🗂️Indie-Authors should not neglect the administrative aspect of book publishing.
🔖Organize receipts and transactions and keep all handy for tax filing when Uncle Sam visits or for future reference.
🔖Best to use a CPA unless you are skilled at tax filing and checking all the crucial expense boxes.
🔖Audit your business monthly regardless of high or low book sales.
🗂️ Monthly audits allow you to strategize and implement needed actions.
🔖Avoid shortcuts and the “little lies” when you claim business taxes.
💰Paid services are not “Personal Gifts” but earned incomes.
💼 Remember that Uncle Sam is diligent, and businesses can be audited. 🗃️