You Can Only Handle So Much
As authors, we just want to focus on our craft, which is overwhelming in itself.
Then we're told we need to build our platform. If we don't, we won't sell any books.
Fine, we'll just double up and focus on both. But no more!
Until tax time (which is right now).
What's the first thing you shouldn't do?
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Don't Do this
Regardless of where you're at in the writing process, the first thing you shouldn't do is make assumptions about the business aspects of your writing pursuits.
Assume wrongly, and you could miss out on valuable tax deductions.
Or worse, you could write off an unallowable tax deduction--and the IRS penalizes you, to the tune of thousands of dollars.
If you're (cheap) like me, you don't want to pay a tax accountant ungodly sums of money to get your questions answered.
That's why you need to attend tonight's free webinar, hosted by Illumify Media.
Basic Business & Tax Planning for Authors
with Josh Taylor
6:30-7:30 pm MST
Thursday, March 24
Click here to register.
Josh Taylor is the author of the Illumify release, Answered Prayers. A Certified Financial Planner and Certified Life Underwriter, he is the owner and president of Kompass Financial Advisors.
During our time together, he'll answer questions like:
- What can I write off as a business expense?
- What are my options for a home office?
- What's the best way to track my income?
- Should I separate my personal and book income?
- What is the best business structure for me?
- Do I need to file a trade name?
- Should I charge tax when I sell books?
You cannot afford to assume you know the answers to these questions. Uncle Sam won't be understanding and forgiving if he comes a-callin'.
Click here to register.
This free webinar is hosted by Illumify Media. Feel free to forward this email to other friends who might be interested.
At Illumify, we offer our authors exclusive webinars like we're doing tonight. Previous trainings have included:
- "IngramSpark Explained" with Jen Clark
- "Book Promotion Basics" with Lisa Hawker
- "Mastering Your Amazon Author Page" with Karen Bouchard
- "How to Get Your Book into Bookstores" with Larry Yoder
No other publishing company equips their authors with practical tools like Illumify.
Click here to schedule a free consultation with me so you don't miss out on any future possibilities.
Let’s bring your book to life!