Big Box Blues

In my travels I have come across many perfectly delightful old fashioned hardware stores; you know – wooden floors that creak when you walk across them, narrow aisles, with tall shelves, each just packed with all manner of hardware treasures, and a cavern-like back room where only the staff may go to ferret out something […]

This Business of Writing: Direct Expenses

Today, Dear Reader, we conclude the series on the business of writing and welcome back Brigitte A. Thompson as she shares her professional advice as an accountant and author. Bookkeeping is an essential part of the business of writing. Determining what you can claim as a business expense and how to substantiate those deductions require […]

Tax Tip: Automobile Expenses for Writers

We welcome back accounting professional and author, Brigitte A. Thompson as she continues her helpful advice to writers with a tax tip. Automobile Expenses for Writers Driving to the local office store to purchase writing supplies can generate a tax deduction with proper documentation. This is what you need to know. The miles that you […]

This Business of Writing: Recordkeeping

Today, Dear Reader, we continue the series on the business of writing and welcome back Brigitte A. Thompson as she shares her professional advice as an accountant and author. 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 […]

This Business of Writing: Ordinary and Necessary Expenses

Today, Dear Reader, we continue the series on the business of writing and welcome back Brigitte A. Thompson as she shares her professional advice as an accountant and author. 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 […]

Tax Tips for Writers: Business Meals

We welcome back accounting professional and author, Brigitte A. Thompson as she continues her helpful advice to writers. Writers may choose to meet with their agents over lunch or they might arrange to meet a subject to interview at a local bagel shop. The cost of the meal can be a tax deduction with proper […]

This Business of Writing: Accounting Methods

Today, Dear Reader, we continue the series on the business of writing and welcome back Brigitte A. Thompson as she shares her professional advice as an accountant and author. A business can be operated under one of three methods of accounting; cash, accrual, or hybrid. The IRS will be automatically informed of your choice when […]