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Writing 101: What You Should Know About Taxes

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It's March...do you know where your income is coming from? Before you break the federal law, figure out what you should know about taxes as a self-published author.  Two Sides to Every Coin Once you sell a certain amount of books through any venue, from Amazon to Smashwords, you will receive a check in the mail or an automated payment of some sort; it all depends on the payment information you've submitted. When this happens, it's an amazing day. You earned money as an author , and you are a success. And you are liable for it as a taxpaper. Because here's what you may not know about self-publishing: you're doing it as an independent contractor. What does that mean? It's pretty simple. You have sold something, a product, on Amazon (or B&N, or whatever). Amazon has taken their cut of the profits and now they are giving you what you have earned as the author. But they have not taken taxes out . Amazon is not your employer. You didn't fi...

Writing 101: Self-Published Authors and Paying Taxes

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Most countries tax their citizens. Lots of people complain about that, but the world would stop functioning if goverments could not charge taxes. They're used to create roads and repair bridges, among many other important tasks, so we all pay them more or less willingly. And if you've been earning money as a self-published author, you may be required to pay them as well.  Taxing Your Income By law, you are required to give the government a certain percentage of your earnings. When you work and receive a paycheck, these taxes are automatically deducted from that paycheck. At the end of the year you may even receive a tax return from paying too many taxes throughout the year. But when you earn income through self-publishing, taxes are not taken out because you do not receive a paycheck. You are not someone's employee; you are receiving royalties. Because this money is not taxed, legally it is labeled as self-employment income. And when you receive a self-empl...

Writing 101: Is It 'Worth It?'

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Is it really worth it to be a writer? The romantic answer is a resounding yes . And if you're the type of person who likes insecurity, criticism, instability and exhaustion, then it's definitely something you ought to pursue. But if you enjoy getting holidays off and want to have some sort of extra time on the weekends, you've got some hard thinking to do. Being a writer means paying a ton of money in taxes -- much more than you would if you had a "real job" -- and it means working much longer hours than the 9-to-5 guys who get the luxury of being on the clock just 40 hours a week. It also means being disregarded by everyone you know, because they'll assume it's easy for you to be flexible when it comes to your work. After all, to some of them what you do isn't even going to be real work. So before you pursue the goal of working as a full-time writer, make sure it's really worth it to you...because I promise, you're going to have to giv...

Writing 101: Backing Up and Rescuing Your Manuscript

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Spend time on a computer regularly, and it's bound to happen to you: data loss. Power outages, viruses, various meltdowns, there are all sorts of reasons your computer might malfunction and cause you to lose something you'd rather keep. But when it happens to your manuscript, it's the deepest cut of all. Don't lose your work! There are ways to avoid the problem, and ways to fix it when you haven't been avoiding it arduously enough.   Saving Your Book I'm a little on the obsessive side when it comes to saving my work, because I've agonized through more than one crash in the past. But I've learned others aren't quite so psychotic about hitting the "save" button repeatedly. In fact, the computer makes it pretty easy to get lazy. Any word processing program worth its hard drive space will have an auto-save feature that automatically saves your progress, pretty much every time you pause. Even online programs, like blogger and gmail, ...

Books on Film: Robin Hood

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At some point, everyone gets exposed to the heroic tale of Robin Hood. Everyone's heard at least one version of it, or seen one of the many movie adaptations. The story of the bandit who robs from the rich and gives to the poor is so old, and it's been re-told so much, no one really know just where it comes from...or whether or not it's true. But a great many brave souls have written books, and turned them into films, in order to depict this hero. Only a few have done it well.  The Story The oldest recorded mention of Robin Hood can be found in a 15th century poem. It references "Robyn hode in scherewode stod," which becomes Robin Hood of Sherwood Forest. A 16th century reference places Robin in Loxley near South Yorkshire, an area that's been associated with Robin dating as far back as 1422. Records do indicate that a man named Robin Hood lived around Wakefield, Yorkshire, in the 13th and 14th centuries. Piers Plowman created the first ...