Tax Tip Tuesday: Common Direct Expenses for Writers

Writers work in all different genres and write for a variety of media outlets.  Some of us are business writers, others create romance novels and many write articles for magazines or copy for web sites.  Putting words into print is our profession, but dealing with the financial aspects of our writing business can be challenging. [...]

Tax Tip Tuesday: Bookkeeping & Record Keeping for Writers

Bookkeeping is an essential part of the business of writing and includes storage of receipts, invoices, statements as well as all the required documents to substantiate both income and expenses. Record Keeping Options for Writers To justify expenses, it is important to establish a system of record keeping that works for you. Some things need [...]

Keeping Track of Business Expenses

Bookkeeping is an essential part of the business of writing, especially identifying and tracking expenses. Business expenses are considered an operating cost.  The more legitimate business expenses that we can document, the lower our tax payments will be. Ordinary and Necessary Expenses for Writers: The Internal Revenue Service (IRS) requires that our writing expenses be [...]

The Financial Side of Writing

Writers work in all different genres and write for a variety of media outlets.  Some of us are business writers, others create romance novels and many write articles for magazines or copy for web sites.  Putting words into print is our profession, but dealing with the financial aspects of our writing business can be challenging. [...]

Organizing Your Writing Business for Tax Season

Writers work in all different genres and write for a variety of media outlets. Some of us are business writers, others create romance novels and many write articles for magazines or copy for web sites. Putting words into print is our profession, but dealing with the financial aspects of our writing business can be challenging. [...]

Taxes and Writers

Do I need to file taxes as a writer? The simple answer is it depends. Here are a few considerations in deciding whether or not to put your writing on your tax return. Did you receive any income? Many people think you need a certain amount of income to have to file, however, this is [...]