Happy Thursday, everyone! It's a radio show day. *grin* Join me on A Daily Cup of Jo at 11AM EST!
Here's what I'm talking about today:
Author Jo Michaels discusses earnings of Indie authors and those
published with a small press as well as those published with one of the
big five.
If you've ever wondered why you should go Indie,
this radio show gives you one reason: author payouts. If you take
marketing and all the other jazz out of publishing, and just focus on
the earnings numbers, it might give you some insight into just how many
books you have to sell in order to make a certain amount of money.
I'll be breaking it down for you. Be sure you have pen and paper handy. This is going to be fun!
Our
base numbers will be $4.99 for the ebook against earnings of $5k. I
will NOT be factoring in KU pages read numbers or earnings.
Book mentioned on the show can be found here: Bean Counting for Authors: Helping Writers and Creative Business Owners Grasp Accounting and Taxes by Christina Mercer
I do hope you all check it out! Listen closely, and have a pen nearby.
What do you think? Did you know all this? Does it change anything for you?
Well, that's all for today, folks! Until next time, WRITE ON!
Jo
A blog dedicated to the education and support of Indie authors.
Also striving to providing great book recommendations and reviews for readers.
Links and Books by Jo Michaels
Showing posts with label tax guide for self published authors. Show all posts
Showing posts with label tax guide for self published authors. Show all posts
Thursday, July 21, 2016
Author Earnings - Indie, Indie Press, and Big 5
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!
Description:
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.
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!
Description:
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!
NOW AVAILABLE!!
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!
Jo
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