Tip #27
Taxes.
Everyone has an IRS form to fill out in April and submit it.
That means SAVE all your receipts from anything and everything to do with your writing, speaking, convention, webinar
career. Make sure they’re dated. Make sure you’ve circled the amount without the tax and tip included. Get yourself an
accountant. If you can’t afford one, buy an online-in the cloud accounting software. Start with your oldest and work your
way to the present. You must find out what you can deduct and what you can’t. Read up on mileage. Read up on what’s
allowable by the terms of FREE LANCING, INDEPENDENT WRITER, INDEPENDENT SPEAKER, INDEPENDENT WHATEVER, and
get it taken care of BEFORE it’s due April 15.
Make sure you start collecting your year’s receipts NOW instead of later.
Too many tragedies occur when an Independent ? doesn’t file their taxes.
Remember those royalties you’ve earned on those books? speaker engagements? coaching? advising? products?
You’ve got to pay taxes on them.
Find out what the legal limit is that you can earn before you must pay taxes.
An important tip.
Don’t forget.
Everyone pays taxes — including you!
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Until next time.. .
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