As a writer in the process of getting published, you may have paid more than $600 to a literary agency, editor, photographer, website designer, or book packager to work with you this past year. You can claim this amount as an expense when you file a Schedule C; it will lower how much tax you have to pay on your income. Here is the link… [Read More]
It’s January and the time of year when you need to prepare your taxes or gather the information together to take it to a tax professional. Before January 31 you are required to file 1099-MISC forms for income you paid to independent contractors during the last year. If you paid more than $600 to an individual or a contractor for professional services related to the… [Read More]
Sharon Yntema, bookkeeper and author, shared her good experience with a small publisher in a recent blog and here she shares her story and good advice for the business of being an author. In 1981, I received my first author royalty check. Up until that point, my tax returns had been totally straightforward: one W2 was all I had to deal with, and so I… [Read More]
