January begins a new fiscal year. It’s also the best time to organize your tax information for last year. Whether your book has been out for more than a year, or you’re more than a year out before you finish writing your book, this is the best time of year to gather the information together for tax purposes. On the income side, identify the sources… [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]
The Authors Guild is the nation’s oldest and largest professional organization for writers in the United States, aiding and protecting authors’ interests in copyright, fair contracts, and free expression since 1912. It supports working writers, advocates for author rights, and provides a community for its members. Until recently you needed to be a published author before you met eligibility requirements for membership. This past year the Authors… [Read More]
Not every author has an agent or an intellectual property rights attorney who can advocate for their rights and protect their work. So what do you need to know? You might be surprised if you “lawyer up,” your contract offer may be withdrawn. Why? Most publishers offer contracts which use boilerplate language and they do not negotiate every term and condition for each contract they… [Read More]
So you’ve just finished the latest offering by James Patterson, Robert Ludlum, or Pitticus Lore, and you’re wondering if it was traditionally authored, co-written, ghosted, or something else entirely. Good question. In the case of Patterson, who has put out 140 novels thus far – 15 in 2014 alone – he pays others to write the books for him. These writers don’t receive royalties, but… [Read More]
