Sunday, March 20, 2011

Business Expenses for Writers by Brigitte Thompson

It's tax season which, for most people, is about as welcome as a migraine. With some planning and organization, filing your tax return can become less painful.

I've compiled a list of common business expenses for writers. Of course, this does not include every possible deduction, but it offers suggestions that will help you reduce your taxable income.

The article is an excerpt from my book, Bookkeeping Basics for Freelance Writers.

Expenses Related to the Business of Writing
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13 comments:

  1. LINDA FAULKNERMarch 20, 2011 at 7:55 PM

    Great info!

    ReplyDelete
  2. Celia NYMarch 21, 2011 at 11:40 AM

    Very informative read!

    ReplyDelete
  3. Cameron KowalskyMarch 21, 2011 at 11:41 AM

    My husband does our taxes and he didn't know I could take some of the expenses you listed. Your article is going to save us money. Thank You !!!

    ReplyDelete
  4. HRyan@March 21, 2011 at 11:43 AM

    Can I post a link to your information on my web site? It will help my readers who are also writers.

    ReplyDelete
  5. YvonneMarch 21, 2011 at 11:44 AM

    Just in time.... we are meeting with H&R Block tomorrow. Thx

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  6. Accountant, Author & Freelance WriterMarch 21, 2011 at 9:19 PM

    Linda, Celia & Yvonne,

    Thank you for your compliments. :)

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  7. Accountant, Author & Freelance WriterMarch 21, 2011 at 9:21 PM

    Cameron,

    I'm glad you found some new expenses you hadn't considered before. Documenting these deductions with proper recordkeeping will reduce your taxable income - and taxes due.

    Save those receipts :)

    ReplyDelete
  8. Accountant, Author & Freelance WriterMarch 21, 2011 at 9:22 PM

    HRyan - Yes, feel free to share my article on your web site. I only ask that you include my name with the information and a link back the document on my web site. Thanks for asking.

    ReplyDelete
  9. Sherry JayMarch 29, 2011 at 2:37 PM

    Excellent article!! Thank you!!

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  10. Rosemary@g...March 29, 2011 at 2:42 PM

    I a writer with an older computer. The tech people at Best Buy repair it from time to time. Can I write the cost off as a business expense?

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  11. LA Tax@March 29, 2011 at 2:47 PM

    Sound advice for writers as well as editors.

    ReplyDelete
  12. Antonio B.March 29, 2011 at 2:50 PM

    Even after many years of doing my own taxes, I found new information in your article. Well done.

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  13. Accountant, Author & Freelance WriterMarch 29, 2011 at 2:52 PM

    Rosemary: Yes, you can deduct the cost of repairs for the computer. If you use it 100% for work, you can write off 100% of the repair cost. If the computer also is used for personal reasons, you can write off a percent of the repair costs.

    ReplyDelete

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