I know, the dreaded TAX word. As an Accountant, this is the time to gear up for the new season that is coming in only two weeks. 2020 was a crazy tax season with extended deadlines, call meetings and lots of questions. Let’s hope 2021 goes smoother.
But, as a author, there are many things to think about. If you’ve earned royalties, then you’ll need to file that. I do have some light at the end of that tunnel though, expenses…
Here are some of the expenses that an author can claim:
Writing Programs
Educational courses to help with writing
Office supplies – pens, paper, ink, notebooks, etc.
Subscriptions to writing sites or programs
Fees for book signings (Hopefully you were able to get some in before things changed)
Advertising
Computers (Remember to delegate the percentage you use it for writing.)
That’s just a small list. But, hopefully you did great this year and need to claim some expenses.
Stephanie Hurt lives in Georgia with her husband Tommy and their son Hunter, along with two dogs, Daisy and Jake. When Stephanie is not lost in one of the worlds that she creates, she's an accountant and children's minister. She has been writing the stories that fill her mind since she was a teenager. The moment a story comes into her mind, she's mesmerized and soon she's diving into the story with a cup of hot green tea and a notebook. Before long, the story has bones and is ready for the laptop. She happily types away in the early morning and at night. You can always find her with a notebook full of stories that have yet to come to life. Follow her journey in each of her over 40 published works!
Stephanie Payne Hurt loves to hear from fans and hopes that she's helped them go to another world for at least a while!
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