Blogging about my books, the writing process, mindset, and anything else I feel like sharing.
It depends!
I know that’s probably not the answer you were hoping for, but like most things when it comes to taxes, the answer to the question, “Do I need an accountant?” isn’t a simple one.
Because most people hire an accountant to do their taxes, let’s look at taxes first. Taxes can be grouped into two broad categories: personal and business.
Read MoreIs your writing hobby actually a business? And does it really matter? Absolutely! Especially if you want to save a bit of tax while you’re getting your business up and running.
So you’ve been earning a bit here and there with your self-published books or maybe bloggers have been paying you to write posts for them, but when you look at the money you’ve spent to publish those books or the tools you’ve paid for to run your freelance writing business, you realize you haven’t broken even, so you decide not to include your writing “business” on your taxes.
Read MoreIt’s that time of year when “accountants near me” is quite a popular Google search. But Google or the yellow pages aren’t always the best way to find the right accountant.
Before scheduling an accounting consult you want to make sure you know the right questions to ask an accountant or tax preparer.
Knowing what you want to accomplish by hiring an accountant can help you find the right person for the job. Some common goals of small business owners include increasing revenue, decreasing expenses, staying organized, paying as little tax as possible, and making sure all required tax returns are filed on time to avoid penalties and interest.
Read MoreIn my almost twenty years in the public accounting industry, there were a few questions I got asked almost every day: How can I avoid paying tax? How can I pay less tax? Why do I owe so much? Tax avoidance is illegal, and thank goodness, because there are a lot of essential government services taxpayer dollars pay for. The good news is, there are ways you can reduce your tax bill. For now, I’m going to focus on small business owners and the top three mistakes they can avoid to save tax.
Read MoreLike many questions to do with taxes, the answer depends on a number of things. I’m going to assume that if you’re asking this question, you’ve never worked with an accountant before. So, what does your accountant need to do your taxes? The information your accountant requires falls into two categories: general information all taxpayers are required to provide to their accountants and information specific to your unique tax situation.
Read MoreHi, I'm Michelle! Writing is a passion of mine. I love to entertain and educate through my writing. I started out writing about business and money and have moved on to thrillers and picture books.
Spending time with family is what I'm all about. Life's too short!
I have two amazing sons who love Lego and ninjas...and TV (sigh)!! We read a ton of storybooks to make up for the TV thing. One of the best ways to explain things is through stories of course.
If it was up to me, I'd have chips and dip for dinner every night with a super dark chocolate bar to round out the meal...and maybe an apple! It's a good thing I've got kids and a husband. They keep me responsible (and healthy).
