Tuesday, February 23, 2016

Bean Counting for Authors - Helping Writers and Creative Business Owners Grasp Accounting and Taxes

Happy Tuesday, everyone! Today, I have an awesome takeover post by the lovely Christina Mercer. YOU WANT TO READ THIS! Get it here on Amazon.

Here's an extra tidbit! If you're coming to Utopia con this year, Christina will be discussing this very topic in a panel! Title: The War Chest. Date: Thursday, June 23, 2016. Time: 3PM CST. See it on the sched app here!

For those who want to make a living as an author, it’s imperative to know the accounting side of the career path you’ve chosen. You gotta keep track of it all – the cost of swag, the travel, the conferences, the paperbacks, the promotions and advertising, and on and on.

This session will help keep you sane and your budget balanced (hopefully). Get tips from accountants and authors on how to keep track and manage your money, reveal the goods on what you can write off come tax time, and how to report it to Uncle Sam without losing an arm and a leg.

If you're not planning to attend the conference, change your mind now. There are tons of great panels, just like this one, for you to learn from! Get your tickets HERE.

Authoring books is amazingly fun and creative and never, EVER dull. . . However, along with all that imaginative wonderment, Authors come closer to becoming mini-accountants than they realize. Why? Because once anyone becomes an official business owner, he/she crosses into the realm of accounting and taxes.  

Oh, the horrors of it, right? But never fear! 

When Authors Mean Business, they have propelled themselves from merely writing for “fun” to reaping well-earned monetary rewards. AND THAT IS A GOOD THING, RIGHT? Authors are not only wand-waving story weavers, but also real-world professionals running businesses that earn money. And, yes, along with that comes accounting and taxes. If that causes some of you Authors out there to squirm, just remind yourselves that it’s a sign of monetary success if your books are earning ENOUGH profits to generate said taxes. And you don’t have to figure it all out on your own!

In order to help fellow creatives with all of this business and accounting stuff, I offer a handy little guide with some important must-knows of accounting, taxation, budgeting, and planning for the future. Learn the differences between a hobby and a business; get a handle on different business structures; learn about proper bookkeeping, sales tax, common and complex tax deductions, retirement options and more! 


Counting each and every “Bean” earned may not be the idea of fun and adventure for most, but having lots of beans in the bank is a pretty great way for Authors to keep on doing what they do love most—WRITING BOOKS! And understanding some important business and financial basics is a big step toward making that happen.

Once-upon-a-time, Christina Mercer worked as a CPA. Though she retired that formal hat, you can still find numbers buzzing around her head. She is also an award-winning author of fiction for children and young adults. She currently resides in Northern California enjoying life with her husband, sons, pack of large dogs, and about 100,000 honeybees.

What do you think? Plan to check it out?

Well, that's all for today, folks! Until next time, WRITE ON!


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