Too many writers concentrate only on their writing and fail to gain an understanding of the “business” of writing. Does that mean you need a college degree in publishing and economics? Of course not. But the savvy writer has a good understanding of the business of publishing and a firm grasp on the personal finance side of being a writer – particularly when it comes to items such as filing a tax return.
Failure to educate yourself on the business of writing can lead to unreasonable expectations, cash flow problems and a host of nightmares courtesy of the Internal Revenue Service. The savvy writer is interested in forming a career, not merely selling a book, and hopefully these articles will help you some to that end. This Business section of the site is divided into two areas: Tax and Everything Else.
Whether you are a new writer or a seasoned professional, taxation can be one of the most worrisome aspects of being self-employed. If you need information on how to file a tax return as a writer, what items you can deduct on your tax return and how to pay taxes as a self-employed writer, this area will answer your questions.
Confused about making estimated quarterly tax payments? Check out this series of articles and forms that walks you through the process, step by step:
If you want to know things like how much money writers make, how to market your book and how the publishing industry works, then check out this area:
My recommended business tools:
Photoshop Elements for banner graphic design:
Adobe Photoshop Elements 9 (Win/Mac)