Monday, April 13, 2015

APRIL 15 ...IS IT THAT TIME ALREADY

Well on Wednesday either you are going to be sighing with relief or scrambling to find receipts.

Which one will you be doing as a writer? Did you keep those receipts for all of the events you paid for in the past year? Did you log in mileage and if you paid with a credit card, did you keep those records. Did you purchase a new computer for your writing? What about supplies? What about that website that you paid someone to develop and put together for you?

Yes, all of those things need to be written off. What? You didn't know that? Well you are a small business you know.

Being a writer also means you are a business owner. Yep; you, the writer...reading this...is a business owner. in fact you are a small business owner. 

If you didn't know that; than you didn't do all of your research. So Wednesday is right around the corner and if you didn't keep all of the receipts not to worry, there is always next year.

Here are a few tips to help you along the way.

1. Get a small notebook that you keep in your car. Log in your miles every time you go to an event. From start to finish.

2. Ask for receipts. Especially for gas, food and lodging whenever you go to a book event. 

3. Pay for events with a debit card and print off that receipt to keep for taxes.

4. Create a spreadsheet in Excel for easy tracking

I hope that helps in a small way. So, off I go to get all of my tax information to my tax guy. Hopefully I get a little something back or at the very least; don't owe any taxes. That's always a good day.

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