Saturday, February 27, 2010

tax time...

Yikes--had to open a business banking account in 2009, so said the agent for Lambert Academic Publishing, as part of the contract last summer even though they only send $$$ once a year! (And mine certainly will not sell much at that ridiculous $113.00 price!!!) Anyhoo, as Patricia Canterbury (EVERY THURSDAY) of Sisters in Crime would say, now my tax guy wants to go over my numbers and reminded me that I needed to have kept the writing business items separate! Yikes, had to go back last night and try to find those few things, like $200 for a novel workshop last summer in Moke Hill, and a few other things.

Guess I need to keep better track now of the costs and income (!), because the IRS wants you to show a profit two years out of five in order for you to be a legit "enterprise"!!!!

And yes, wrote again a couple hours on the polishing--writing a new outline along side the text of the whole novel to firm up for the LAST TIME! the flow of the novel...

onward...

5 comments:

  1. We have a small business and the size of the taxes don't seem to coincide with the size of the business.

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  2. The last go through! That's got to feel good. I have an editor going through TK II and it won't be the last. But I'm getting excited because the book is almost done.

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  3. Can't wait to send House of Cuts to my editor--nearly ready. I'm so excited for you, John, to be so far along the road, and appreciate your support here for me.

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  4. Oh, the business is small and the taxes are BIG! :-D

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