Accounting for Authors

Accounting for authors is something we’re asked about all the time. Special shout out to John Box for suggesting the conversation.

“How do self-published authors handle their income? Both part-time and full-timers? Are authors setting up LLC’s or the like? Is this something that we can do on our own? Or is there a respectable service out there that can help us?”

These are all great questions. Listen in as we talk about what we do on the financial side of being a career author.

DISCLAIMER: We are not accountants or tax attorneys. This is not financial or legal advice. We are not responsible for any decisions you make as a result of listening to this episode.

The Career Author Podcast is a podcast where co-authors J. Thorn and Zach Bohannon share their struggles and successes as full-time authors, advice for improving your writing craft, and honest discussions of what it takes to build a successful career as an author.

In this episode, you’ll discover:

• Why credit cards can be good for small business owners
• How to determine whether or not you need an LLC
• Why partners should always have written agreements
• Tools for book keeping
• When you need a tax professional

Also, learn how to get on the path to financial independence for free.

Send us your ways and hacks – https://thecareerauthor.com/waysandhacks/

Leave us a comment: What is one thing you’ll do in 2020 to improve your financial health as an author?

Thanks to all of our newest Patrons, Holly Starkey, Mary Lasher, and Dee DuPuy.

Podcast sponsored by Kobo Writing Life – https://writinglife.kobobooks.com

Get exclusive bonus content by supporting The Career Author Podcast on Patreon at www.patreon.com/thecareerauthor

Want to work with us? Get the details at https://thecareerauthor.com/services/

Links:

FI101 – https://academy.choosefifoundation.org/

Zach on the Rebel Author Podcast – https://rebelauthorpodcast.podbean.com/e/011-authors-and-money-how-to-quit-your-day-job-and-write-full-time-with-zach-bohannon/

You Are a Storyteller Podcast – https://writeinvisibleink.com/episodes/

The Writers, Ink Podcast – https://writersinkpodcast.com/

The Career Author YouTube Channel – https://www.youtube.com/thecareerauthor

Three Story Method – http://threestorymethod.com

Molten Universe Media – http://www.moltenuniversemedia.com

Events – https://thecareerauthor.com/events/

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