How often should an author be paying income tax?
January 7th, 2013 → 1:05 pm @ Carol
To avoid an IRS penalty, writers and authors should make quarterly tax payments.
Tax Deductions for Writers mini ebook. No charge!
January 5th, 2013 → 3:06 pm @ Carol
Just in time for tax season. I am offering a mini-ebook, Tax Deductions for Writers
Kindle book: Does an author need to set up a business?
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).
Expiring tax provisions 2012 (in plain English)
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 […]
Mixing vacation and business travel
November 8th, 2012 → 6:06 pm @ Carol
An author who is planning a trip to England asks what he can deduct as business expenses.
Video Blog: Vacation and business trip
October 23rd, 2012 → 6:05 pm @ Carol
An author who is planning a trip to England asks what he can deduct as business expenses.
Are unpaid royalties a tax deduction?
October 16th, 2012 → 3:33 pm @ Carol
Can an author write off the amount of royalty that the she did not receive?
Video Blog: Book purchases as a tax deduction
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.
Using crowd funding to raise money for your book
September 27th, 2012 → 6:09 pm @ Carol
How does the IRS see income from crowd funding sources like Kickstarter?
Business Tip #13 for Writers: Sales Tax Exemptions
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 […]
