FEAR ACCOUNTING?
Though the professions of author and accountant couldn’t be more different in their main functions, authors come closer to becoming mini-accountants than they realize. Why? Because once anyone becomes an official business owner, he/she crosses into the realm of accounting and taxation.
Oh, the horrors of it, right? Never fear!
Getting a handle on important basics is really not all that daunting. Allow this author and once-upon-a-time CPA to help you get serious about your business by learning the major “must-knows” of Bean Counting for Authors and other creative business owners.
In the book, you’ll gain insight on how to: ***(see below for update notice)
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Determine if your endeavor is a Business or Hobby
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Choose and implement an Entity Structure for your Business
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Set up and Keep Books properly
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Set up and manage Sales and Use Tax when and where required
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Understand the different Business Taxes
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Recognize, track, and budget for Common Expenses
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Recognize, track, and budget for Complex Expenses
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Become clear about Employees versus Independent Contractors, and handle each accordingly
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Plan and save for Retirement
