ Carol
To avoid an IRS penalty, writers and authors should make quarterly tax payments.
January 5th, 2013 → 3:06 pm @ Carol
Just in time for tax season. I am offering a mini-ebook, Tax Deductions for Writers
December 21st, 2012 → 12:46 pm @ Carol
By default, you are in business as soon as you receive payment for your services or sell something (like a book).
November 16th, 2012 → 6:08 pm @ Carol
Fast on the heels of the election has been news about the “fiscal cliff” and several tax breaks that are set to expire at the end of 2012 if Congress does not act. Here are a few things that may affect you: Payroll tax reduction. The Social Security (FICA) payroll tax reduction we had for […]
November 8th, 2012 → 6:06 pm @ Carol
An author who is planning a trip to England asks what he can deduct as business expenses.
October 23rd, 2012 → 6:05 pm @ Carol
An author who is planning a trip to England asks what he can deduct as business expenses.
October 16th, 2012 → 3:33 pm @ Carol
Can an author write off the amount of royalty that the she did not receive?
October 4th, 2012 → 6:04 pm @ Carol
Carol Topp, CPA explains what an author can deduct on their taxes when they purchase their own books to resell.
September 27th, 2012 → 6:09 pm @ Carol
How does the IRS see income from crowd funding sources like Kickstarter?
September 24th, 2012 → 8:00 am @ Carol
Our last tip dealt with sales tax, and and how good record keeping is essential to determine what tax you will owe on your sales. But there can be exemptions to sales tax. This is important for you, authors, as vendors to know! This short excerpt from my book, Business Tips and Taxes for Writers, outlines […]