Is Your Writing Hobby Actually a Business?

Is Your Writing Hobby Actually a Business?

Is 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.

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What Does My Accountant Need to Do My Taxes?

What Does My Accountant Need to Do My Taxes?

Like 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.

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