Today I'm going to discuss everyone's favorite subject-math! Actually, the subject is book keeping. Writers don't make tons of money, at least few make enough to hire an accountant. We are faced every year with trying to organize our finances into a neat little package--many do not even know where to start. Today's featured book will help you feel like an accounting pro.
Bookkeeping Basics for Freelance Writers addresses issues writers face daily such as how to deduct travel expenses, determine taxable writing income, and claim home office deductions. Navigating through the recordkeeping required for a small business owner can be difficult. This book is written exclusively for those of us who earn money by writing. It includes useful information to help interpret the complexities of our federal tax code and proven techniques to reduce taxable income.
Throughout the book we have included tips from both new and seasoned writers. In the Tips for Success feature writers share the wisdom they have acquired over time. In the Writer’s Block feature you will discover specific questions writers have submitted which, when answered, help clarify points made about that topic.You will also find that each part of this book works together to assist you in forming your overall business plan. Each chapter steps through a comprehensive plan that works as a building block towards a successful writing business.
Bookkeeping Basics for Freelance Writers was written by Brigitte A. Thompson, the founder and President of Datamaster Accounting Services, LLC in Vermont. She has been active in the field of accounting since 1986 and is a member of the American Institute of Professional Bookkeepers and the Vermont Tax Practitioners Association. She is the author of several finance books for business owners, contributing author to two business books, and a freelance writer whose articles have appeared nationally in print and online publications,
This book includes all the forms you will ever need to stay financially organized in your freelance business. It tells you how to use each one, when to use it, etc... Tomorrow, I will be talking with Brigitte about Bookkeeping Basics for Freelance Writers. Please stop back!