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Get a jump on your taxes: Editor's Notes #249 December 15, 2017 |
| Hello, a good kick in the pants will take you a long way. —Baltasar Gracian In this issue: 1. Get a jump on your taxes 2. Tickled my funny bone 3. Interesting Web site 4. Writing prompt 5. Asking your input 1. Get a jump on your taxes I know, I know. Christmas isn’t even over yet, and I’m bringing up taxes. But this is a great time to let your mind wander over to the tax part of your life as a writer. First, in many jurisdictions, you do not need any income from writing to claim business deductions related to writing. Check the tax department in your country to find out how much you can claim before seeing the fruits of your labor. You need your receipts, so if you have been collecting yours all year, all you have to do is sort through them. If you haven’t been in the habit of holding onto receipts, start today. This is a great time to get yourself set up for the new year. Here are a few items to consider including in your business expenses as a writer:
Consider investing in at least one conversation with a qualified accountant. The fee for that is also deductible. The sooner you do this, the better. Plan what to do with the money you save on taxes. =========== 2.Tickled my funnybone Broken pencils are pointless. =========== 3. Interesting Web site If you need some advice about what to do with a tax refund, (or any other money) consider what The Motley Food advises. https://www.fool.com/taxes/2017/04/14/should-you-spend-or-save-your-tax-refund.aspx =========== 4. Writing prompt Write a confidential letter to yourself about what you will do with your tax refund. Put it in a safe place and write yourself a note (digital or on a hard copy calendar) to dig it out again at tax time. =========== 5. Asking your input I’m thinking about changing the schedule for Editor’s Notes, and I’d love your input. More information and a survey form are available at the bottom of the sign-up page for Editor’s Notes. You are already signed up, so just scroll to the bottom of the page for the survey. The form will disappear at midnight December 30, 2017. https://www.writershelper.com/newsletter.html =========== Join Writer's Helper Facebook page at https://www.facebook.com/WritersHelperEditor Follow me on Twitter @AudreytheEditor Link on LinkedIn https://ca.linkedin.com/in/audreyowen (Email me first so I know how you know me.) =========== If you know a writer who would appreciate receiving Editor's Notes, forward this issue. If someone has passed this on to you, you can get your own free subscription by signing up at https://www.writershelper.com/newsletter.html |
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