March 23rd, 2012 → 10:40 am @ Carol
I enjoyed speaking to Quinn Barret of Wise Bear Books in a podcast where we talked about Business Tips and Taxes for Writers.
Here’s what we talked about:
What can a writers deduct on their taxes?
Is Sch C (sole proprietorship) an audit flag to the IRS?
Are costs to get my book on Kindle or Nook tax deductible?
What can I deduct if I haven’t sold a book yet?
You’re in business before you make money!
When do you need a CPA?
Adam Hunter
12 years ago
If you write for a living, it’s probably best to get someone like a contractor accountant on board. They’re cheap for small businesses (like writers) and let you know everything you can claim on expenses and deduct from tax. I was a bit scheptical at first, but they’ve helped me to make the most of my earnings and helped me claim tax back all sorts of crazy things.