Relax. You still have a few hours to
care for those remaining details for tax year 2013.
Depending on this year's writing
income, you can still decide if you want to register and pay for a
writing course or conference now – and take it as a deduction for
this year – or postpone the purchase for a new tax year.
The past few days I've been reviewing
my list of year-end items. I just took care of my biggest remaining
task, buying the small business version of the tax software I use to
calculate what I owe the government for my publishing-related income.
And I just remembered that I need to include on my income-and-expense
spreadsheet the cost for my subscription to a writing magazine.
This year I've had some help in
preparing. In my work for the Christian Writers Guild, I moderated
three webinars on business aspects of writing presented by tax expert
Gary Hensley and freelancers Lin Johnson and Julie-Allyson (see
http://www.christianwritersguild.com/store/webinars).
Each provided a few tips to help me
keep my records and to take all the available tax deductions. As
someone who attended several writers conferences, it's good to be
sure what documentation I need to deduct travel expenses.
The rest of today, as I alternate
between writing an article due next week and procrastinating, I hope
to channel some of that procrastination time to cleaning my office,
sorting through files, and preparing to start the new year.
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