Authorship 101: The Beginner's Guide to Managing Your Author BusinessAdd to calendar
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Presented by Ashley Guion and Jasmine Wallace
Are you feeling overwhelmed by the complexities of launching your author career? Do you find yourself lost in a sea of conflicting advice from various sources? Do you want to arrange a meeting with a CPA but don't even know what you need to ask them to get the most out of your billable conversation?
Unlock the roadmap to entrepreneurial success in the literary world. From a quick breakdown of tax structures to simplifying bookkeeping essentials, we'll set you on the "write" path. :-)
Discover the key distinctions between hobby and self-employment income, and gain clarity on whether you need an Employer Identification Number (EIN). Delve into fundamental tax concepts like income and estimated taxes, issuing 1099s, and other surprise requirements, empowering you to make informed decisions with confidence because, in the eyes of the government, ignorance is no excuse.
Understand the implications of self-employment taxes for you and your family's financial landscape, along with basic knowledge of sales tax obligations as a business owner.
With expert information and practical wisdom, you'll establish a rock-solid foundation for your author journey. Bid farewell to confusion and overwhelm, and embark on the path to a thriving and sustainable author business.
Ashley Guion is a seasoned Certified Public Accountant with a Master's degree in accounting. With extensive experience in public accounting, she specialized in supporting small business owners in the US with tax preparation, planning, and expert bookkeeping assistance, including QuickBooks Online setup. Prioritizing family time, Ashley transitioned from public accounting to be with her two young boys while pursuing an unexpected passion for writing. Recognizing a lack of accounting resources for authors, Ashley decided to utilize her expertise to support fellow writers. Now, between diaper changes and bedtime stories, Ashley's committed to making financial literacy a breeze for authors.
Jasmine Wallace is a fantasy romance author, writing about besotted men and powerful women. Growing up in Australia, she now lives in Wales with her husband and daughter with their wolfish-lurcher. When she's not writing, she works as a solicitor advising private clients on tax matters and estate planning.
Special links:
Free year-end tax prep checklist for US authors: https://dl.bookfunnel.com/rpw69b1ei4
Website: https://novelnumbers.wordpress.com/
Facebook: https://www.facebook.com/NovelNumbers
Teachable content: https://novelnumbers.teachable.com/
Author's business and tax handbook: https://www.amazon.com/gp/product/1956865527?maas=maas_adg_D3E4582D08A533D93FB5EBDF2A9DD3EF_afap_abs&ref_=aa_maas&tag=maas (US-based)
Paper income and expense tracking journal: https://amzn.to/442u7MI
Learn more about Jasmine Wallace: https://jasminewallace.co.uk/