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Keep your bookkeeping simple in 2015. Free spreadsheet for writers and authors

In my book, Business Tips and Taxes for Writers, I discuss record keeping and recommend different software programs that writers can use to manage their business. I start by saying that a simple...

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Business Tips for Writers part 2 (podcast)

  Author and CPA, Carol Topp, shares business tips in this podcast recorded at the International Business of Writing Summit in Louisville Kentucky. Listen to the podcast here In the podcast Carol...

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8 tax mistakes writers make

Tax mistakes writers commonly make: 1. Depending on your memory, not written records  “Forgetfulness transforms every occurrence into a non-occurrence.” -Plutarch. If you rely on your memory instead...

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Do writers as business owners pay taxes twice?

Would I have to pay taxes twice if  checks were made out to my writing business instead of to me? Taxes paid first by the business as income and then paid by me again if I receive it from the business...

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Tax Q & A from writers

  I don’t have any income from my writing yet. Do I still file a tax return for it? Yes, a writer with a profit motive can and should file a Schedule C Profit or Loss from Business with their personal...

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What are the disadvantages to author partnerships?

First of all, I wanted to say that I enjoy your website. Very informative. My sister and I want to write books together for a long term, however on one of your post you said that you do not recommend...

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Is this author given a gift or is it a sale?

I offer thousands of dollars worth of free books and sometimes a person gives me a donation as a way to thank me. Is this income or a gift? -Elizabeth Elizabeth, If you gave books to individuals and...

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Blogging contributors as partners

I started a blog with three other girls last year and we really want to start an LLC so we can start making money. The problem is that we’re all from different states, and two of the girls are in...

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The Business of Writing online workshop

  I’m pleased to be part of an excellent panel of experts giving workshops during the Business of Writing online Workshop sponsored by  the Women’s Fiction Writers Association   The week-long online...

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Taxes for Writers webinar

I know tax season just ended, but you should still know all that you can about taxes if you are a writer.   This webinar was sponsored by the Association of Publishers for Special Sales (APSS), and was...

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How You (or Your Child) Can Become a Published Author

It is easier than ever to become a published author. Even a child or a teenager can be published! In this episode of the Dollars and Sense podcast, host Carol Topp is joined by teen author Rachel...

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Teenagers Can Become Published Authors

Host of the Dollars and Sense podcast, Carol Topp, is joined by teen author Rachel Coker in this presentation where they discuss traditional versus self publishing, building a platform, and how a...

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Tax deduction for donated books

Tax question for you, Carol! I file a Schedule C Business Income for my sole proprietorship. I know that donated books can’t be deducted there, but should be on the Schedule A (Itemized Deductions). My...

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Are donated books a charitible or a business deduction?

Are donations of books to a school where I give a presentation business expenses? If I “give” one of my books to someone (whether it be my editor, a family member I want to thank for their support, or...

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What and how do authors write off their expenses?

 What’s the process for writing off materials that I’ve purchased for writing your book. Are there categories on the tax return that apply and some that don’t? How do I know which tax deductions apply...

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Helpful tax information for bloggers, writers and authors

I share some helpful information for bloggers, writers and  authors over at my Tax Prep Helps page. You’ll find A collection of short articles on keeping good records Links to a few short videos on...

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Tax software can lie to you (if you’re not careful!)

  An author at a writers conference told me, “The IRS stopped the home office deduction.” I knew that wasn’t true, but she insisted that her tax software did not include a deduction for her home...

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I write as a hobby. Do I need to worry about taxes?

I write as a hobby. Do I need to worry about taxes? I make a little income in some years. Is my hobby income taxable? Yes, your hobby income is 100% taxable. Any income you make from writing,...

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How to Start a Publishing Business webinar

  As a writer, you may be wondering how to form a publishing company, or if it is even needed. Join me, Carol Topp, CPA, for a webinar to discuss the steps to from a publishing company, the common and...

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How You (or Your Child) Can Become a Published Author

It is easier than ever to become a published author. Even a child or a teenager can be published! In this episode of the Dollars and Sense podcast, host Carol Topp is joined by teen author Rachel...

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