Well, not really. I’ve spent the last two days sorting out information for my accountant. I know some people just dump it all on the accountant and let him/her do it, but I am too Scottish for that. I figure I save money by having it organized enough to complete the tax organizer. I also figure some things need explanation, and I keep track of those as I go along.
My taxes aren’t all that complicated,
but there’s enough I can’t just file a short form. I have income from several
sources—mostly small checks from various publishers, though a couple of distributors
were pleasant surprises this year. I keep track of business expenses having to
do with my writing and household expenses, because I have for years taken a
home office deduction. It’s all too much for me to figure but I can organize—though
I’m sure I miss some deductions here and there.
Today I did my business account. Did I
really spend $216 for supplies at Staples in one trip? Turns out it was
computer repair. And there was a check to a press I’d never heard of—found the
invoice showing it was for a blog tour. This year I became an indie publisher
and discovered, as many have, that I simply can’t do it all—so I hired an
editor, formatter, webmaster, etc. And I began to do more advertising—found I
spent an inordinate amount on Facebook ads which most authors say are useless.
Must change the ceiling on my ads—though then you limit the people reached. I
think it’s a pay-per-click system, so if you pay more it means more people
clicked on your ad.
There are puzzling questions—what do I
do with royalties that are below the level where the IRS requires a payer to
file a 1099? I’m reporting them, but I generally just send the 1099s to the
account to figure my royalties. And then there are odd expenses that fit
nowhere—why did I spend $26 with Just Answer? And how did my hearing test get
in with business expenses?
I’m not done by any means but I can
see light at the end of the tunnel. Still, I quit for the night. Going to read
some more of The Storied Life of A . J. Fikry and go to bed early—going to
first church tomorrow.
Sweet dreams, everyone.
