Though the professions of author and accountant couldn't be more different in their main functions, 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 taxation.
Oh, the horrors of it, right? But never fear!
Getting a handle on important basics is really not all that daunting. Allow this author and former CPA to help you get serious about your business by learning the major "must-knows" of Bean Counting for Authors and Creative Business Owners.
In this book, you'll gain insight on how to:
*Determine if your endeavor is a Business or Hobby
*Choose and implement an Entity Structure for your Business
*Set up and Keep Books properly
*Set up and manage Sales and Use Tax when and where required
*Understand the different Business Taxes
*Recognize, track, and budget for Common Expenses
*Recognize, track, and budget for Complex Expenses
*Become clear about Employees versus Independent Contractors, and handle each accordingly
*Plan and save for Retirement
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 writers to keep on doing what they do love most--CREATING BOOKS! And understanding some important must-knows of financial matters is a big step toward making that happen.
|File size:||6 MB|
About the Author
Christina Mercer is an award-winning author of fiction for children and young adults. Honored titles include Tween/YA Fantasy ARROW OF THE MIST and its sequel ARMS OF ANU, and YA Paranormal Romance HONEY QUEEN. She is also a once-upon-a-time CPA and the author of BEAN COUNTING FOR AUTHORS. Christina enjoys life in the foothills of Northern California with her husband and sons, a pack of large dogs, and about 100,000 honeybees. To learn more about her and her writing, visit www.christinamercer.com