Great advice, and I plan to use it someday! I am interested in the March workshop in Aiken - didn't find a link to sign up here on on your website, though I did find the info.
I remember your grandmother's little farmhouse. That place was charming. Also ... Zone of Incompetence is a great phrase. Anything that involves numbers and math falls into that category for me. Thanks for all these tips.
To clarify, prizes are taxable. I’m a CPA. I’m not sure giving out tax advice on here is the best idea. You might consider adding links to resources found on the IRS site or other reputable sources.
Monica, since you're a CPA, is there anything else we as writers should know or not know? And do you specialize in accounting for creatives? Are you looking for clients?
Monica, I just looked at the IRS rules for prizes and you're right, they are indeed complicated. I'll go back in to the post and rewrite that. And I found an IRS link.
Thanks for this info, Janisse! My mom was a tax preparer for 26 years and taught me a lot about business expenses. Now that I’m not teaching full time & my mom’s no longer here AND I am almost two-feet deep in my mentoring business, your advice here is helpful. ✌🏽
Great advice, and I plan to use it someday! I am interested in the March workshop in Aiken - didn't find a link to sign up here on on your website, though I did find the info.
Let me find it for you.
I remember your grandmother's little farmhouse. That place was charming. Also ... Zone of Incompetence is a great phrase. Anything that involves numbers and math falls into that category for me. Thanks for all these tips.
You are so welcome for any tip I can manage to give you.
To clarify, prizes are taxable. I’m a CPA. I’m not sure giving out tax advice on here is the best idea. You might consider adding links to resources found on the IRS site or other reputable sources.
Monica, since you're a CPA, is there anything else we as writers should know or not know? And do you specialize in accounting for creatives? Are you looking for clients?
Monica, I just looked at the IRS rules for prizes and you're right, they are indeed complicated. I'll go back in to the post and rewrite that. And I found an IRS link.
Thanks for this info, Janisse! My mom was a tax preparer for 26 years and taught me a lot about business expenses. Now that I’m not teaching full time & my mom’s no longer here AND I am almost two-feet deep in my mentoring business, your advice here is helpful. ✌🏽
I had to go back and edit one thing--so don't take my word as expert. Two-feet deep is wonderful. xoxo