Tax Help for Writers

Writers: Prepare Your Taxes Properly

NAIWE’s CPA in residence, Carol Topp, is offering a free webinar Thursday, January 19, 2017. Carol claims she can explain federal income tax in clear English. Come hear her try!
Get the link to the webinar on Carol’s Facebook page

  • Tax deductions
  • Special tax rules for authors and publishers
  • Record keeping tips

This webinar is loaded with examples to make your writing business less taxing.

Here’s the announcement for “Writers: Prepare Your Taxes Properly.”

Join me for a free webinar for writers on Prepare Your Taxes Properly.

Thursday Jan 19, 

6 pm ET. http://tinyurl.com/j9tm8ks

This webinar will be recorded and a link to the recording will be sent to all who register. 

Introducing April Michelle Davis, NAIWE Social Media Marketing Expert

April Michelle Davis, NAIWE Social Media Marketing ExpertApril Michelle Davis is the founder of Editorial Inspirations. April Michelle draws on social media as a promotional avenue for her editorial services, as well as her classes and speaking engagements. She uses Facebook, LinkedIn, Twitter, and other forms of social media as touch points with potential clients. Because of April Michelle’s success in reaching the social media market, her book, A Guide for the Freelance Indexer, was initially promoted solely online.

April Michelle provides exceptional editing, indexing, and proofreading services to both publishers and authors. Each task is approached with a greater understanding of the various aspects of the publishing process. The intent of the author and the publisher is always kept in mind—from the first word to well beyond the end.

Based out of Richmond, Virginia, April Michelle hosts in-person and correspondence courses for editing and indexing. Google “april michelle davis” and you will find that most every result on the first page is about her, or Google “editor indexer” and the first result is April Michelle.

Sign up for April Michelle’s course, Editing 101, at www.editorialinspirations.com/services/classes to learn how to use social media to your benefit. You can learn more about April Michelle at her NAIWE site, AprilMichelleDavis.NAIWE.com.

June Member of the Month: April Michelle Davis

April Michelle Davis of Editorial InspirationsOur Member of the Month for June is April Michelle Davis of Editorial Inspirations. April has recently celebrated her tenth year of editorial freelancing. She has a strategic approach to her career that any freelancer would benefit from studying. She shares many tips in this interview, and even more in the audio version that aired on The Freelance Life. Here’s the recording:

Q: Please share a little of your professional history with our readers.

I have been a freelance editor, indexer, and proofreader for 10 years. I have a master’s degree in publishing from The George Washington University, a bachelor’s degree in English from Messiah College, a certificate in editing and a certificate in book publishing from the University of Virginia, and a certificate in professional editing from EEI Communications. My clients are both authors and publishers, and I work in a variety of genres.

Q: How and when did you make this business a reality?

I officially began my business in May 2001, but at that time I had little experience. I was literally working on books for food. I would edit books for authors, and they would buy me breakfast while we discussed ways to improve their manuscripts. From that, I worked in-house for a few years while obtaining my certificates and then my master’s degree. And at the same time, I worked to build my freelance business. In 2007, I had enough clients to quit my day job and freelance full time, and that is what I have been doing since.

Q: What’s the most important lesson you’ve learned so far in your career?

To be successful at freelancing, I have had to learn to be very determined. I am a stubborn person, so this does come easier for me, but sometimes I just get tired and want to give up. However, after an hour of feeling that—not even an entire evening—I know that I can’t. I love what I do, and it is my passion.

When I teach high school students, I ask them what they love to do. After they respond, I ask them how they can do what they love and make money. I have always loved books, and I have found a way doing what I love while supporting my family. That is key to not having just a job. Editing, indexing, and proofreading is not a job or even a career for me—it is my life. I live and breathe it.

Q: Are you working on any special projects you’d like to tell us about?

I just finished up a year-long project revising a volume of ten books. During this past year, I edited the books, made corrections in InDesign, corrected any layout errors, input proofreader changes, indexed the books, laid out the indexes, and wrote and laid out a compilation index. This volume is in its seventh edition, and I worked on a few of the older editions as well, so it has been great seeing this volume progress through the years.

I have also begun teaching a lot more. I host Editing 101 and Editing 102 classes, which are specialized classes designed for those who are in the editing industry (or who want to become freelance editors). Editors who have been in the field for more than twenty years have told me that they are great refresher courses, and people thinking about entering the publishing industry have been able to make educated decisions about their future. More details about these classes are on my website: www.editorialinpspirations.com/services/classes.

Q: What are some of the teachers, books, or authors who have influenced your professional life in a positive way?

Barbara Hart was my first editing teacher at the University of Virginia. She was very tough, and it was tougher for me because most of the students in my class were seasoned people in the publishing field, whereas I was just getting into it. I learned a lot from her, and I still have all of my class materials that I periodically review.

Q: As a seasoned professional, what advice would you offer an independent writer or editor who is just beginning a career?

People don’t always want to be mentors, and even when people find mentors they don’t always know what to do with them. However, I found it greatly valuable to take many classes both related to my degrees and certificates and other classes not related to them. From those classes, I did more than just learn the content. I critiqued the professors. I examined their qualities to see if I wanted to pick up any of them. I examined the way they edited, managed their business, or marketed, and I decided whether I wanted that to become something that I do. Therefore, I recommend finding mentors in everyone—even those people who don’t want to be your mentor.

Also, the publishing industry is incredibly difficult to enter. You need to stay determined. You will fail multiple times; learn from these failures and continue your efforts.

Q: What inspires you?

I love when authors and publishers send me packages. I still get excited to see a package at my front door step. I grab it as soon as I see it and run to the kitchen to grab the razor blade. I have to open it right away. And there, sitting in that brown cardboard box is a beautiful, shiny, new book that I helped to create. In the foyer of my home, immediately outside my office, I have a bookshelf that everyone must pass when entering my home. This bookshelf is only for books that I have worked on. I don’t brag about them and show them to everyone, but if someone asks about those books, I light up and begin showing them my work. If someone asks what I have worked on, I take them to my special bookcase.

Q: How has your membership in NAIWE benefited you professionally?

I have been a member only since the beginning of the year, so this is a difficult question to answer. However, I do have Google analytics on my website, and in those six months that I have been a member, several people have gone to my website from my NAIWE web page. I think that’s pretty good considering that I am still working on my NAIWE blog to get more content up on it. Also, when I Google my name, my NAIWE web page is listed six, bumping another April Davis to the second page and making a Google search for “April Michelle Davis” include on the first page nine of ten web pages about me.

Q: Is there anything else you’d like to share?

Whether you are new to the publishing industry or have been in it for years, you can always learn new things and can grow professionally. Remember to stay current with the industry by taking classes and networking. With the publishing industry changing so rapidly with technology, those who don’t will be left behind.

April’s member website is AprilMichelleDavis.NAIWE.com.

Taxes and the Freelance Writer or Editor

Congress was busy with tax changes in 2010. Do any affect you as a writer?

Carol Topp, CPA: Taxes and the Freelance Writer or Editor

Carol Topp, CPA

Author and NAIWE’s tax expert Carol Topp, CPA will discuss the important tax legislation that Congress passed in 2010 and how it affects writers and other freelancers.

This members-only program will air on February 2, 2010 at 3:30 EST

She will cover:

  • Important tax changes from several new bills that passed Congress in 2010 including “ObamaCare,” the small business bills and the extension of the Bush tax credits.
  • All employees and self employed freelancers get a 2% raise in 2011. Carol will explain how.
  • A new 1099MISC reporting requirement that affects freelancers.
  • What tax breaks exist for writers.
  • Tips to make taxes and record keeping simpler.

Carol Topp, CPA makes unclear topics clear as she shares her tax and business knowledge with writers, authors and micro business owners. Her website is CarolToppCPA.com or http://caroltopp.naiwe.com/ and her upcoming book is Information in a Nutshell: Business Tips and Taxes for Writers.

Members will find call-in information for the classes in the member area of the NAIWE.com website. You’ll find it by logging in on any page of the site, then going to the Library link, then to the Expert Teleclasses link. NAIWE teleclasses are totally free for members ($27 each for non-members).
If you’re not a member and you’d like to join in time for the teleclass, you may click on this “Join NAIWE” link to do so. If you would like to register for the teleclass only, you may do so by visiting the Teleclass page. We hope you’ll join us!

The Seven Things Every Author MUST Understand About Publishing

Call in an listen to The Freelance Life!NAIWE Publishing Expert Jerry D. Simmons will be on The Freelance Life online radio show this coming Wednesday. His topic will be:

“The Seven Things Every Author MUST Understand About Publishing”

Recording of Part 1 of this interview:

They include:

(1)              It’s a business,

(2)              Two distinct parts to becoming a successful author,

(3)              Become a student of the marketplace,

(4)              Good story trumps great writing,

[6/2/2010 Note: We didn’t get through all the questions, but we’ll finish on Wednesday, August 4, at 3:30 p.m. EDT.]

(5)              It’s easy to get published, difficult to sell books,

(6)              Perception is critical, every author has choices, and

(7)              There are no guarantees, ever.

Here’s the recording of Part 2 of this interview:

There will be an opportunity for questions and answers at the end of the program. We hope you can join us!

  • The Freelance Life
  • Wednesday, August 4, 2010
  • 3:30 p.m. EDT
  • Phone Number: (724) 444-7444
  • Call ID: 38165

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Write Non-Fiction Proposals that Grab an Editor: Learn How with Mary DeMuth

If you want to have your non-fiction book published, you need to know how to effectively construct a book proposal. You can learn bits and pieces from many sources, but the very best place to learn is from someone who has successfully crafted a wide variety of non-fiction and fiction proposals.

Mary DeMuth, NAIWE Expert NAIWE Expert Mary DeMuth is the author of several novels, three books on parenting, a recently published memoir, and countless articles. She mentors budding writers through The Writing Spa, and has written two tutorials, Nonfiction Book Proposals that Grab an Editor or Agent by the Throat (in a good way!) and Write a Powerful Fiction Proposal. These two resources are full of practical advice and annotated samples of proposals that worked.

Nonfiction Book Proposals that Grab an Editor or Agent by the Throat (in a good way!)

Wednesday, May 19, at 3:30 p.m. EST

In this teleclass, you’ll learn:

  1. How to identify and articulate your passion before you write the book
  2. What belongs in The Introduction and About the Book sections
  3. Where to find information for About the Market
  4. What to put in the Comparative Analysis section
  5. How to construct a realistic Marketing Plan
  6. What to say in the About the Author section
  7. How to shape a convincing Conclusion
  8. What to include in Chapter Outlines
  9. What you need to know about the first three chapters that most publishers request

Life in Defiance by Mary DeMuthMary’s latest book is Life in Defiance, the final book in the Defiance, Texas trilogy. You can read more about it at Mary’s online bookstore, where you can purchase the proposal tutorials and signed copies of her books. You’ll also find her books (but not the tutorials) at Amazon.com and other bookstores.

Members will receive call-in information for the class via a member mailing. Be sure that you’ve whitelisted *@naiwe.com and *@naiwemail.com (an asterisk, followed by @naiwe.com and @naiwemail.com) in your e-mail program so that you receive the message.

If you’re not a member and you’d like to join in time for this teleclass, you may click on this “Join NAIWE” link to do so.

If you would like to register for this single teleclass only, you may do so for $27 by visiting the Teleclass page.

Words Matter: Understanding the IRS, Your Tax Return and Your Accountant

Carol Topp, CPA

Carol Topp, CPA

In honor of Words Matter Week, NAIWE’s resident Tax Information Expert, Carol Topp, CPA, will be chatting with us on The Freelance Life. We’ll talk a bit about why words matter in financial areas, and Carol will talk about what writers and editors need to know about the IRS, tax returns, and accounting. Remember, access to Carol for tax information question is one the NAIWE benefits, and this is a great time to get acquainted with her and even ask a few questions if you would like. I hope you’ll join us!

Date: Tuesday, March 2, 2010

Time: 3:30 pm EST

Listen online: http://www.talkshoe.com/tc/38165 (You can listen live or listen later.)

Listen on the phone (and ask questions, if you like): Phone Number: (724) 444-7444 Call ID: 38165

Understanding the IRS

Does the IRS consider my writing a hobby or a profession?
Net Income. Why don’t they just call  it profit?
EIN, SSN, PIN: What’s with all the acronyms?

Understanding Your Tax Return

Deduction or Credit? What’s the difference?
Tax loopholes. Anything special for writers?

Understanding Your Accountant

LLC, S Corp, C Corp: What’s the difference? What’s best for me?
How to interview a CPA